Online tools and calculators take the guesswork out of home renovation planning.
It’s no secret that energy efficient products and materials will save you money, but actually seeing the estimated savings in real numbers may be the motivating factor you need to kickstart your home project.
Before beginning a project, run your information through these helpful online tools to get a better understanding of your future savings. The tools are easy to use and adjustable, so you can dream big or dream even bigger!
Federal Tax Credits
The federal government does offer tax credits to individuals for making energy saving improvements to their homes. These tax credits can account for up to as much as 30 percent of the cost of the system. A lot of the tax credits that had expired in 2016 were renewed under the new tax bill including credits for small wind turbines and solar power systems. Read up on what's eligible under the updated tax code and while you're there, browse through Energy Star's Rebate Finder to make sure you haven't missed any manufacturer's rebates.
Rebates and Incentives
Great rebates and incentives on insulation are out there, and finding them has never been easier thanks to search programs such as CertainTeed’s Rebates and Incentive tool. Enter your email address and zip code, click submit and instantly scroll through the dozens of insulation rebates just waiting to be claimed. Between the rebates found here and the money saved on energy costs, upgrading your insulation can pay for itself in a few years!*
Home Energy Saver Analysis
For those looking beyond insulation, the Home Energy Saver Analysis offered by the US Department of Energy is a great place to start when thinking of upgrading large appliances, hot water systems and HVAC units. You can request a general, hypothetical analysis in seconds and see which items in your home are eating up the most electricity and how much can be saved with an upgrade to more energy efficient products.
No matter what type of energy upgrades you are planning for your home there are often rebates and tax credits available if you know where to look. It’s just not always easy to navigate through the various federal, state, and local programs offering cash back opportunities. These tools are a great start but sometimes a little old school social networking is needed. Talk to your contractor. They work in this space every day and often have experience helping other customers with similar requests. They may have even created their own list of rebates available in your area.
For more information, including a helpful insulation guide that explains how much insulation is right for you, visit the insulation page at CertainTeed.com.
*Energy savings will vary. To find out why, go to www.energystar.gov. Higher R-Values mean greater insulating power.