Tag Archives: tax rebates

Rebates and Efficiencies Help Residents Save Energy and Cash

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Mary Morris was wary when she had to pay for an energy audit of her single-family home in the North Park Hill to qualify for an Xcel rebate.

Twelve months later, she’s a convert. Since contractor Casey Staley from REenergizeCO completed an energy audit on her home, which was built in 1948, and performed subsequent improvements last spring, Morris has saved $438 on her energy bill. That’s in addition to Staley finding $1,100 in rebates for a $3,800 project.

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“For $2,700, we got the audit, our duct work in the attic sealed with flexible mastic, and I could sense an improvement in the air quality within 24 hours,” she says.

With that money Morris also insulated the attic as well as a 1,700-square-foot main floor that included a large sun room, and weatherized a nearly 1,500-square-foot “bomb bunker” basement, where Staley added a threshold to her energy-sucking boiler room. The money also went toward purchasing an energy-efficient dishwasher.

Staley, who’s a vetted contractor through Xcel and Denver Energy Challenge, works to make sure his clients receive all rebates possible. He says residents are often unaware of how much money they can save on up-front costs. He added that residents who performed home improvements saw additional savings in their tax returns this year through a federal credit.

“That tax credit is 10 percent,” he said. “If the work is $4,000, you’re getting $400 back from the (feds).”

Morris, who received around $300 back from the tax credit this year, looks forward to a summer where her air conditioner will keep her home at a comfortable 71 degrees. “My husband says the sign of a civilized life is when you’re warm in the winter and cool in the summer,” she says. “And I agree.”

Read more: Rebates and efficiencies help residents save energy and cash – The Denver Post http://www.denverpost.com/smart/ci_23066169/rebates-and-efficiencies-help-residents-save-energy-and-cash#ixzz2RJGD8GPW

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1 Way of 24 Ways to Save Energy Now

#20 of the series

Solar Energy – having a solar energy system installed is a big investment but state or local governments now help finance the costs and can bring the project into homeowners reach.   Go to:  http://dsireusa.org/ to find out what rebates and incentives are available in your state.

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Find Tax Rebates/Incentives for Energy Efficiency in Your State

DSIRE is a comprehensive source of information on state, local, utility and federal incentives and policies that promote renewable energy and energy efficiency. Established in 1995 and funded by the U.S. Department of Energy, DSIRE is an ongoing project of the N.C. Solar Center and the Interstate Renewable Energy Council

Go to:  http://dsireusa.org/  Click on your state and it will show you all the financial incentives in your state.

Disclaimer: For Information and Entertainment Purposes Only.