Posts Tagged ‘ARRA’

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

U.S. Senate Examines Green Jobs

July 21, 2009

Senator Bernie Sanders (VT) will be chairing his first green jobs subcommittee hearing on July 21 at 12:00pm EDT.  It will be streamed live on the EPW site – http://epw.senate.gov.  

Meanwhile GreenHomes has new green jobs in CA–I’ll try to get some photos of our guys out in the field there today.

Thanks,
Mike

$1,500 Home Energy Tax Credit Summary and FAQ

June 16, 2009

tax credit imageWe continue to get a lot of questions about the federal home energy-efficiency tax credits.  GreenHomes has collected the most common questions and a summary of eligible measures and criteria in an FAQ page on our website.  Hope this helps.  Of course, feel free to contact us for more info.

Thanks,
Mike

ARRA / Stimulus package $1,500 home energy improvement tax credits (redux!)

March 5, 2009

We continue to get tons of questions about the new $1,500 tax credit available for home energy improvements and included in the stimulus package. Repeating my earlier post, the ARRA includes increased tax credits for 30% of the cost of qualifying improvements up to $1,500 for improvements installed between January 1, 2009 and December 31, 2010.  We have put together an updated summary of the credits and answers to the most common questions we get in an summary page on our website. 

ENERGY STAR also has detailed information on the credits. The Alliance to Save Energy also has a similar summary with notes that complement the ENERGY STAR notes. Good stuff that applies to almost every project that GreenHomes completes!

Thanks,
Mike

$1,500 Home Retrofit Tax Credits

February 20, 2009

As mentioned in my last post, the ARRA includes new and increased tax credits for 30% of the cost of qualifying improvements up to $1,500. ENERGY STAR has put together a good summary of the credits.

Thanks,
Mike

American Recovery and Reinvestment Act of 2009 (The Stimulus Package)

February 14, 2009

Good news on the energy-efficiency front.  With the ARRA now passed and ready to roll, homeowners now qualify for up to $1,500 in tax credits for energy efficiency home improvement projects including:

  • Insulation
  • Windows with U-values less than or equal to 0.30
  • Gas/propane furnaces with greater than or equal to 95% AFUE
  • Gas/propane boilers with greater than or equal to 90% AFUE
  • Oil furnaces/boilers with greater than or equal to 90% AFUE
  • Water heaters with an energy factor greater than or equal to 0.82.

And the cap on the 30% credit for solar thermal/solar hot water has been lifted.

These credits apply for projects in 2009 and 2010.

With a massive increase in the Weatherization assistance program—about 6-fold to $5 Billion over two years—insulation services will also be in big demand.

 

Homeowners can beat the rush, take advantage and the tax credits, and start saving immediately by scheduling improvements NOW.  Insualtion, heating and cooling equipment, water heaters, the right windows, and solar systems, qualify provided you make the right choices.  (GreenHomes’ Advisors can point you in the right direction).  Energy efficiency projects are something that make sense sooner rather than later.

 

Thanks,
Mike


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