Purchasing Green Built Homes in Chicago Saves You Money

goinggreen.jpgWe all know about the federal tax credit currently available for first-time homebuyers, but you may not be aware that there is also a tax credit for homebuyers that purchase a green built home or products to make your home a little more environmentally-friendly. By purchasing new Chicago homes that incorporate green standards, you are eligible for a federal homebuyer incentive whether or not you are a first-time homebuyer. Just be sure to do your purchasing and renovations before January 1, 2009 in order to be eligible for the tax credit. So what exactly are “green products” that will get you a little extra cash? Well, some examples you could follow to help increase your wallet and decrease the negative effects on the environment are systems that reduce heat loss/gain; exterior windows (including skylights), exterior doors, and metal roofs that meet the ENERGY star standards; programmable thermostats; rainwater conservation systems; ENERGY Star appliances; and more. For more details and to answer any questions that you may have about this Green tax credit, visit the IRS Web site.
The tax credit was introduced in 2006. It is meant to help those who are spending the extra cash to help the environment save some money. If you have the green spirit then it is time to cash in.