Congress is about to up-the-ante for homeowners interested in making their homes more energy-efficient. Currently making its way through Congress is "The Home Star Energy Retrofit Act", affectionately known as "Cash for Caulkers". Its goal is to provide rebates for completing energy-efficient home improvement projects and installing energy-efficient appliances.
At present, the maximum tax credit available for installing qualifying replacement windows, doors, insulation and high-efficiency HVAC equipment is $1,500.00. "The Home Star Energy Retrofit Act" aims to enhance those credits, making it as cost-effective to make these improvements as it may ever be…in our lifetimes!
For instance, currently homeowners receive a 30% tax credit for installing windows and doors that comply with stringent US Government requirements. That percentage may rise to 50% of those product's cost once the bill is passed by both houses of Congress.
Perhaps the most compelling piece of the legislation is known as the "Gold Star" program. It would require homeowners to obtain a Home Energy Audit from a licensed, professional, trained contractor and implement the recommended improvements in order to increase their homes energy-efficiency by 20%. Those who do so would receive a $3,000.00 rebate on the products purchased. Homeowners who increase their home's efficiency beyond 20% would earn an additional $1,000.00 rebate for every 5% increase in energy-efficiency. A homeowner who, as a result of making the recommended improvements, increases his or her home's energy-efficiency by 45% would receive a rebate of $8,000.00, which is the maximum rebate amount currently being considered.
Regardless of exactly what the legislation looks like once it makes its way out of Congress and onto President Obama's desk, homeowners would be wise to prepare themselves for the home improvement opportunity of a lifetime.
We hope that you'll allow American Home Concepts, Inc. into your house to perform a Home Energy Audit in order to determine how best to make your home more energy-efficient. Be sure to take advantage of all the rebate opportunities available to you! Please click the link below for more information.
For More Information about our Home Energy Audit, Vinyl Window & Door replacement & Insulation services or to schedule a free consultation, call 610-667-7775 or click here.
Tags: Cash For Caulker Contractor, Contractor, Energy Tax Credit, Home Energy Audit, Home Star Rebate, Window and Door installer, Window and Door replacement
