Do you want to upgrade your heating system but fear the high costs of purchasing and installing a modern system? If so, take a deep breath: there are a variety of funding sources to help offset the cost of installing new, energy-efficient appliances and systems in your home. For many people these tax credits and rebates can help you make important changes to an antiquated system without having to pay the full sticker price of new appliances and home improvements. Here are just a few examples of funding sources that can increase your financing options and allow you to make needed changes to your home.
Tax Credits for Solar Utility by the Federal Government
Having recognized the need to encourage energy-efficiency in American homes, the federal government is offering a thirty percent tax credit to homeowners who install solar power systems on their property. It is possible that the credit will entirely compensate for the cost of the upgrade. In order to make the most of this credit, be sure your taxes are up to date. Also, be sure that the equipment you use in the renovation is approved by the Solar Rating Certification Corporation (SRCC) if you’re planning to make use of this credit. If you’re interested in an upgrade and have questions about the process, contact a solar specialist in the Sacramento area, who can help you make the best decision about a solar-energy upgrade. For more information on upgrades and tax credits, you can check Solar Roofs.
Rebates on New Energy-Saving Appliances at Home
If you decide to install new energy-efficient appliances in your home, you may be eligible for up to $3200 in rebates and savings. About $950 of that comes from rebates, plus a $500 tax credit. This can help offset the purchase and installation cost of a new air conditioner, heater, or furnace. Aside from the initial credits toward acquisition and installation, you can also save quite a bit on your utility bills with newer, less wasteful equipment. More modern systems also add value to your home.
Rebates for an Energy Upgrade in Your Home in California
The state of California also offers incentives for homeowners looking to make energy-efficient upgrades. Useful improvements include new attic insulation, duct sealing, a thermostat shut-off regulator, hot water tube insulation, and installing a carbon monoxide detector. To earn these rebates, contact a contractor who can assess your home and determine a plan to improve it. He can also help you ask for a rebate for the necessary modifications. More information can be found at Energy Savvy. There are many specialists in the Sacramento area who can help you determine which upgrades are needed and how to get these very useful rebates.
The California state government is dedicated to encouraging its residents towards greener, more energy efficient utilities and appliances. There are many financial options on the city, state and federal level to help you and your family afford safe, efficient upgrades to your home. If you have questions, don’t forget you can always just ask us.