Wednesday, June 3, 2009

Top Five Affordable Ways to take advantage of Federal Tax Credits

All the home improvement and DIY decor blogs are abuzz with folks chattering about how they want to take advantage of the federal energy efficiency tax credit. Who wouldn't?

But a common theme pervades: All those hot new eco-trends seem too expensive!

The U.S. Dept. of Energy estimates homeowners can save 30% on their heating and cooling bills by adding insulation and air-sealing to their homes.

“The new tax credits can help homeowners defray the cost of several types of energy efficiency upgrades, making them more affordable at this time of economic strain for many” said Kateri Callahan, president of the Alliance to Save Energy, a Washington, D.C.-based nonprofit that promotes energy efficiency for a recent article by RisMedia (rismedia.com).

“By tightening up their homes with added insulation...and sealing of doors and windows, homeowners will enjoy lower heating and cooling costs, too,” Callahan added.

Keeping that in mind, we've compiled the Top 5 Most Affordable Energy Efficient Home Improvements Using the Federal Tax Credit:

1 -Insulate The Roof - up to 25% of heat is lost through the roof. And it doesn't have to involve hiring contractors and major expenses. Check it out - the government has tips on how to do it yourself.

2- Cover windows with Energy Smart coverings.
EcoSmartShades have been certified for the tax credits when used with the energy tracks. We custom cut them to size, and if you're looking to really save we have DIY installation instructions online. Visit our site to learn more about them or order online. Or find stores near you.

3- Replace dying appliances with EnergyStar.
Do make sure they are eligible for tax breaks. Sure, it might not be the time to splurge on just anything, but look for that logo when replacing an old battered appliance that is on its last legs. And do it by Dec. 2010!

4. Insulate Hot-Water Pipes
Wrap all hot-water supply pipes with foam rubber insulation. The dense rubber will keep water that's trapped in the pipe hotter for longer, reducing the time you have to run cold water while you wait for it to heat up. As a bonus, you'll save on fuel to heat the water.

5- Sneaky Leaks: Cover up skylights, sliding doors, and get storm doors!
Cover skylights and sliding glass doors with energy-saving window treatments, and consider adding storm doors. The energy efficiency tax credit includes purchases of storm doors meeting requirements. Skylights and sliding doors can be easily overlooked, but are just as bad culrpits as windows. EcoSmart Shades also provide custom-cut tracked shades for these uses - and as always, we offer free fabric samples.

For more on home improvements with the tax breaks visit:
Alliance to Promote Energy Efficiency
The Database of State Incentives for Renewables and Efficiency
The Internal Revenue Service
EnergyStar Tax Credits rundown

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