When I was home in Dallas this past weekend, I was at “The Shops at Legacy.” When I went to pay the parking meter, it read “hybrid cars do not have to pay.” Sure this is a very tiny advantage to owning a hybrid car but the more I look around, I notice that being green can cut down expenses everywhere. For example, some states give tax breaks if you a buy a hybrid car or own a solar-powered home.
Several states offer tax credits if you covert your vehicle to use bio-fuels. In Oregon, if your car uses bio-fuels, you get an income tax credit of $0.50 per gallon up to $200 per vehicle. In the great state of Oklahoma if a car uses your own bio-fuel, you are not subject to the state’s motor fuel exercise tax.
And if you come from my home state of Texas and you have a solar energy system your home is exempt from property tax. This big time saver is also in effect in Arizona, South Carolina and New York, where you can get a tax credit equal to 25 percent of the costs of your solar energy system. In Idaho, if you are an owner of an older home you are encouraged to add new insulation by receiving a tax deduction of 100 percent of the cost.
And if you’re in a giving mood, all charitable donations to qualified non-profits are tax deductible. These are just a few benefits we can receive by being more Eco – friendly in our daily lives. I personally support most legislation that will restrict our admissions of harmful gases and will reward those who consciously make environmentally smart decisions.