IRS can help you pay for energy conservation (solar, buying, tax credits)
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Since the recent heat has raised everyone's awareness of how much their AC systems run constantly and what it is costing them to pay for all of that electricity. I thought this would be a good time to point out that some local governments will help you pay for the cost of solar screens, more insulation, programmable thermostats, sealing your ducts and registers, new HVAC systems, and improving the energy efficiency of your homes. Such as: Rebates - Austin, TX
If you qualify there are even some low cost loans available for low income families.
Check with your local energy companies to see if they have anything available.
IN ADDITION this year 2010 there is still a Federal Tax Credit available if you pay to have the energy improvements done this year. The Federal Government will give you a tax credit to help pay for it, 30% of the cost up to $1,500.
Those federal tax credits are probably not going to be repeated in 2011 so this is a really excellent time to make these improvements at minimal cost to yourself.
Excellent points CaptainRn. I'd like to point out that the tax credit programs allow you to offset the amount of tax you're paying by the costs of the upgrades... the gov't isn't giving you any money, just taking less Anyone interested in these programs, be sure to read the fine print. Some require you to have an energy audit, professional installation, meet a certain % of energy produced, or only apply to upgrades (not new construction) and some have caps or restrictions. But overall, it's a good way to get more efficient for less $$$.
Excellent points CaptainRn. I'd like to point out that the tax credit programs allow you to offset the amount of tax you're paying by the costs of the upgrades... the gov't isn't giving you any money, just taking less Anyone interested in these programs, be sure to read the fine print. Some require you to have an energy audit, professional installation, meet a certain % of energy produced, or only apply to upgrades (not new construction) and some have caps or restrictions. But overall, it's a good way to get more efficient for less $$$.
Exactly. I am buying new windows and the tax credit was only a small part of my decision to do so. The salesman was taking $1500 off the price of the windows & installation and I had to keep pointing out to him that that was dishonest since the credit is non-refundable. Then I had to explain what "non-refundable" means. I don't think it's really HIS fault; his boss probably told him to do that and didn't explain to him what the tax credit actually means. He could have looked it up online, but that's too much like work.
I told him that he shouldn't sell windows that way though; it's dishonest and will **** off some people.
LoL it doesn't offset the increased energy cost that are being seen around the country. There is nothing you can do to avoid paying for energy. The less you use the more you'll pay for it.......... Don't even start about being off the grid either! it still cost you something....................
LoL it doesn't offset the increased energy cost that are being seen around the country. There is nothing you can do to avoid paying for energy. The less you use the more you'll pay for it.......... Don't even start about being off the grid either! it still cost you something....................
Did you have anything productive to add?
The 30% Federal rebate goes beyond the $1500.00 for certain HVAC systems as well as wind and solar energy generating systems.
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Anyone interested in these programs, be sure to read the fine print. Some require you to have an energy audit, professional installation, meet a certain % of energy produced, or only apply to upgrades (not new construction) and some have caps or restrictions. But overall, it's a good way to get more efficient for less $$$.
