Energy Efficient – 2010 Energy Tax Rebates – Get Moving Now
July 5, 2010 by Guest Author
Filed under Energy News
At first sight you could be considered nuts in a tough economy to begin spending money so that you can save cash. But if you ensure that your home more energy efficient you will save money in 2 ways…
First: you will be able to reduce you monthly energy bills
Second: you will get some taxes back as federal tax credits
At the same time you are making a sustainable greener, more efficient, more comfortable house for you and your family.
December 2010 is the closing date for this economic stimulus package that allows home and condo owners to claim rebates for a variety of alternative energy projects and replacement appliances . The American Recovery and Reinvestment Act includes the most beneficial energy efficient home improvement rebates ever, tripling the total available tax rebates to fifteen hundred dollars or up to 30% of the cost of qualifying renewable energy improvement projects. So you had better hurry or you will miss out .
I have a check list of great energy efficiency home improvements that will qualify for tax credits.
Energy efficient doors and windows these replacementswill save you up to 24% * of your total energy costs (* Energy Star a government program that discovers and endorses energy efficient products). The marvelous thing about these tax credits, is that they cover both replacements and new builds, ends December 2010 so it is time to get started bfore it is too late .
Energy Efficient Appliances – most energy star appliances are within the scope of the program and so can be claimed for, they will also use ten to 50 percent less energy than previous models, so even after your tax rebate you still save on energy year on year . Just a hint to increase your savings turn down your timers (or add a timer to your hot water system) and thermostats, and few minutes less and a few degrees cooler will save you loads and you will never feel the difference.
Heating and Cooling Systems replacing will be expensive but if you have to do it anyway then do it this year as all Energy Star AC units and boilers are covered this year. A cheaper way to ensure that your existing system more efficient and cost effective is to renew your insulation, seal the door and window frames and that alone should save you up to 10% of your yearly energy bills (use products that comply with the 2009 International Energy Conservation Code (IECC) & Amendments and you qualify for another rebate)
Now for the big one and with this you have till 2016 to claim
The energy efficient home of the future whether its a new build or a new system all alternative energy systems can qualify you for up to 30% tax credit with no upper limit, so now is the time to get moving on your DIY green energy projects such as solar energy (renewable solar energy), wind turbines (residential wind turbines), magnetic generators (magnetic energy generator)will all be eligible for your primary home (residential fuel cells and wind turbine systems installed in principal homes may qualify you for a thirty percent credit of up to five hundred dollars per 0.5kW of energy capacity)
So start looking at the best online info packs that will guide you step by step through the build and installation of your chosen green energy project. Don’t forget to claim your tax credits, (The info packs will have the necessary forms and details all ready for you to make your claim).
It will never get any better than this accept for one last bonus- if your project is large enough, you may even be able to sell your excess power back to the utility and have them pay you!
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