Are there any tax or mortgage benefits of having a “built green” home?”
Going Green with Your Home Equity Line of Credit? http://www.loanshak.com/2007/04/going_green_wit.html Opening a home equity line of credit to make home improvements can result in a variety of tax savings. First of all, the interest on a home equity line of credit is usually tax deductible. And, if you choose the right green home improvements to make your home more energy efficient, there are tax breaks for going green. But, if you are looking to do more than just help your own home, Bank of America is promising to donate to the global fight against greenhouse gases by giving a $100 donation to companies that protect the environment if you spend $2,500 in a home equity line of credit. The Green Wombat reports: “Our research has indicated that many customers are using home equity loans and lines of credit to make home improvements that increase energy efficiency,” BofA exec David Rupp said in a statement.
