Changes to Foreclosure RulesMay 18, 2010
Brazos Valley: Is It Time for A Check-Up?May 20, 2010
I recently discussed the cost and energy saving benefits to upgrading the appliances in your home. However, the appliances comprise just one area of many that can be improved upon in your home. With the current stimulus package, there has never been a better time for members of the Bryan/College Station community to invest in energy-conserving upgrades. Billions of dollars are being made available to homeowners who want to bring down their energy bills. Here is a rundown of how you can save:
- Weatherization Assistance Program – allows as much as $6,500 to seal up a house for income-eligible homeowners. This is excellent for the sometimes alarmingly rainy College Station summers.
- Tax Credit for Energy Star approved appliances – as much as $1,500 per household.
- Tax Credit for Insulation – must meet 2009 standards; as much as $1,500 per household. Insulation is extremely important in BCS if we want to see lower energy bills during the hot summer months.
- Tax Credit for Roofing – any metal or asphalt product with an Energy Star rating qualifies; the IRS will give back 30% of the cost (capped at $1,500).
- Tax Credit for HVAC – homeowners can claim the cost of installation, as well as the price of the products up to $1,500. With the Brazos Valley summer heat quickly approaching, now is the perfect time to look into your AC unit!
- Going High-Tech Green – this tax credit will cover 30% of cost + installation with no upper limit. Eligible systems include solar water heaters, solar panels, geothermal heat pumps, and wind energy systems.
In short, homeowners could receive thousands of dollars if they invest in any of these home improvement projects. Consider an energy audit, which provides a detailed report of the energy efficiency of a house, before making your choice.
Clay Lee – Realtor
Century 21 Beal, Inc.
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