Going Green: Tax Credits for Energy Efficiency

It's just about tax time, and that means you should start toting up your possible credits and deductions. And that includes any efforts you have made at energy efficiency. By planning ahead to make energy efficient home improvements next year, you can save money on energy bills by going green and get a little bonus in the form of tax help.

Here are some of the things you can do (hat tip: Blueprint for Financial Prosperity) to take advantage of tax credits for energy efficiency (but do it between Jan. 1, 2009 and Dec. 21, 2009):

• Replacement windows and doors.
• Insulation
• Water heater
• HVAC equipment
• Solar energy systems

Also, many states and local governments offer grants and special loans to those who are trying to upgrade their homes to increase energy efficiency. Start making plans now to take advantage of tax credits for energy efficient home improvements.

Miranda Marquit writes for the Personal Finance Corner.