Posts Tagged ‘2011’

Time Running Out for Home Energy Efficiency Tax Credit

October 13, 2011

We’ve provided the details on the federal home energy-efficiency tax credit a few times this year—for efficient furnaces, air-conditioners, windows, insulation, and the like. You’ve have access to the federal tax credit for existing homes for almost six years, in some form or another, including a bump up in the credit amount for two years as part of ARRA and then ratcheting back down this year.

But the time is running out. These federal credits disappear at the end of the year. To be eligible, qualified products must be “placed in service” (installed) by December 31, 2011. If you know you’re going to be doing something that qualifies, now is the time. I’m not betting that Congress will pull together and agree on much of anything, let alone pass something like an extension of this tax credit. So right now, it looks like before the end of the year, or kiss it goodbye.

Of course, if the time isn’t right for you, we always help our customers find any other incentives out there. Call us when you’re ready.

Thanks, Mike

ACI 2011 Summit and Conference–a Not-to-Miss Event for the Home Performance Industry

March 8, 2011

GreenHomes America is excited to be sponsoring and attending ACI’s 25th annual Home Performance Conference, in San Francisco, March 28-April 1.  It truly is THE location for the best minds in the industry to come together and share and learn.  Enlightened contractors, policymakers, utilities, anyone with an interest in home energy retrofits–and the economic, environmental, and security considerations that go along with improving the efficiency of our housing stock.  If you’re serious about delivering all the benefits of a safe, comfortable, and more energy-efficient home to homeowners, then you should seriously consider attending–and it looks like record numbers are this year.

ACI 2011 National Home Performance Conference

Of particular interest for me this year is the second annual Home Energy Summit held in conjunction with the conference, and I’m delighted that our CEO Tracy Price has the opportunity to share his vision with others.  He’ll be joining others talking about the latest innovations and how we hope to improve homes across the country.

Industry colleagues (and I know some of you are reading this)–if you can make the time, make the trip out of San Francisco at the end the month.  It will be well worth it.

Thanks,
Mike

Yes, Virginia, there is still a federal home energy tax credit

February 19, 2011

I mentioned this several weeks ago, but we’re still getting A LOT of questions on the 2011 energy-efficiency tax credit for things like furnaces, air-conditioners, insulation, and windows.  The credit is there, but there are many changes from the 2009-2010 credit.  See our tax credit summary for information about what qualifies.

[P.S. Don’t forget to claim your credit if you made eligible upgrades in 2010.  We’ve kept information on last year’s credit posted for your reference.]

Thanks,
Mike

LA Times: Energy-efficiency tax credits gutted

December 26, 2010

The LA Times reports what we touched on several days ago.   The extended federal tax credit is much lower in 2011 than is was in 2010.   This is certainly a big step backward in terms of a good national energy policy (a phrase you almost can’t use “national energy NONpolicy” might be better.  But in many states–including California–the outlook isn’t bleak.   In CA, for example, Energy Upgrade CA, is just about ready to kick off in earnest (we’ve already be delivering improvements under the pilot phase.   And as I mentioned last time, many generous state, local, and/or utility incentives still exist or are just coming on line.  Give us a call or visit our website to see how we can help.

And be proactive about it.  While the jobless numbers are still way too high, the U.S. economy has begun its climb–expected to be a long, slow climb, out of the dumps.  And with it, energy prices are climbing.  As reported in the WSJ, pre-Christmans trading saw oil futures climbing above $91/barrel again, up more than 13% since November.  “Several major banks expect prices to reach triple digits next year as demand rebounds with the improving global economy.”    And retail gasoline price are climbing, reflecting a broader impact to consumers.

Dollars invested in energy-efficiency start saving now, and provide even greater protection as energy prices increase.  So while the gutting of the tax credit isn’t a good thing, it’s still the right time to save.  Take the steps now.

Thanks,
Mike

Home Energy Upgrade Tax Credits Chopped in 2011.

December 21, 2010

[Editor’s update, Jan. 4, 2011:  A comprehensive summary of the 2011 energy tax credit with a table listing specifications and dollar amounts for various improvements is now available.]

Included in the tax legislation that Congress recently passed and the President signed is a one-year extension of the federal tax credit for energy improvements to homes.  Unfortunately, it’s significantly less attractive than the 2010 tax credit.  In 2011, there will be an overall cap of $500, with smaller caps for particular items.  For example, qualifying furnaces would only garner a $150 credit.   The WSJ’s Market Watch gives a nice high level view.  The 2011 credit is in sharp contrast to the $1,500 credit you could have received in 2010.  There’s really only one week left to try to take advantage of the much better credit.  If you think you’ll need a new furnace (for example) over the next couple of years, it may be worth accelerating the change–if you can still squeeze it in.

We’ll post a comprehensive view of the details for 2011 on our website in coming weeks, much like information on the current credit available in 2010.

There are still very generous state, local, and/or utility incentives for many of the customers we serve.  Give us a call or visit our website to see how we can help.

Thanks,
Mike


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