SPECIAL REPORT: How Expensive is Going Green?

From tax credits to sustainable retirement leisure, it may be more attainable than you thought. Created for {EMAIL} | [Web Version]( August 30, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Youtube]( [Instagram]( Kiplinger Today [SIGN UP]( ⋅ [SHARE]( [] Top Story [] [Going Green at Home While Still Saving Big]( [Going Green at Home While Still Saving Big]( (Getty Images) The Inflation Reduction Act introduced substantial tax credits and rebates for homeowners aiming to make energy-efficient improvements. The Energy Efficient Home Improvement Credit offers up to 30% of the cost of qualifying improvements, with annual limits replacing previous lifetime caps. The Residential Clean Energy Credit provides up to 30% for renewable energy systems, and [several other projects to maximize benefits, and a home energy audit can further enhance savings](. [] Tax Deductions [] [The EV Tax Credit for Dummies]( [The EV Tax Credit for Dummies]( (Getty Images) The electric vehicle tax credit offers up to $7,500 for new electric vehicles and up to $4,000 for used ones, aiming to promote clean energy adoption. The credit, valid until December 2032, has specific income limits and vehicle price caps. [Does your EV or will your future one qualify](? [How to Turn $100K into $420K Through the Use of Depreciation]( Depreciation allows a write off an asset's value over a period of time. Depreciating the asset over time allows you to spread out that cost while at the same time generating Income. Looking at data from Bloomberg, a $100,000 investment in real estate beginning on December 31, 2000, would have been worth about $420,000 on December 31, 2019. That same $100,000 investment in the S&P 500 would be worth about $356,000 on December 31, 2019. [READ MORE]( ADVERTISEMENT [] Green Investing [] [Committed to Sustainable Investing?]( [Committed to Sustainable Investing?]( (Getty Images) Don’t be shy about asking your adviser tough questions. You don’t want to find out after the fact that your portfolio isn’t as responsible as you thought it was. To ensure effective SRI (sustainable, responsible, and impact investing), [ask these three key questions](. [] Hybrids [] [Five Models That Show Hybrid Cars Might Be Right For You]( [Five Models That Show Hybrid Cars Might Be Right For You]( (Getty Images) [The Kiplinger Letter]( forecasts that hybrids will account for 14% of vehicle sales in 2024, up from 9% in 2023. Hybrid vehicles are becoming increasingly popular among consumers who want to save on gas but aren't ready to switch to fully electric cars. So why not meet in the middle? [Take advantage of the hybrid car renaissance with our carefully curated model picks](. [] Sustainable Leisure [] [Retirees are Getting Into Camping — Here's How You Can, Too]( Camping is a great way to commune with nature and see the country on a range of budgets. Exploring the mountains, the Everglades and more can be an intoxicating experience, while for the most part being a sustainable activity. See what you'll need - and what you'll spend - on your retirement camping adventure. [Read More]( [Best Compounding Interest Investments in Preparing for Retirement]( If you invested in an S&P 500 index fund starting in January 2000 until September 2020 your average annualized return would have been 4.2%, a cumulative return of 136%. But if you reinvested all dividend payments your annualized return would have been 6.2%, a cumulative return of 247%. Just reinvesting dividends would have nearly doubled your gains. [READ MORE]( ADVERTISEMENT [] Elective Vehicles [] [The Highest Grossing EVs in the US and How Much They’ll Cost]( Forecasts suggest elective vehicles will make up half of global car sales by 2035. From high gas prices, and improved EV performance to increased car choices, and government incentives like the federal EV tax credit, there’s no doubt that these cars are the future. Are you ready for one? [TAKE A LOOK HERE]( ABOUT KIPLINGER When we write about money, we get it right. So the decisions you make with your dollars are also right. Kiplinger is a trusted provider of unbiased financial advice, objective business and economic forecasts, and practical help to millions of business professionals, investors, and individuals seeking to make more profitable decisions with their money. 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