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If lately, you’ve been looking around your house while thinking about doing a bit of upgrading, hopefully some of the things on your list include making some eco-friendly home improvements. Whether it’s painting your walls with low VOC paint, installing a programmable thermostat, or getting a low flow showerhead, these are all basic home improvements that will not only help your home to operate in a more efficient way but can also save you quite a bit of money too.
Yet did you know that when it comes to certain eco-friendly improvements, there are things you can do that will actually qualify you for a series of energy tax credits? If you’re curious to know what those things are, we’ve enclosed five of them for you below:
Get a metal roof. If it’s time for you to get a new roof, have you considered going with a metal one? Aside from the fact that it helps to shield your home from UV rays, it’s also the kind of roof that is extremely low maintenance, plus most of them come with a warranty that lasts for close to 50 years. As far as the tax credit, you can get 10 percent off up to $500.
Get some new doors and windows. There are a lot of people who end up spending more on their energy bills and they’re not sure why. Oftentimes it’s due to the fact that there are small holes and cracks in their windows and doors or they are not properly insulated. One way to fix this issue is to have some Energy Star approved doors and windows put in. For doors, you can get 10 percent off of $500; for windows, 10 percent off of $200.
Get a complete solar energy system. If you want to significantly reduce the amount greenhouse gases that are emitted into the air along with decreasing your monthly utility bills, consider getting an entire solar energy system. If you’re concerned about the upfront costs, the good news is that once it’s installed, the IRS will give you 30 percent back off of your total costs (no matter what the total is).
Get a new HVAC unit. Do you have an old furnace? If so, how about replacing it with one that is made from natural gas, propane, or oil? Not only will it help with your home indoor air quality but so long as it has an Annual Fuel Utilization Efficiency of more than 95, it also makes you eligible for a credit of $150. Another thing to keep in mind is if you upgrade your central heat and air to a “green” model, you can get $300 back. Also, if you put in an advanced main air circulating fan, that can get you a $50 tax credit too.
Get another water heater. Finally, if your water heater appears to be on its last leg, the good news is this: If you replace it with a water heater that is made out of gas, oil or propane, you can get a tax credit of $300. If you would prefer an electric heat pump water heater, you can get back the same amount. And to get that much of a tax credit and also have your energy costs reduced by as much as 30 percent, there’s simply no reason not to make that kind of home improvement. Just as soon as you possibly can.
photo by:
State Farm