Tax Credits and Rebates
The American Recovery and Reinvestment Act of 2009, also called the stimulus package, allows a tax credit of 30 percent of the cost of small improvement projects, up to $1,500. This includes window, door and roof replacements, insulation projects and replacing old appliances with more efficient ENERGY STAR models.
The Recovery Act also allows homeowners to take $1,500 tax credits each year through 2016 for up to 30 percent of qualifying “advanced greening” projects, including geothermal heating systems, wind-powered homes and solar water heaters or panels.
Another federal option for green improvements is the FHA Energy Efficient Mortgage program. This program allows homeowners to borrow money at very low rates to make ENERGY STAR upgrades, add solar or geothermal power, or make other specified green improvements to their homes. Many states offer property tax exemptions, free or expedited building permits and other benefits to homeowners who install green features.
Ohio Residents
Reserve Your Appliance Rebate Now
As part of the American Recovery and Reinvestment Act, the state of Ohio launched its Ohio Energy Efficient Appliance Rebate Program on March 26, 2010. The program will provide cash rebates to Ohio residents for the purchase of eligible ENERGY STAR appliances.
In order to assure rebate funding will be available when eligible appliances are purchased, Ohio residents are strongly encouraged to reserve their rebates online or by phone prior to purchasing their new appliances.
For full information about the program’s eligible appliances and rebate requirements – or to make rebate reservations – go to www.OhioApplianceRebate.com. Call 1-888-686-8896 to make rebate reservations by phone.
Resources
Incentives by State
Federal Tax Credits for Energy Efficiency
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