Rebates You Can Benefit From
With so many available rebates out there how do you determine which ones you qualify for? Here you will find all the information you will need to determine whether or not you qualify.
Act soon to receive up to $2,000 with a program which has just been made available to Utah residents. If you’ve been curious about making your home more energy efficient in order to save money heating and cooling your home – or if you just want your home to be more comfortable, now is the time to get the work done.
The program will cover up to 80% of the energy-efficient home improvements, according to the program manager, Jason Berry (the program is funded by the U.S. Department of Energy and administered by the Utah State Energy Program).
If you are planning to stay in your home for many years to come, energy-wise retrofits could save you hundreds over the years. But even if you plan to sell in the near future, making changes now could actually increase the value of your home to prospective buyers. So it’s a win-win situation however you look at it.
More than 750 Utah homeowners are expected to make the recommended energy efficiency retrofits, reducing their household’s energy use by 20% or greater. The funding is limited, so interested homeowners should act quickly – and start saving money right away!
In addition to the grant money available through Utah Home Performance with ENERGY STAR®, homeowners who make energy efficient upgrades to their homes may also receive federal tax credits and rebates through local utility companies.
What are you waiting for?
5 Things You Should Know About Energy Rebates
1. Federal appliance rebates are going fast
The government’s Cash for Appliances program, which lets you score rebates for about $50 to $500 swapping energy guzzling appliances for more efficient models, has gotten a lot of attention.
Don’t count your greenbacks just yet. The incentives, which are administered through the states, are typically handed out on a first-come, first-served basis, and in many locales the money is already gone. Florida’s program, for example, closed just 36 hours after it opened. But some states, such as Utah, still have plenty of rebate incentives as of the end of May. To check the status of the program in your state, go to www.cashforappliancesutah.com
2. Most states offer their own programs in addition to federal rebates.
Even if you can no longer qualify for a Cash for Appliances rebate, you can still get cash back from programs run by utilities or state programs that offer incentives for boosting your home’s energy efficiency. Visit Utah State info www.energy.utah.gov
3. You may have two more chances to get federal funds.
Through the end of 2010, you can claim a $1,500 federal tax credit for up to 30% of the cost of many energy-related improvements.
When a home energy audit pays.
There is also the so-called Cash for Caulkers bill, which was passed by the House in May 2010 and could soon become law. It would give homeowners hefty rebates on a variety of energy saving projects.
Even if you take the tax credit this year, you may still qualify for a Cash for Caulkers rebate. Keep this in mind as you make your home more energy efficient this year.
4. Before you grab a rebate, do the math.
Getting cash back might help you justify the purchase of, say, that shiny new stainless-steel fridge you’ve been eyeing. But other projects may give you greater savings. If your home has bad insulation, a super efficient heating system will not do much in the big picture.
Not sure where your money is best spent? A comprehensive home energy audit, which will pinpoint your leaks, is often times worth the cost. Some states or utilities conduct basic audits for free or will reimburse some of that cost. Questar offers a full home energy audit for just $25. www.thermwise.com
5. Don’t forget that small projects can still pay big.
There are plenty of ways to save energy without spending a lot. Every degree you go up or down on your thermostat will knock 2% off your annual heating and cooling costs; replacing your five most frequently used bulbs with compact fluorescents can lop up to $70 a year off your energy bill.
Finally, ditching that old fridge you’ve relegated to the garage for storing extra drinks will save about $200 or more a year. You may find you can justify an appliance upgrade after all – rebate or not.
Cash for Appliances Details
Cash for Appliances Utah is an appliance replacement program. Consumers must replace an existing appliance to qualify for Cash for Appliances Utah rebates.
Purchases must be made on or after
May 12, 2010.
• $75 rebate on clothes washers with a modified energy factor (MEF) of 2.0 or greater and a water factor (WF) of 6.0 or less.
• $30 rebate on ENERGY STAR® qualified room air conditioners.
• $300 rebate on ENERGY STAR® qualified gas furnaces with an annual fuel utilization efficiency (AFUE) of at least 90%.
• $300 on ENERGY STAR® qualified gas tankless water heaters with an energy factor (EF) of at least .82.
• $50 on gas storage water heaters with an energy factor (EF) of at least .67.
• Recycling your old appliances is encouraged.
• Rebates are in addition to available utility, retailer and/or manufacturer rebates.
• Rebates are available only while funds last .
Go to Cash for Appliances Utah for Rebate Form, list of Qualified Products and FAQs.
Energy Star Products & Rebates
Questar Thermwise Program
Cash for Appliances Program
Energy Star ENERGY STAR is a joint program of the U.S. Environmental Protection Agency and the U.S. Department of Energy helping us all save money and protect the environment through energy efficient products and practices. Learn more
Questar Rebates If you purchase an energy-efficient product or renewable energy system for your home, you may be eligible for a federal tax credit. Learn more
Utah State Energy Program Cash for Appliances Utah is an appliance replacement program. Consumers must replace an existing appliance to qualify for Cash for Appliances Utah rebates. Learn more