Posts Tagged ‘2010’

Yes, Virginia, there is still a federal home energy tax credit

February 19, 2011

I mentioned this several weeks ago, but we’re still getting A LOT of questions on the 2011 energy-efficiency tax credit for things like furnaces, air-conditioners, insulation, and windows.  The credit is there, but there are many changes from the 2009-2010 credit.  See our tax credit summary for information about what qualifies.

[P.S. Don't forget to claim your credit if you made eligible upgrades in 2010.  We've kept information on last year's credit posted for your reference.]

Thanks,
Mike

LA Times: Energy-efficiency tax credits gutted

December 26, 2010

The LA Times reports what we touched on several days ago.   The extended federal tax credit is much lower in 2011 than is was in 2010.   This is certainly a big step backward in terms of a good national energy policy (a phrase you almost can’t use “national energy NONpolicy” might be better.  But in many states–including California–the outlook isn’t bleak.   In CA, for example, Energy Upgrade CA, is just about ready to kick off in earnest (we’ve already be delivering improvements under the pilot phase.   And as I mentioned last time, many generous state, local, and/or utility incentives still exist or are just coming on line.  Give us a call or visit our website to see how we can help.

And be proactive about it.  While the jobless numbers are still way too high, the U.S. economy has begun its climb–expected to be a long, slow climb, out of the dumps.  And with it, energy prices are climbing.  As reported in the WSJ, pre-Christmans trading saw oil futures climbing above $91/barrel again, up more than 13% since November.  “Several major banks expect prices to reach triple digits next year as demand rebounds with the improving global economy.”    And retail gasoline price are climbing, reflecting a broader impact to consumers.

Dollars invested in energy-efficiency start saving now, and provide even greater protection as energy prices increase.  So while the gutting of the tax credit isn’t a good thing, it’s still the right time to save.  Take the steps now.

Thanks,
Mike

Home Energy Upgrade Tax Credits Chopped in 2011.

December 21, 2010

[Editor's update, Jan. 4, 2011:  A comprehensive summary of the 2011 energy tax credit with a table listing specifications and dollar amounts for various improvements is now available.]

Included in the tax legislation that Congress recently passed and the President signed is a one-year extension of the federal tax credit for energy improvements to homes.  Unfortunately, it’s significantly less attractive than the 2010 tax credit.  In 2011, there will be an overall cap of $500, with smaller caps for particular items.  For example, qualifying furnaces would only garner a $150 credit.   The WSJ’s Market Watch gives a nice high level view.  The 2011 credit is in sharp contrast to the $1,500 credit you could have received in 2010.  There’s really only one week left to try to take advantage of the much better credit.  If you think you’ll need a new furnace (for example) over the next couple of years, it may be worth accelerating the change–if you can still squeeze it in.

We’ll post a comprehensive view of the details for 2011 on our website in coming weeks, much like information on the current credit available in 2010.

There are still very generous state, local, and/or utility incentives for many of the customers we serve.  Give us a call or visit our website to see how we can help.

Thanks,
Mike

Earth Hour 2010

March 26, 2010

In roughly 24 hours, Earth Hour 2010 will begin, and people across the globe will shut off their lights for one hour in order to make a statement.  However you feel about global warming, everyone can agree that conserving resources, and turning off lights when we don’t need them, is good for our society and our world.
 
Tomorrow night, the centers and capitals of over 4,000 towns and cities will go dark in order to remind us of the importance of conservation in our daily lives. From Lima to Las Vegas, from the Empire State Building to the Eiffel Tower, cities large and small across the globe will be declaring their dedication to protecting the environment we inhabit.  
 
I support Earth Hour 2010 because reducing energy waste is a great idea—and Earth Hour helps call attention to it. It’s easy in the modern world to forget about where energy comes from when you can illuminate your house with the flick of a finger, but each minute that a light bulb is burning unnecessarily is a minute that fuel is being wasted.  And in the U.S. more than 50% of our electricity comes from dirty coal.  By cutting down on our energy waste, we will reduce our dependence on foreign oil, improve our air quality, and decrease the load that energy companies are facing on a daily basis, all while helping homeowners save money on their energy bills. Who isn’t in favor of that?
 
Last year over 1 billion people participated in Earth Hour 2009, check out this video to see some of the cities that joined in: http://www.youtube.com/watch?v=FclcMfzjwug

If you want to join us in supporting Earth Hour 2010, turn off your lights today, Saturday, March 27th, at 8:30 PM EDT.  Remember, though, the value here is educational and inspiration.  To really get lasting energy savings, and have a long-term impact, you need to make bigger changes with bigger impacts in your home, the type of energy-efficiency improvements we discuss here at the time.
 
Thanks,
Mike


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