How You Can Get Energy Efficiency Rebates and Tax Credits

ENERGY EFFICIENT GRANTS: E-Cool! YOU COULD BE GETTING MONEY BACK WHAT YOU NEED TO KNOW As a result of energy efficient measures implemented in 2012-2013, homeowners and commericial owners can Owners and tenants may receive up to $1.80 per square foot if building are (re)constructed to save 50% of energy Deductions of $0.60 are NOW available for those buildings that meet target levels of individual lighting, building envelope and heating and cooling systems. receive up to 10% of costs back. costs. LIKE TO SAVE MONEY AND ENERGY? CUT COSTS IN 2013 The 2012 and 2013 Federal Tax Credit can give you 10% back on up to $500 or a flat sum ranging from $50-$300. Look at even more ways you can get money back! Biomass Stoves-$300 Heating, Ventilating, and Air Conitioning Upgrades- up to $300 Insulation Upgrades- 10% of cost up to $500 Roofing Upgrades- 10% of cost up to $500 Heating Upgrades- $300 Window $20 Door and Skylight Upgrades- 10% of cost up to $500 Geothermal Heat Pumps, Small Wind Turbines, Solar Water Heaters-30% of cost For products placed in 2012, complete the 2012 version of IRS form 5695 and submit it with your 2012 taxes by April 15, 2013. ALREADY UPGRADED? On the 1040 form enter tax credit form 5695 (the residential enegry credit) on line 52. BUT WAIT THERE'S MORE! There are even more tax credits available i.e. more money that could be in your wallet! Residential Energy Property Credit (Section 1121)- Thanks to this law you can now receive up to 30% of the cost of improvements. Plug-In Electric Vehicle Credit (1141 and 1142)- Drive a plug-in electric vehicle and receive between $2,500 and $7,500 in credit. You are also credited 10% the cost of the vehicle. Conversion Kits (1143)- Maximum credit of $4,000 Buisnesses Can Benefit Too! - New Clean Renewable Energy Bonds (1111)- The funds available for new clean renewable energy bonds have incresed from $8 million to $2.4 billion Qualified Energy Conservation Bonds (1112)-The funds available for qualified energy conservation funds have increased from $800 million to $3.2 billion GO GREEN, GET GREEN.