Take advantage of tax incentives for energy efficiency
Making a choice to run your car on water is now a tax advantage. Not only will you save at the pump, but you can also save on taxes. The IRS gives tax credits for those who purchase or lease hybrid vehicles.
Congress enacted the Energy Act of 2005 in an effort to encourage energy conscious purchases. Individuals may also receive credits for making their homes more energy efficient. A provision in the Act is to give tax credits of up to $3,400 for hybrid fuel efficient cars and trucks. Alternative fuel vehicle purchases receive up to $4,000 tax credits.
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