9.25.2009

TAKE TAX CREDITS FOR GOING "GREEN"


Federal tax credits are available for homeowners who make energy-efficient home improvements through 2010, courtesy of the Emergency Economic Stabilization Act of 2008 and the stimulus bill signed by President Barack Obama.The bill extends tax credits for those who install qualifying renewable-energy technologies, such as geothermal and solar-energy systems, through 2016. Here are some examples:

Federal Tax Credits for Energy Efficiency includes:

Tax credits are available at 30% of the cost, up to $1,500, in 2009 & 2010
(for existing homes only) for:
Windows and Doors - Insulation - Roofs (Metal and Asphalt)·
HVAC - Water Heaters (non-solar) - Biomass Stoves

Tax credits are available at 30% of the cost, with no upper limit through 2016
(for existing homes & new construction) for: ·
Geothermal Heat Pumps - Solar Panels - Solar Water Heaters·
Small Wind Energy Systems - Fuel Cells

Additionally, local Oakland County utility companies offer Utility Rebate Programs.
For instance, Consumers Energy - Residential Energy Efficiency
Program offers the following:
Central AC: $100-$350
Pipe Wrap: $4 per five feet
Heat Pumps: $100-$350
Setback Thermostat: $20
Furnace: $200-$350
Refrigerator Recycling:
$30Boiler: $350
Water Heater: $35
Tankless Water Heater: $150

Visit the following website for information about your utility company:
http://www.dsireusa.org/incentives/index.cfm?re=1&ee=1&spv=0&st=0&srp=1&state=MI
For detailed information, visit the following link:
http://www.energystar.gov/

1 comment:

  1. You might qualify for a new solar rebate program.
    Click here to find out if you are qualified now!

    ReplyDelete