Tax Credits For Energy Efficient Homes
July 16, 2011
Many homeowners know there are things they can and should do to improve the energy efficiency of their homes. Most often the preventative in moving forward with energy efficient upgrades is cost, even when there is a lot of money to be saved on utilities once improved systems are in place.
Some people may not be aware of the tax credits and incentives that are available to them in return for investing in improved energy efficiency and green building processes in both homes and businesses. When you start adding up the different ways to save, it makes more sense than ever before to take advantage of the available credits and enjoy cheaper utility bills.
Some of the items that qualify for federal tax credits include HVAC system replacement, insulation, geothermal heating and cooling systems, and energy efficient door and window replacement.
There are also incentives at the state level as well as rebates from utility companies such as Duke Power and Piedmont Natural Gas for upgrading to more energy efficient equipment such as tankless water heaters, new heat pumps, and geothermal systems.
Progress Energy also offers rebates for customers who elect to improve their home's energy efficiency via their Home Energy Improvement Program. Rebates are offered for various improvements such as low-E glass windows, attic leak and air duct sealing, and HVAC audits.
There are many different types of investments you can make when it comes to your home, but not all of them offer the same return on that investment when it comes to the possible energy savings and/or the resale value if you decide to sell your property. The best and surest investments you can make are those that increase energy efficiency.
One of the main drawbacks for many home and business owners in improving energy efficiency using rebates and incentives is they don't know how to determine which ones they qualify for. If you are not sure which incentives and rebates you may qualify for, contact the professional team at Green Horizon and let them guide you in ways you can improve your home's energy efficiency and save valuable dollars in the process.