Saving The Environment While Saving Money
Are you looking for a way to be kinder to the environment while also saving some money? The good news is that there are plenty of great incentives for making your home ecofriendly.
Saving Energy
The most obvious advantage to installing ecofriendly additions to your home is the fact that they save energy which ultimately save you money. Of course installing ecofriendly technology isnt necessarily cheap. Therefore it may take some time before you save enough money to compensate for the initial installation. If you plan on staying in the home for many years however the cost of installation will certainly be wellworth it. In addition if you are building a new home installing ecofriendly technology may not be much more costly than installing the alternatives. Nonetheless the United States government has taken some steps to help offset the cost of going environmental.
Federal Rebates for EcoFriendly Housing
The United States government has made it far more practical and attractive to install ecofriendly technology. Currently the United States government offers energyefficient rebate incentives such as:
A tax credit of 10 toward the price of purchasing energyefficient products with a value of up to 500.
Up to 30 tax credit for installation of solar panels with a maximum credit of 2000.
A tax credit of up to 30 tax credit for installing a solar water heater with a maximum of 2000.
There are certain restrictions that must be adhered to in order to receive these credits so it is best to check into these restrictions before making a purchase.
State Rebates
In addition to the federal rebates associated with ecofriendly technology each state also offers its own incentives. In Texas for example home owners can receive a rebate for installing solar paneling.
California also offers an attractive rebate program. In fact if they purchase a Skystream 3.7 wind turbine they can receive a 41000 rebate. Not only will they save with the rebate this turbine can generate anywhere from 3080 of the power that a typical home requires.
In many states a number of factors are used to determine the amount of the rebate you can claim for your ecofriendly additions. In New Mexico for example homeowners can enjoy a personal tax credit for installing a variety of energy efficient devices. These include solar water heaters passive solar space heaters and more. The amount of the credit however is based on the square footage of the home as well as on the certification level of the energy efficient device.
When it comes to saving money while installing environmentally friendly gadgets in your home it is a good idea to check with your state in order to learn more about available credits and rebates. Although changing out your technology to make it ecofriendly can be a bit costly these credits and rebates can make it far more affordable.
About the writer: This article was written by Shannon Kietzman www.ShannonKietzman.com on behalf of Regent Property Group www.RegentPG.com home and office real estate specialist in the Austin real estate market. Regent offers turnkey commercial and residential real estate services to buyers and sellers of homes in Austin and to professionals in need of commercial space in Austin Texas.
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