Posted in Blog  
  on Aug 14, 2013

9 Federal IRS Energy Efficient Tax Credits for Homes

IRS Energy Efficient Tax Credits

Saving on Making Your Home Energy Efficient


As a homeowner you can qualify for federal tax credits by upgrading your home with energy improvement options. The initial costs of these types of improvements may seem high; however your utility bills over a period of time will actually be lower with a dual benefit of receiving up to $500 in total credits from the government. Certain alternative energy improvements may also qualify for larger tax credits that equal up to 30% of the cost in buying and installing equipment. Here is a listing of what the savings and costs are.

10 Ways to Save


Extra Insulation – Average cost is $400 to $1,800. The resulting savings can be enough to buy a new Keurig.

Metal/Asphalt Roofing – Costs on these are extremely variable.

Wind Turbines – Average cost is between $600 and $12,000.

Solar Energy Systems – The forecasted costs on these systems run between $600 and $5,000. The costs savings can be used to buy a brand new tool set.

Energy Saving Door and Windows – Can cost between $500 and $600, however a new set of knives can be purchased with the savings.

Bio Mass Stoves – Typical cost for these types of stoves are between $1,500 and $4,000. With the savings, you can buy yourself a new recliner chair.

Efficient Air Conditioning – An efficient mode air conditioner can cost between $300 to $4,000 and allow for enough savings throughout the year to purchase your own Christmas tree.

Ventilation – This is something that will help with the circulation of air and can cost an average of $1,000 to $2,000.

Geothermal Heat Pumps – A geothermal heat pump can cost $2,000 to $5,000 but save you enough to purchase a new 42’ Plasma TV.

Appliances – Purchase energy efficient appliances such as a stove or refrigerator to receive additional credit.

Related

5 Landlord Forms that Every Landlord Should Have

When it comes to being a landlord, one should know that it is not for the unprepared individual. This should be clear that being a landlord does not simply mean that you will be taking the rent and... More


Landlord Obligations: The Responsibilities of a Landlord

Becoming a landlord is a major deal and no one can simply get up and think, “well, yes I think I should be a landlord and rent out my flat.” If you are thinking that you would like to be a landlord,... More


The Best Landlord Forums

Landlords and aspiring landlords, do not become as such, without guidance and advice. There is a lot that goes into being a landlord nowadays; in fact, there is so much to learn that it often confuses... More


The Biggest Landlord Problems and How to Fix Them

Renting out an apartment or a house can become a constant revenue source for landlords, but at the same time, it gives rise to several problems. It is a fact that high standards, a strict lease... More


Landlord Tenant Disputes

If you are currently thinking of becoming a landlord only because it helps you have a constant stream of income, you should think twice. It’s not that you should not consider offering your property... More


List of Landlord and Rental Property Tax Deductions

When it comes to paying taxes, most individuals have no idea that they may be paying so much without needing to do so. The same goes for landlords. Why should you or any other landlord be paying more... More


Landlord Advertising Guide: Marketing Your Properties

When you own a rental business and start it from scratch, you know how important it is for your business to reach the people it matters to most. How else would your business flourish and blossom? It... More


How to Handle Tenants from Hell

For a landlord, it is of immense importance to ensure that they only let a qualified tenant to move in. It is however every landlord’s nightmare when they get tenants from hell who make the tenancy... More


Explanation of Tenant at Sufferance

There are many terms and concepts used in the realms of landlording, and when it comes to learning everything in the property business, most aspiring property owners find them in trouble. Most... More


Handling a Tenant Breaking the Lease Agreement

Not all tenants are alike; some of them are good, others are from hell. That’s why one should know the right way to deal with bad tenants. They can be troublesome in the sense that they can damage... More