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Newsletters > Can You Really...Get Paid To Save Money?
Can You Really...Get Paid To Save Money?

Mar 30, 2007

Can You Really...
Get Paid to Save Money?
New Law Provides Cash Credits for Improving Your Home

Just when you thought the government didn’t care about you,
look what happened. While we were all paying big bucks for
higher energy prices, the U.S. Congress passed legislation
to give you a tax break for saving energy dollars. Finally!
The Energy Policy Act now offers credit for energy
efficient home improvements made from January 1, 2006 to
December 31, 2007. There are several high-efficiency
products with great tax allowances for you, including…

? Insulation – 10% of cost, not to exceed $500 tax credit
? Air conditioning systems or heat pumps – $300 tax credit
? Water heaters – $300 tax credit
? Furnaces or boilers – $150 tax credit

The maximum tax credit is a total of $500 for all
improvements during the two-year period. The energystar.gov
website has further information about eligible products
and specifications. Also, the IRS will have more
information about rules to determine what qualifies for a
tax credit. Replacing an older air conditioning and heating
system with a newer energy-efficient model that has earned
the Energy Star label can not only generate a tax credit,
but it can also save you significant energy dollars over
the life of the system. Turn Your Cooling System into an
ATM Well, maybe your air conditioner won’t dispense cash
when you turn it on, but the effect is the same. Here’s
how: Some higher efficiency models (ranked by SEER rating,
the higher the better) can drop your energy bill by 25%. So
with one of these, you could take your midseason energy
bill, slice off a quarter of it, plus get a tax credit,
plus say goodbye to repair bills since it’d have a
warranty. And if you get a new furnace at
the same time, the EPA suggests you could save up to 40%
total through the year. I don’t know about you, but
I could think of better things to do with the money than
overpay on energy.

Hard as it is to believe, it’s like you’re being paid to
save money. Thousands of homeowners will wisely
jump on this program, so let us help you make the best
choice possible to turn your home into an efficient,
money-making machine.

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