Texas Electric: Get Federal Tax Credit for Making Energy Efficient Home Improvements in 2010

The federal government is going all out with its green energy initiatives. One of the ways it’s doing this is by incentivizing the program, ie, giving tax credits to homeowners for making their homes more energy efficient. Following is an overview of one such program for the year 2010 that can help Texas electric customers.

FAQs: How to Get Federal Tax Credits for Energy-Efficient Home Improvements Made in 2010

How do I get the tax credit? Basically, you have to make the improvement/purchase qualifying products and “place them in service” during the year 2010. You then claim the tax credit when you file your taxes next year.

How much of a tax credit can I get? The maximum amount is $1,500. The credit is 30% of cost. So in essence you get to spend $5,000 and get a credit for 30% of this.

Does this apply to products/improvements I make on my rental and/or vacation properties too? No, it must be your primary residence.

 

Which products/renovations qualify for the tax credit? Following is a partial list. Consult the Energy Star website for full details.

Windows and doors; insulation, metal and asphalt roofs, HVAC (including air conditions, heat pumps, furnaces and boilers; water heaters; and biomass stoves.

How to Lower Your Texas Electric Bill for $0

Don’t have any money to spend on energy-efficient home improvements? It’s okay; you can still save on your electric bill. How? By doing some comparison Texas electric company shopping.

Traditional Texas energy providers offer a host of money-saving options for budget-conscious consumers, eg, the LITE-UP Texas program. With this program, you can save money on your energy bill five months out the year (May through September)? And, it’s a no-deposit electric service plan.

Plans like this are ideal for consumers who are currently on prepaid electric service plans because they can significantly lower your energy bill during the five most high-consumption months of the year. And it needn’t cost a dime. All you have to do is call your Texas electricity company to get full qualifying details

10 Steps to a More Energy Efficient Home

Cooling and Heating is the Primary Energy Hog in a Home

Heating and cooling costs account for about 50-70% of the energy used in the average Texas home, the Energy Efficient Saver program from Electricity Bid and Pierce Energy is the easiest, most effective way to:

  1. Save money (up to 30% or more) on your Texas electric bill
  2. Improve the general well being and comfort level of your Texas home
  3. Raise the value of your house, and
  4. Gives you the opportunity to reduce the demand load in your city which can lower the rate for everyone.

Designed in accordance with U.S. Department of Energy recommendations, the Energy Efficient Saver program combines 10 proven energy saving solutions into a single program that can pay for itself through Texas power savings of up to 30% and sometimes more in annual heating and cooling costs. With the help of the federal and state government many of the costs in this program are paid for by the government.

10 Steps Performed with the Energy Efficiency Saver Program

  • Apples to Apples Electric Rate Comparison at Electricity Bid.com
  • Blower Door Setup and Calculations Performed on Air Leakage From Home
  • Assessment of Insulation Damage in Attic and Walls
  • Mastic Paint Used to Seal Leaks Coming From Air Conditioning Ducts Located in Attic.
  • Doors and Windows Retrofitted with Devices to Stop Air and Energy Leaks
  • Blow in Insulation and Radiant Barrier Installed in Attic
  • See Through Energy Efficient Storm Windows Installed on Existing Windows.
  • Feasibility Study for the Installation of Solar Panels
  • Power Saver Device Installed at Meter to reduce the loss of Electricity Through Energy Surges
  • Advice on How to Maintain Continued Energy Efficiency Best Practices for Your Home

If you would like to receive solar technology and renewable energy updates in Texas then we would like to recommend ESS Solar. This is a local solar panel and renewable energy company in Texas that works with several solar panel companies and solutions. They keep us updated with solar technology as it changes and would be happy to keep you updated as well. They of course hope you will eventually become a customer but they also work very well as an information resource by giving the occasional update on solar as changes take place in the market place.

ESS Solar Offers Easy Solar Panel Install Service in Texas

Electricity Bid helps you find an electric rate and provider to save you money and keep life simple.

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