The Home Energy Team Institute keeps you abreast on all energy-efficiency and home energy auditing learning topics but one thing that home energy gurus need to be conscious of are the government tax credits and rebates.
While the idea of energy saving means cost savings, sometimes the cost of the home upgrades can deter homeowners from making the changes. Is it worth it to spend the money now in order to money save in the long run? What is the break even point?
Government tax credits can help meet that break even point sooner and encourage the changes sooner rather than later. But there aren’t just one or two credits or rebates; there’s nearly thousands from the federal level to the state-by-state level.
Keeping that in mind, though, when homeowners are looking at what potential tax credits they are eligible for, they should examine the state-by-state differences to determine what is available. We’re well aware that there are many federal tax credits that are sweeping across the board, but there are even more that are determined state-by-state, which means you have to take a look at your state’s details to see whether or not the changes qualify.
For example: Colorado has 40 different utility rebate programs whereas California has 98.
The good news for you is that there is one clean, simple site that organizes all of these energy rebates for you and allows you to just search and find exactly what you’re looking for.
Check out DSIREUSA.org, which is the Database of State Incentives for Renewable & Efficiency. There you will find all the answers to the state-by-state tax credit differences.