This may be the time to consider buying a new furnace or air conditioner, replacing drafty windows, putting in attic insulation and/or installing solar panels. The new economic recovery package includes more than $50 billion in energy-related grants, tax breaks and loan guarantees to spur solar and wind energy development and to cut energy use in businesses, schools, government and homes.
Consumers will benefit from the tax breaks being offered for residential energy-efficiency improvements, such as more efficient furnaces, heat pumps and air conditioners, as well as draft-tight windows and insulation. States can receive matching grants to promote utility-sponsored rebates for the purchase of more energy-efficient appliances, and tax breaks will be available for people who want to install solar panels to power water heaters
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