Complete Guide to Home
Improvement Tax Credits, Discounts and Rebates
Weatherization, Home Star, Cash for Caulkers, Energy Star
and Beyond
The federal
government has expanded the scope of energy efficiency incentives for
Energy Star Rated home renovations, home improvements and appliances. A
30 percent federal tax credit, various Energy Star rebates, state energy
efficiency tax credits, and appliance rebates through
participating local contractors can really add up, making this a great time to
improve the energy efficiency of your home.
Eligible Home Improvements
The government is offering a federal rebate of up to
$3,000 on energy-efficient home upgrades under the Home Star Program.
These include eligible insulation, roofs,
central air and heating, as well as
windows
and doors. Your local utility and government entities may also offer
additional rebates for energy-efficient home upgrades.
Rebates of $1000 - $3000 and up to 50% of cost are available
through local contractors.
Get Free
Home Improvement Estimates From Local Contractors
Call 877-775-3495
Rebates Vary by Location
In addition to federal energy rebates, each utility or state has specific
requirements and terms for rebates for local homeowners. Your local utility
or government agency may offer rebates or tax credits. For example, in
Minnesota, rebates range from $30 for a Seasonal Energy-Efficiency Rating
(SEER) 13 central air conditioner to $330 for a SEER 16 model. In warmer
climates like Texas, rebates range from $200 for a SEER 14 central AC unit
to $600 for a SEER 18 model.
Important To Act Quickly
Remember last year's Cash for Clunkers
program? That program ran out of funding within days of becoming law.
Don't miss out on this year's cash rebate program. To take advantage of the
government incentives to update your home, you'll want to act quickly.
You can contact your local officials for details or
get free quotes from
participating local contractors.
Financing Your
Home Star Improvement
The Home Star
Program provides an incredible 50 percent reduction in the cost of your
project but many people may need a little help with the balance. Money is
available even in today's economy if you know where to look. In fact, rates
are at all-time lows. You may want to
investigate home improvement lenders on your own.
Don't forget to
ask your contractor about financing. Home improvement contractors often
provide financing with better rates and more flexible terms for their
customers. Some of these home project loans are interest free or may require
no payments for many months.
Get quotes from local
contractors
and ask about financing options.
Home Appliances
The "Cash for Appliances" program
provides incentives to anyone who wants to upgrade home appliances to the
latest energy-efficient environmentally-friendly models or make energy
efficient home improvements. You don't have to trade in your old appliances.
You will simply receive a rebate when you buy a qualifying new appliance.
To get the most
from your remodeling and home appliance rebates on products like hot water
heaters, built-in appliances or anything that may require professional
installation, you'll want to get quotes from local
kitchen,
appliance, and
bath
contractors certified to install energy efficient appliances in your
area.
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Find Participating Dealers
for the $4500 "CARS" Rebate
Some car dealers are extending the 2009
deadline on the 2009 Cash for Clunkers program with special rebates of
their own.
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