As many of us begin to fill out our 2009 tax returns, we may already be looking ahead for ways to reduce 2010’s tax liabilities. Why not take advantage of the federal tax incentives for greening up your home at: http://www.energystar.gov/index.cfm?c=tax_credits.tx_index? These federal tax incentives include tax credits for the installation of new qualifying energy efficient heating systems, ventilation systems, air conditioning systems, insulation, roofs, water heaters, windows, and doors. The products must be installed in an existing house and they must be installed at your principal residence. For qualifying products within the above categories, there is a tax credit for 30% of cost (up to $1,500).
For installation of geothermal pumps, residential wind systems, and residential solar, you can get 30% of the system cost back in a federal tax credit. There is no upper limit on the amount of this tax credit.
Slated to begin in March of 2010, a mail-in rebate program will be offered by the State of
If you are considering a loan to implement these upgrades, then you may qualify for a low interest loan through the state of Ohio ECO-Link program. Find out more about this program here: http://tos.ohio.gov/ForYou/Default.aspx?Section=ECO&SubSection=Homeowners.
Low income homeowners and renters may be automatically eligible for the no cost Home Weatherization Assistance Program (HWAP) through the Ohio Department of Development. More information on this program is available here http://development.ohio.gov/cdd/ocs/hwap.htm
Together we can make Bay Village a more sustainable community. With the above incentives and programs, it is easier than ever to take part while lowering your long term energy costs! Just make sure to read the specific details of each program within the given links before purchasing the products.
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