The average household spends over $2,000 on home energy costs each year. By spending a little extra and buying energy efficient products, you can reduce your home's energy costs significantly. But if it costs money to save money, is it really worth it? With up to $1,500 annually in federal tax credits and energy programs brought to you by your local utility companies, there are many ways to make up the extra cost difference. You've just got to know where to look, and we start you off on your quest to save money.
The government-run Energy Star website has a list of what's included in the tax credit, so make sure to check out the website for details.
Biomass Stoves: $300
Air Source Heat Pumps: $300
Central Air Conditioning: $300
Gas, Propane, or Oil Hot Water Boiler: $150
Natural Gas, Propane or Oil Furnace: $150
Insulation: 10% of the cost, up to $500
Roofs (Metal & Asphalt): 10% of the cost, up to $500
Gas, Oil, Propane Water Heater: $300
Electric Heat Pump Water Heater: $300
Windows, Doors, Skylights: 10% of the cost, up to $500, but windows are capped at $200
Also check with your utility companies as they often list available rebates and discounts. Many also provide savings programs with smart meters and other ways to reduce energy usage (and lower your bill!).
- PG&E Save Energy & Money, PG&E Rebates For Your Home
- Pepco Energy Savings Programs
- Dominion Energy Conservation Programs
Energy Efficiency at Unplggd:
- What is ENERGY STAR & What Does It Do For You?
- The Heating System That Can Save Young People Money
- Green Home Technology Draws New Buyers
- EcoSmart Fireplace Lets You Move Your Heat Around