Go Green and Save Green: Part 1

Go Green and Save Green

Part 1: Green Rebates and Incentives

That’s right, going Green can actually save you some major Green. If you are like me, you save money whenever and wherever you can. Well, there are so many ways you can save money by making your home more efficient that I’ve compiled everything I can find to save your hard earned cash.

If you are thinking about making major investments, contact me to find out how much your home is worth first and I can help you to build your equity. When I purchased my new Energy Star kitchen and laundry appliances last summer and spring I had no idea I could get money back and missed out on a couple hundred dollars I could have saved had I been informed. Don’t miss out!

Federal Tax Credits:

30% of the cost, up to $1,500, in 2009 & 2010 (for existing homes only) for:

▪ Windows and Doors

▪ Insulation

▪ Roofs (Metal and Asphalt)

▪ HVAC

▪ Water Heaters (non-solar)

▪ Biomass Stoves

◦ Tax credits are available at 30% of the cost, with no upper limit through 2016 (for existing homes & new construction) for:

▪ Geothermal Heat Pumps

▪ Solar Panels

▪ Solar Water Heaters

▪ Small Wind Energy Systems

▪ Fuel Cells

Arizona Tax Credits:

Tax credits are available at 25%, up to $1,000 and 100% of sales tax for:

▪ Passive Solar Space Heat

▪ Solar Water/Space Heat, Solar Ovens, Solar Cooling, and Solar Pool Heating

▪ Photovoltaics (PV solar panels)

▪ Wind

▪ Daylighting

Personal income tax deduction of up to $5,000 for selling a new energy efficient home with an energy rating of 90 or above.

Utility Rebates and Incentives:

SRP offers:

▪ Rebate of $50- $75 for energy efficient clothes washer

▪ Rebate of $20 for energy efficient dish washer

▪ Rebate of $200- $400 for heat pump or A/C, depending on SEER

▪ Discounts on CFL bulbs at: Costco, Sam’s Club, Home Depot, and Walmart

▪ Discount on shade screens at $3 per sq. ft.

▪ Incentive to recycle your old refrigerator or freezer of $30

APS offers:

▪ Rebate of $175- $525 for heat pump or A/C, depending on SEER

▪ Rebate of up to $250 for a duct test and repair.

▪ Discounts on Energy Star CFL bulbs. Choose from 20 participating retailers here: http://portal.ecosconsulting.com/locator/default.aspx?id=1

▪ Incentive of $3 per DC watt generated by a PV solar system. For example: 4000 watt (4kW) Grid Tied system installed.
$3 x 4000 watts = $12,000 incentive

▪ Incentive of up to 50% of the cost of a solar water heater. For example: Water heater with first year savings of 1800 kWh based on OG-300 rating.
$0.75 x 1800 kWh = $1,350 incentive

▪ Incentive of $0.75/kWh for solar space heating

▪ Incentive of $2,50 per watt for wind energy. For example: 5000 watt (5kW) Grid Tied system installed.
$2.50 x 5000 watts = $12,500 incentive

Additionally, if you were to generate your own power (solar, wind, etc.) the utility companies have to pay you for any extra that you make at the rate they charge their customers. It is called net metering.

Some manufacturers also have rebates available.

More info at:

http://www.energystar.gov/taxcedits

http://www.dsireusa.org/incentives/

http://www.aps.com/main/green/choice/default.html

http://www.savewithsrp.com/