Saving Money with Energy Efficiency Incentives and Tax Credits
ENERGY STAR and the U.S. Department of Energy are continuing to offer tax credits and incentives for energy-efficient appliance and renewable system purchases. If you’re moving or recently relocated, Allconnect is a resource for establishing electrical, water and natural gas services for your home. Check out Allconnect to compare natural gas and electric prices and service packages that are available in your area, and then continue reading to see how you can save even more money. (Note: Allconnect does not offer comparisons in all regions).
The Database of State Incentives for Renewables & Efficiency (DSIRE) is a comprehensive source of information on state, local, utility and federal incentives and policies that are available in your city, county and state. DSIRE allows you to search by state to see what incentives and credits are available in your area. Incentives and credits vary by city, county and state so double check with the DSIRE website to see how to take advantage of the offerings.
The federal government also offers incentives and credits for personal and residential properties, including the following:
- Residential Energy Conservative Subsidy Exclusion
- Residential Energy Efficiency Tax Credit
- Residential Renewable Energy Tax Credit
Beyond the above mentioned tax incentives, ENERGY STAR also offers tax credits and rebates for purchasing energy-efficient appliances. Appliances must be approved for rebates and tax credits, check ENERGY STAR’s website to see if your purchases qualify. In addition to rebates, some states offer tax-free weekends on energy-efficient appliances, such as washers/dryers, dishwashers and air conditioning units. Purchasing additional energy-efficient products or renewable energy systems may qualify you for tax credits, as well. ENERGY STAR’s website outlines how to check if your appliances and systems qualify and how to apply for tax credits.
Whether you’re a new homeowner or a seasoned owner, taking advantages of tax credits, rebates and incentives on energy-efficient products and renewable energy systems is an easy way to keep some extra cash in your bank account. Review the ENERGY STAR website, to explore the different ways you can save, both up front and long term, with energy-efficient products.
Allconnect is a free online resource to review and compare the costs and choices for essential home services, including utilities, high speed Internet, phone, cable TV, satellite TV, and home security services.