I considered distillation to recover isopropanol but concluded that it just wasn't worth it, a whole lot easier just to keep buying it fresh. As this thread says, you would need a column type distillation rig to get high ethanol content, a water purifier distillation unit will only get the concentration up to about 60%. Distillation columns are costly and pretty complicated, why the hell bother?
I tried using ethanol as a solvent before, sold under the name e-NRG Bioethanol fireplace fuel, which is 92% ethanol and 8% isopropanol, I didn't find it worked as well. It's a lot cheaper than buying ethanol in the form of liquor though. Isopropanol has lower polarity, so extracts less secondary compounds. I don't know why anyone would use ethanol instead of Iso, unless it was for making a tincture, where the alcohol would actually be consumed. Of course consuming any alcohol is a bad idea, considering they're all quite toxic and definitely not a food item. Yeah, the liver can metabolize it, but the metabolites are toxic, like acetaldehyde. The simple fact that you get a "hangover" proves how toxic the metabolites are.
The most practical way to go, for making extracts and not tinctures, is just buy 500 ml bottles of 99% pharmaceutical grade iso in a pharmacy. When done the way I do it, extracting a pound of material only requires 4 bottles, that's like $20. To me, it's worth $20 per pound to make things simple, cheap and practical, plus get excellent results. Screw around if you want, but personally, I'll stick to the easy way.