This year the Federal Energy Tax Credits have changed. For many investments the tax credit is now 30% of the installed cost up to a maximum of $1,500.

What this means is that a homeowner installing the qualifying items will receive almost a third of the cost back as a tax credit.
Items include:

-High efficiency gas furnaces
-High efficiency Air Conditioning
-Tankless water heaters
-Insulation
-Storm Doors and Windows

Many of the homes in Emerson Heights still have older gas furnaces that are only 65% efficient rather than the 92-95% efficient that are common today. Most of our homes only have a few inches of attic insulation as well. Blowing in cellulose attic insulation is potentially even a DIY job.

If your utility bills are excessive, you may want to consider taking advantage of these tax credits—particularly if you need a new furnace, water heater, or air conditioning anyway.

In addition, Citizen's Gas is offering rebates on high efficiency gas appliances.

The State is also offering rebates on efficient heating and air conditioning.

Be sure to review the specific efficiency requirements as well as talking to your tax adviser so that you understand what is covered by this credit.

Details on the Federal Energy Tax Credits

Go to "Emerson Heights-A Green Neighborhood"