Posts Tagged ‘home improvement tax credit’

New Home Buyers–Turn $6,500 to $8,000

November 11, 2009

Here’s great idea from, Laura Reedy Stukel, an enlightend real estate agent in suburban Chicago.  New home buyers can parlay the new homebuyer tax credit into energy-efficiency improvements, and squeeze out up to an addtional $1,500 in home improvement tax credits–and gain a more comfortable and energy-efficient home in the process.

Thanks,
Mike

Winter Savings and Federal Tax Credits

October 18, 2009
Draft Form 5695 is available

Draft Form 5695 is available

In addition to the questions on winter energy savings which are starting to pour in, we’re still getting a lot of questions on the federal tax credits for energy-efficiency improvements.   We’ve provided answers to some of the common questions and a summary of the credits on the GreenHomes website.  The IRS still hasn’t issued the final form, but the draft of IRS 2009 Form 5695 for “Residential Energy Credits” is still availabe.

Thanks,
Mike

GreenHomes is Hiring

July 26, 2009

Please pardon the ad, but I thought this might be of interest to you or someone you know.  Although the economy hasn’t bounced back completely yet, a lot of people are recognizing the importance of and value of improving their homes.   The $1500 federal tax credits for insulation, furnaces, air-conditioners, windows, and more certainly help.  And from an ROI perspective, investing in energy-efficiency can be one of the best investments to make right now.

As such, GreenHomes is busier than ever and accepting applications in Syracuse, Princeton, Northern New Jersey, and LA and Ventura counties in California.   Additional locations coming soon.  We’re looking for Advisors, Shell Technicans, HVAC Technicians, Certified Solar Installers, and more.   This is a great place for someone who likes the idea of more homes safer, more comfortable, and more energy-efficient, and who is looking to play a role in the country’s clean energy future.   See  GreenHomes for more info.

GreenHomes is Hiring!

Oil Prices Dip Below $60/barrel

July 9, 2009

Oil prices–when they’re up, they’re up, and when they’re down, they’re down, and when they’re only halfway up, they’re neither up nor down.

There are people betting prices will go one way or the other.  I’d rather bet that I’ll use less by investing in energy-efficiency.

And even as the U.S. considers limits on speculation (today’s NY Times), I think we can count on oil prices jumping around–and moving up–in the long term.   The long term drivers in increased demand in China and India and decreasing supply remain in place.  And short term problems caused by hurricanes, wars, and other unpredictable events will continue to impact prices.  One certainty is that prices will be uncertain. 

Thanks,
Mike

Volatile Oil Prices Cause Uncertainly

July 6, 2009

A NY Times story today talks about the volatility in oil prices, including the impact rollercoastering oil prices have on consumers’ and businesses’ abilities to predict costs.  Whether in their homes, or in their businesses, people like to know what to expect.  Oil moving between $50 and $150 per barrel makes that difficult.  But there is a way to rein that uncertainity in–and get bigger returns for doing it, standing the risk/return tradeoff on its head.  And as goes oil, so goes gas and electricity, even if those changes get smoothed out a bit be utility regulatory processes.

Let’s say you heat with oil (could be gas–or we could be taking about electricity and A/C).   If you spend $1,500 per year at “normal” prices, but that could double to $2,500 per year, you’re looking at a large swing–up to an additional $1,000.  Now let’s say you improve the efficiency of your home by 50%, reducing your “normal” costs to $750.  If prices spike, your bill goes up to $1,250–still less than you’re paying now, and $1,750 less than you’d spend on energy in your current inefficient house!  And if prices don’t spike, you save $750/year.

You cannot control wars in the Middle East, bickering between Russia and Europe over natural gas pipelines, oil price speculation, or hurricanes that disrupt production.   You cannot control the price of oil, gas, or electricity.  But you can have an enormous impact on how these prices affect you.  The choice is to ride the stormy seas and risk getting sunk–or protect yourself from changing prices.  It’s better than insurance though, because you save if energy prices go up, and you save if they don’t!  That’s just plain smart.

So how does reducing your home energy use by 50% sound?

Thanks,
Mike


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