Fredericksburg SHINES

Leading the Way in Sustainability

Maximizing Tax Savings (and Other Financial Incentives)

We are all doing what we can to save energy. But if you’re like me, your wallet may have gotten a little tighter this year and the thought of investing in new appliances or energy sources may not make the most economic sense. Luckily, our government is hopping on board the energy train! Now more than ever, your upfront investments in energy efficient items and services are relieved by monetary incentives through private companies or government agencies.
  

ENERGY STAR qualified home

Getting started
Newer appliances are increasingly becoming more energy efficient; ENERGY STAR is a brand that you can have confidence in when making your eco-minded purchases. It also happens to be a brand that is attached to a significant amount of incentives and rebates.

Are you in the market for a new car? Windows and doors? A roof? No matter your project, and as long as it is in the spirit of energy efficiency, there is an eco-incentive out there for you! Home builders, harnesser’s of wind power, upgrading windows and doors and new heating and cooling systems and more!; the government is providing rebates of up to 30% of the total cost of many of these projects!

Small steps

  • Buy ENERGY STAR products if you’re in the market to buy a new appliance! Each of their products are clearly marked to show how much energy it uses yearly in both watts and dollars!
  • Talk to your tax professional, Getting rebates from the government can be a tricky, paper filled, time sensitive process. Sometimes it is best left to a professional to ensure that you get your maximum rebate!
  • Look for rebate stickers on your new product, It’s easy to overlook, but take a good look at the packaging of your new purchase, there might be some crucial information on how you can get rebate monies back from the manufacturer. Also, look in local newspapers which sometimes contain information on special rebate offers.
  • Keep up to date with your utility providers policies, Many across the country have started offering rebates for switching to high efficiency appliance, installing newer insulation, water saving efforts, or any number of things.

Suggested web links
http://www.dsireusa.org   A comprehensive source of information on state, local, utility, and federal incentives and policies that promote renewable energy and energy efficiency

http://www.conservationrebates.com   A listing of conservation rebates

http://www.energystar.gov   Comprehensive information about ENERGY STAR products

http://www.energy.gov   Check it out! The American Recovery and Reinvestment Act extended many of the energy rebates!

http://ase.org/content/article/detail/2654   The Alliance to Save Energy Web site provides some excellent information about tax credits for energy saving homes and vehicles.

contributed by Andrea Lewis | Masters of Urban Planning and Policy Candidate | 5/8/2009

  

Leave a Reply