Cash Back for Replacing Your Grass?

Last week in the Wall Street Journal and on CNBC, we reported how many communities are offering financial incentives to get homeowners to dial back water consumption at home -- particularly outside when it comes to watering grass.

One perk in some towns: cash for replacing your lawn with more "water-efficient" landscaping.

The incentives range from rebates and nursery gift certificates to water bill credits. You can find some of them here on the Environmental Protection Agency's Web site. I delve into them more on ABC News' "Good Money."

The EPA plans to expand it's "WaterSense" label this Fall to include new homes that consume about 20% less water than a typical new home. The criteria, as currently written, would limit the amount of turfgrass builders can plant. And that has many in the turfgrass industry opposing the proposal, saying it would portray grass as "bad" and that a one-size-fits all approach isn't the way to go.

Read more in today's WSJ about this Turf-War.