8 Ways to Go Green and Save on Your Taxes

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Introduction

(iStockphoto)

Now that going green is in vogue, the government is getting in on the action by encouraging taxpayers to adopt energy-efficient practices for a reward.

Recent legislation provides plenty of tax incentives to eco-friendly individuals and businesses, making right now a great time to save money by going green.

Here are some ways to take advantage of federal tax credits (dollar-for-dollar tax reductions) and deductions (reduction in taxable income).