Comments on: Year-End Tax-Saving Move: Green Energy http://www.consumerismcommentary.com/2007/11/19/year-end-tax-saving-move-green-energy/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sat, 21 Nov 2009 16:42:00 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Bill http://www.consumerismcommentary.com/2007/11/19/year-end-tax-saving-move-green-energy/#comment-123467 Bill Tue, 20 Nov 2007 15:23:43 +0000 http://www.consumerismcommentary.com/?p=2824#comment-123467 Thank you Anca...I see this so often in CNN articles about finance. They seem to miss the main or one of the major points for making an investment/purchase. The payback period for replacing many of your old appliances is pretty short. If you have single pane windows or an old house with little/no insulation an upgrade saves some serious heat - not to mention just make your house more comfortable. The tax benefits mentioned are only the gravy for these upgrades. Thank you Anca…I see this so often in CNN articles about finance. They seem to miss the main or one of the major points for making an investment/purchase.

The payback period for replacing many of your old appliances is pretty short. If you have single pane windows or an old house with little/no insulation an upgrade saves some serious heat – not to mention just make your house more comfortable.

The tax benefits mentioned are only the gravy for these upgrades.

]]> By: Anca http://www.consumerismcommentary.com/2007/11/19/year-end-tax-saving-move-green-energy/#comment-123403 Anca Mon, 19 Nov 2007 22:50:33 +0000 http://www.consumerismcommentary.com/?p=2824#comment-123403 "From a financial standpoint, this is likely not worthwhile, but green energy will eventually be less harmful to the environment." I think you're missing the point, for which I blame the CNNMoney article. They completely failed to mention the fact that all these green energy measures, while having a higher initial cost, will result in high energy savings. These devices/etc will pay for themselves in possibly a matter of a few years, after which it's like getting free money. “From a financial standpoint, this is likely not worthwhile, but green energy will eventually be less harmful to the environment.”

I think you’re missing the point, for which I blame the CNNMoney article. They completely failed to mention the fact that all these green energy measures, while having a higher initial cost, will result in high energy savings. These devices/etc will pay for themselves in possibly a matter of a few years, after which it’s like getting free money.

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