Posts Tagged ‘rebates’

Energy Efficient Tax Credits For 2011 and 2012

March 20, 2012

It’s that time of year again, and although we have written about Energy Efficiency tax credits for 2011 before, if you had work done this past year, it might be time to review.  You can also go to our learning center for solutions to common problems we fix in homes just like yours, as well as links to our franchise locations; they can provide details about incentives available in their area.

Many of the federal tax credits ended in 2011, but not all of them.  What will continue for 2012, are credits for some renewable energy systems.  Solar water heating and photovoltaic systems, small wind systems, and geothermal heat pumps, are all eligible measures through 2016.  If you are thinking of alternatives, consider our interactive online home to get a better sense of whether or not these types of improvements are really what you need this year.

Alternative energy systems can be expensive, and it often makes the most sense to install them in homes that are very efficient from the start.  You might be surprised by what some simple measures can save you money.  Tax credit or not, insulation, air sealing and efficient heating and hot water systems can pay for themselves in short order.  Simple measures that cost less and save you more!

Thanks,

Jason

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

Getting a charge out of (and into) electric vehicles in California

July 26, 2011

The times they are a changin’.  And the cars they are a chargin’!

Our sister company, Linc Lighting & Electrical, has installed the first electric vehicle (EV) charging stations of their kind in downtown Laguna Beach, California, as part of City’s wider effort to implement an array of climate protection measures.   The EV charging stations were officially unveiled at a June 21 press event conducted by the Laguna Beach City Council and attended by my colleagues at The Linc Group. 

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An EV charging station in Laguna Beach--A state-of-the-art Coulomb system installed by Linc Lighting & Electrical

“We are proud to be a part of this sustainability initiative in partnership with the City of Laguna Beach,” said Ken Sapp, vice president of Linc EnergyHub. “The Linc Group is strongly committed to providing superior, sustainable services to all of our clients across all of our service areas, including IT, electrical, lighting, controls and HVAC. We also are pleased to have the opportunity to work once again with Coulomb Technologies to help deliver leading sustainability solutions.” 

LLE is also installing charging stations for Nissan Leaf purchases and supporting business locations. 

I’m particularly excited by the in-home installs.  We have the ability, with our GreenHomes Partner locations in San DiegoFresno, and Hayward to work hand-in- hand with LLE, not just with charging stations, but to look at the whole house and find ways to save energy–offseting the electrical consumption of the car!  That’s a huge deal.  And the Energy Upgrade California incentives help pay for the home improvements.  Less gas, less smog, lower utility bills, and money back!  It’s a quadruple win!

You don’t have to buy an electric vehicle to start saving in your home and taking advantage of the cash back rebates.  And the funny thing is, the improvements make sense even without the rebates.  You wind up with a more comfortable, healthier home with lower utility bills.  Good stuff!

Cheers,
Mike

New Jersey Residents, Act Fast! Clean Energy Program Bumps Incentives Up to $5,000!

July 8, 2011

The New Jersey Clean Energy Program’s Home Performance with ENERGY STAR initiative already has among the most generous incentives in the country, and for the summer, there running a promo offering even bigger incentives.   During the summer promo, New Jersey homeowners can  receive up to$5,000 in financial incentives and may qualify for 0% interest financing (up to $10,000) when they have energy-efficient upgrades performed on their home.  That is up to $1,000 more than the regular offer!

You must use a participating BPI Accredited Contractor to qualify.  Contact Princeton Air (866-766-8611) to schedule your home assessment.   The promotion runs through the summer, but the future of the whole program is uncertain.  Best to act quickly to avoid missing the incentives, the financing, and to more your home more comfortable and start reducing your utility bills today.

Yes, Virginia, there are energy improvement rebates.

March 23, 2011

Energy Efficient Solutions, A GreenHomes America PartnerWe mentioned partner Energy Efficient Solutions while talking about their great crawlspace work the other day.  Well, they can help you tap into some of the great rebates available on cooling and heating equipment still available in Virginia, right now.  But likely only if you act fast.  There are still Recovery Act rebates in place for heat pumps, furnaces, and water heaters.  And there is a home retrofit program on the streets in the Hampton Roads area.  In many cases, these are in addition to already existing utility rebates–up to $5,000!  But as we’ve seen on most other states, these funds will probably be used up quickly, within weeks or months.   It’s first-come, first-served, and when the money’s gone, it’s gone.  Don’t miss out.  [Call Energy Efficient today to get your place in line!]  Whether rebates or tax credits or both, depending on your project, now is the time.

Summary of 2011 Home Energy Improvement Tax Credit Now Available

January 5, 2011

As noted earlier, the federal energy efficiency tax credit has been extended through 2011, but the federal government has significantly changed the credit limits and eligibility requirements.  And we’ve been getting a lot of questions about this.  So let’s try to clarify things.  Here’s how it looks in 2011.

For measures installed between January 1, 2011 and December 31, 2011, the credit is generally 10% of costs on qualifying energy efficiency improvement measures, up to a maximum of $500.  However, special limits have been put on certain qualifying equipment and measures.  For example:

  • 10% up to $500 for insulation, roofs, and doors
  • High efficiency furnaces and boilers – $150
  • Air-Conditioners and  heat pumps – $300
  • Main air circulating fans – $50
  • ENERGY STAR Windows – 10% capped at $200
  • Energy efficient water heaters – $300

The $500 cap will apply to anyone who received the credit from Jan. 1, 2005 to present. Thus, if you’ve claimAsk your GreenHomes Advisor for information of the 2011 Tax Creditsed a cumulative credit of $500 or more since Jan. 1, 2005, you won’t be eligible for the 2011 extension.  If you’ve claimed less than $500 cumulatively, you are eligible for the difference with qualifying measures.  Check out our more complete summary of the 2011 credits and FAQ for further details.

Certain renewable energy tax credits for solar PV, solar hot water, and geothermal, for example, remain in place at 30% of cost, with no cap.

[Note: 2009-2010 tax filers, the 2010 tax credit information is still available—don’t forget to claim any credits you’re eligible for when you file your 2010 tax return.]

Thanks,
Mike

State and Local Incentives

November 10, 2008

Speaking of the tax credits (I mentioned the renewed federal tax credits in my last post), there are a variety of state, local, and utility incentives, credits, rebates, etc.  Way too many—and being changed too often—for me to list here. 

Fortunately, the Database of State Incentives for Renewables and Efficiency (DSIRE) keeps track of incentives throughout the U.S.  The website is updated frequently and it contains information on energy-efficiency and solar (and other renewables) incentives. With this easy to use tool, you don’t have to scour through numerous lackluster government websites full of environmental jargon. 

Check it out and make sure you’re taking advantage of the money, loans, and other help available to you.  (We do this for our customers.)

-Mike


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