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	Get rebates and credits to help pay for your project

Federal, state, and local governments, as well as local utilities, are currently offering many financial incentives for energy efficiency upgrades.

Our experts can help you identify and receive all of the rebates, credits, and financing for your project. Click on the sections below for more information:

Federal Tax Credits

Federal Energy Tax Credits

    • What: 30% of cost, up to $1,500
    • When: Project must be completed by December 31, 2010
    • Where: Existing primary residence

For a limited time, the Federal Stimulus Tax Credit gives you a credit of 30% of the cost of qualified energy-efficiency improvements to your primary residence (up to $1,500) made from January 1, 2009 through December 31, 2010. For improvements such as insulation, the tax credit covers 30% of the cost of materials up to $1,500.

To qualify for the tax credit
• Energy-efficiency improvements must be installed from January 1, 2009 through
December 31, 2010

• Improvements must be for taxpayer's principal residence

• $1,500 is the maximum total amount that can be claimed for all products placed in service
in 2009 & 2010

• Save your receipts and the “Manufacturer Certification Statement” for tax
record keeping purposes

• Improvements made in 2010 will be claimed on your 2010 taxes (filed by April 15, 2011) —
use IRS Tax Form 5695

• Insulation must meet 2009 IECC (& Amendments) specifications: primary purpose must
be to insulate the attic, walls, ceilings or other parts of the building shell

• For more information, visit the U.S. ENERGY STAR website or simply request a FREE
consultation with our local experts.

• Note: This summary is for informational purposes only and should not be considered
official tax information. Please see the IRS web site for official tax guidance.

• IRS Notice 2009-53 Interim guidance for Section 25C: Nonbusiness Energy Property

• IRS Notice 2009-41 Interim guidance for Section 25D: Credit for Residential Energy
Efficient Property

Federal Energy Renewal Tax Credits

    • What: A 30 percent tax credit on solar energy systems, geothermal heat
      pumps, and small wind turbines. Primary residences and second homes
      qualify. There is no cap on how much you can claim.
    • When: Project must be completed by December 31, 2016
    • Where: Existing primary residence

File IRS form 5695 with your taxes for the year in which the work is completed. Credits are not limited by the AMT. Keep a copy of the Manufacturer's Certification Statement and all receipts and itemized bills. If you completed your project in 2009 and didn't claim the credit, you can file an amended return for 2009.

For more information about Federal tax credits for energy efficiency products and renewable energy systems for your home, download the DOE Fact Sheet

State and Local Utility Incentives

Appliance Rebates in Your State

Financing an Energy-Efficient Home

You can benefit from energy-efficient financing whether you're buying, selling, refinancing, or remodeling a home. You may qualify for a larger loan because of the savings you can expect from the energy efficiency upgrades. While calculating whether a borrower qualifies for a mortgage, a lender can recognize these savings and add the cost of the improvements into the mortgage. Or, if the home is already energy efficient, the lender can stretch the debt-to-income qualifying ratio, which is expressed as a percentage (the ratio is calculated by dividing a borrower's monthly payment obligation on long-term debts by the borrower's net effective income or gross monthly income). And if your selling your energy-efficient home, you can use its energy efficiency as an attractive selling point.

Energy-Efficient Financing Programs
You can apply for energy-efficient financing through a government-insured or conventional loan program. Some states even have programs for their residents, so it's a good idea to contact your state energy office. Here are two types of energy-efficient mortgages (EEMs): one for a new home and one for an existing home. With an EEM, you can purchase or refinance a home that is already energy efficient, or you can purchase or refinance a home that will become energy efficient after energy-saving improvements are made. Most energy-efficient financing programs offer both types of EEMs, as well as home-improvement loans for making energy-efficiency upgrades to your existing home.
Home Energy Rating
Most energy-efficient financing programs will encourage you to have an energy rating for your new or existing home, which will tell you and the lender how energy efficient it is. A rating typically involves an inspection by a professional energy rater who is certified under a nationally or state-accredited Home Energy Rating System (HERS). The type of HERS used will depend on where you live. For the most part, an energy rater will inspect the energy-related features of a home, including insulation levels, window efficiency, heating and cooling systems, and air leakage. After the inspection, the energy rater will probably give you a report that includes the home's energy rating, along with an estimation of annual energy use and costs. The report also may include recommended energy improvements, if needed, and their costs, as well as the potential annual savings and eventual payback of the improvements. To help qualify for most energy-efficient financing, the report usually must show that the home is energy efficient or that recommended improvements are cost effective. Ultimately, any improvements will save you more money than the cost to install them.

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