Homeowners can access tax incentives and rebates when they upgrade their homes with energy-saving features, helping them save money while also benefiting the environment. These incentives can be used to invest in more efficient HVAC systems, roofing materials, windows, and lighting. Additionally, homeowners may be eligible for a credit on their federal tax return when they make these improvements through the Residential Energy Efficiency Tax Credit. By making energy-efficient upgrades around the home, homeowners can enjoy lower energy bills while helping reduce the environmental impact of their homes. Furthermore, improvements can also add value to the home and provide a return on investment when it comes time to sell. Investing in energy-efficient upgrades is an easy way for homeowners to save money by doing their part in preserving our planet’s resources.
Lifestyle Changes:
In addition to energy-saving investments, homeowners can also make changes to their lifestyle that help save energy. These small steps, such as using natural light during the day, unplugging appliances when not in use, and switching to LED lighting can all add up to big savings over time. Additionally, doing simple maintenance around the home such as keeping air filters clean and checking for air leaks can also help reduce energy bills. Homeowners should also consider installing a programmable thermostat, which allows them to control the temperature of their homes throughout the day and save money on their energy bills.
Federal, State & Local Incentives:
At the federal level, homeowners may be eligible for a variety of tax incentives and rebates when they purchase energy-efficient products. New federal income tax credits are available through 2032 providing up to $3,200 annually to lower the cost of energy-efficient home upgrades by up to 30 percent. Additionally, local utility companies may offer rebate programs that give homeowners financial incentives for purchasing ENERGY STAR-certified products. These incentives make it easier and more affordable for homeowners to invest in energy-saving improvements, while also becoming more environmentally conscious.
By making these important changes around the home, homeowners save money on their energy bills and help protect our planet’s resources. Investing in energy-efficient upgrades now can provide long-term savings and add value to the home for years to come. Homeowners should take advantage of available tax incentives and rebates, as well as make simple lifestyle changes to ensure a more energy-efficient home.