Get A Tax Break For Going Green In 2011

Apr. 1 2011 - 3:35 pm 

By ASHLEA EBELING

At Home: Stephen and Elaine Levine

For the 2011 Forbes Tax Guide, click here.
In Pictures: 10 Green Tax Breaks For 2011
When Stephen and Elaine Levine of Somerset, N.J., both 73, file their 2010 tax return this spring, they’ll be getting a $15,000federal tax credit for going solar. They were expecting to get an additional $11,000 state rebate too, but newly-elected Republican Gov. Chris Christie raided the N.J. Clean Energy Fund last year to help balance the state budget, so the pot of rebate money ran dry. Yet even without the promised state rebate, the Levines calculate that their $50,000 investment will be paid off in five years thanks to the federal tax credit and other incentives.

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