Now is the time to increase your home's energy efficiency, lower your taxes and utility bills and reduce your impact on the environment. The American Recovery and Reinvestment Act entitles you to an energy tax credit.
On December 17, 2010, President Obama signed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. This law extends the tax credits for energy efficiency into 2011, BUT at lower levels. The levels revert back to those in effect in 2006 and 2007, which were 10% of the cost of the improvement, up to $500, with a $200 max for windows, and several other set maximums.
More Information
Reichel Insulation offers qualifying insulation for rebates through your heating and cooling providers.
Please check with your homes heating and cooling provider to see what rebates they have available for you. Please call them ahead of booking your insulation installation to make sure that that you complete their requirements before having the insulation installed.
Some providers require homeowners to complete a home energy audit with a before and after blower door test in order for the home owner to receive a rebate. So, contact them today to see if there are rebates available to you!
Highlights:
10% up to $500 for insulation, roofs, and doors. Windows capped at $200, but qualification now ENERGY STAR. Furnace and boilers capped at $150, and all furnaces and boilers must meet 95 AFUE. $50 for advanced main air circulating fan. $300 for air conditioners, water heaters, and biomass stoves . $500 lifetime limit. If you got over $500 in these tax credits from 2006-2010, you are not eligible for anything more.
Rebates on Home Insulation for MN Gas and Electric Customers of Xcel Energy
If your insulation is not sufficient for where you live, you
may be wasting up to 25 percent of your heating or cooling
energy. Installing or upgrading your home’s insulation is
one of the best investments you can make in lowering your energy bill. Including air sealing and weather-stripping with your project will increase these benefits even more.
Rebates for insulation are equal to 20% of the total cost of the project, including installation, up to $300 for qualified projects. Click here for rebate guidelines.
