Last Minute Tax Credits!

All of the great tax credits that we have been hearing about are going to expire at the end of the year which is why it is a great time to take advantage of these projects now and not later.  All of these changes will pay for themselves over time, you will literally be paying less for energy with these changes and the govt. will most likely cover almost 30% of the costs!!!

  

1. Get an energy audit - this can target problem areas and sometimes are required in order to take advantage of certain energy audits.
2. Re-Insulate - help keep cool air in and hot air out.....or vice versa depending on the time of year.  If you use insulation approved by the Energy Conservation Code the you can have 30% or up to $1,500 off 2010 taxes.
3. Replace old windows & doors - same as insulation, keep what you want in and what you don't wan out. This is a more expensive project but think of it as adding to your home's aesthetics as well as your pocket book.
4. Replace old appliances - Cash for clunkers isn't just for your old cars, check for these deals and always buy Energy Star Rated Appliances.  New energy saving appliances can qualify for a tax credit that is equal to 30% of the cost up to $1,500.
5. Re-Roof - a new roof is one of the best investments you can make for your home. In addition to appliances, there are also Energy Star rated metal roofs.  These roofs have "cooling granules" that help reflect the sun's heat rather than absorb it. 
6. Plan to install a solar water heater - Solar credits were extended to 2016, so if you can't afford it now, don't worry but don't put it off either!
7.  Install a smart meter - By showing you data in real time, you can monitor your usage more effectively.  This will also tell you when it is the best time to run certain appliances when the cost of electricity is low. 

Read a more comprehensive summary on The Daily Green.