Energy Efficient Home Tax Credits & Mortgages

Energy Efficient Home Tax Credits & Mortgages The Government wants to help YOU make YOUR HOME energy efficient! So check out these great resources that are available to you right now. Personal Tax Credits %24 Federal personal tax credits can be utilized by homeowners towards energy efficient improvements to their homes. Residential Energy Efficiency Tax Credit The Residential Energy Efficiency Tax Credit can be applied towards energy efficient technologies such as: • Water heaters • Furnaces • Heat pumps • Roofs • Central air conditioner Boilers Windows Building insulation • Circulating fans used in a qualifying furnace This credit is retroactive to homes bought in January 2012. Residential Renewable Energy Tax Credit The Residential Renewable Energy Tax Credit can be used towards these renewable (and other) technologies: • Solar Water Heat • Photovoltaics Wind • Fuel Cells • Geothermal Heat Pumps • Other Solar-Electric Technologies • Fuel Cells using Renewable Fuels This credit is valid for residential energy properties only. 2 Energy Mortgages Energy Efficient Mortgage Energy efficient mortgages allow homebuyers to include cost-effective energy saving measures in their home loan. • Use to purchase new energy efficient homes • Enables borrowers larger loans to upgrade (to more energy efficient homes) Requires an energy rating on the home qualify for Energy Improvement Mortgage Energy improvement mortgages are for those homeowners planning IT energy efficient improvements to their current homes • Eliminates need for large down payments as improvement costs are included in loan • Requires an energy rating on the home to qualify State Financial Incentives There are many state-level financial incentives available to homeowners as well, including: • Local rebate programs • Performance-based incentives • Personal tax credits • Utility rebate programs • Utility loan programs Visit the Database of State Incentives for Renewables & Efficiency' for a comprehensive state-by-state list of available incentives and programs. Energy efficient homes mean better lives, more money and a cleaner, greener America! And with all the government incentives out there, there's never been a better time to turn your home into an energy home! RESNET. For more information on ways to save energy visit www.resnet.us www.twitter.com/resnetsmarthome RESIDENTIAL ENERGY SERVICES NETWORK www.facebook.com/ResnetSmartHome SOURCES *http://www.dsireusa.org/ http://energy.gov/ http://www.resnet.us/ © 2013 Residential Energy Services Network (RESNET)