Tuesday, May 6, 2008
Paying for "greening" your home
As of December 31, 2007, the federal tax credit incentives for installing energy-efficient windows, insulation, HVAC systems, etc. expired. Our current federal government has not yet re-instituted any of these incentives. Hopefully, this will be corrected (and post-dated, if we're lucky). Meanwhile, if you want to keep track of possible financial incentives, check out the federal, state, and local government programs to see what is available to you. They do change from year to year, so be sure to check often. We found that it is possible to install advanced & efficient systems that, after tax credits or other incentives, cost practically the same as a standard installation would have cost. After that, energy savings into the future are "gravy" and we are all doing what we can to reduce our impact on the planet. Besides, when you are ready to sell your home, you have some very positive selling features! Here are some sites that can help identify financial incentives: Federal - www.energytaxincentives.org Maryland - http://dsireusa.org/library/includes/map2.cfm?CurrentPageID=1&State=MD&RE=1&EE=1 This site (the home page, which covers the entire US, is www.dsireusa.org) also has links to federal programs and local programs, so the Montgomery County program is linked, as well. Montgomery County - http://www.montgomerycountymd.gov/deptmpl.asp?url=/content/dep/rewards.asp Currently, this site is showing that the Energy Rewards program is out of funding. However, it has a lot of useful links to energy programs with Pepco, etc., and could be a future source of incentives. I wouldn't rule it out. Be sure to post any comments if you have any additional ideas.