Time is running out for you to take advantage of the federal energy conservation tax credit. This tax credit allows you to take 30% of installation costs, up to $1500, to make your home more energy efficient including items like insulation, sealing air conditioning ducts, air sealing and weather-stripping of the home. This tax credit, combined with the new APS and SRP Energy Star audit programs will pay for more than 60% of your homes Energy Star retrofit, if the work is done by December 31, 2010. So time is of the essence to take advantage of this credit. There is no legislation in place to extend the tax credit so it's a very real possibility that this credit will not be there next year.
This tax credit used to be 30% up to $500 maximum, but two years ago Congress tripled the amount of the credit up to $1500! This credit is crucial to setting up a very quick return on investment for steps to lower your utility bill, typically two years or less. I would encourage you to start with your first step, scheduling an APS/SRP Energy Audit. We have consultants that can come out and give you a FREE visual audit and let you know how much you would qualify for from APS or SRP depending on how thick your current insulation depth is, how much duct leakage is visible, and if there is any visible air sealing opportunities for your home.
The work has to be done this year before the 31st of December. So take your first step to significantly lowering your electric bill today and schedule your energy audit with the Phoenix Green Team. Simply click on our request your energy audit online link today. We have a few more installation dates available in December but time is running out. Thank you for reading our blog, and I wish you and yours a very happy holiday season!
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