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Energy Efficient Rebates

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The government has taken measures to make energy efficiency more attractive to the consumer. Energy efficient rebates and tax credits are now available as incentives for making your home, appliances and vehicles energy efficient.

Barack Obama pledged to focus his attention on issues of energy conservation and renewable sources. There are efforts being made to ensure that 25% of electricity comes from renewable sources by 2025.

Consumers who install energy efficient windows, insulation and heating systems can now qualify for 30% tax credit for these improvements.

A tax credit is considered a better option than a deduction because tax credit reduces tax dollar for dollar, whereas a deduction only removes that percentage of tax that is owed.

Consulting the ENERGY STAR website is the best way to get the latest up-to-date information on tax incentives and energy efficient rebates.

ENERGY STAR is a program organized by the U.S Environmental Protection Agency and the U.S Department of Energy.

When purchasing an appliance for the home, always look for the ENERGY STAR sticker as this will guarantee that the appliance qualifies for a rebate. Most rebates for energy efficient appliances range from $50 to $500, depending on the purchase price, installation costs and other variables. Energy efficient rebates for appliances vary from state to state and the facts you need to know for each state are available online and each state publishes its own state rebate information.

Consumers and businesses that buy or lease hybrid gas-electric cars can receive income tax credits. These credits vary depending on the fuel economy and the weight of the vehicle. Cutting the weight of a vehicle reduces the amount of fuel it consumes. A hybrid car uses two engines, one gas and one electric; this means more fuel economy and the best of both types of system.

Energy efficient rebates are big in the solar world. The state of California is leading the way with the California Solar Initiative (CSI). The CSI has a total of $2.167 billion to spend between 2007 and 2016 on incentives for residents installing solar powered systems. The hope for the CSI is to have a total of 1,940 MW of renewable energy and 200,00 solar hot water systems in housing.

The rest of the country has advantages too. Current Federal law is allowing homeowners to claim tax credits of up to 30% of the cost of a solar PV panel system.

There are requirements put in place to ensure high standards of materials and installation before an energy efficient rebate can be given. With regard to a solar water-heating unit, the Solar Rating Certification Corporation (SRCC) must certify the system. This organization was put in place by the solar industry so purchasers can have an independent and unbiased assessment of the systems performance.

Photovoltaic (PV) solar panel systems must meet fire and electrical code requirements and this tax credits can be gained on solar fans as well, as the credit will cover the solar panel part of the design.

With all these energy efficient rebates, tax credits and incentives available it makes the whole world going greener a more viable option. Not only will you get money back in these ways, the energy efficient systems you choose to purchase will, over time, pay for themselves as well.

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