The most recently passed stimulus bill has some good news for homeowners looking to increase the efficiency of their homes! The maximum mount of tax credit available for energy updates has been increased from 500$ to 1500$, and the credit rate has increased from 10% to 30%. The tax credit has also been simplified, doing away with fixed dollar amounts of credits focused on specific items. Those looking to purchase new windows can also rejoice, as the 200$ cap on window tax credits has also been removed.
Anyone who has used the Residential Tax Credits in the years before 2009 can start anew, and claim up to another 1500$ for updates made in 2009 & 2010.
For more details, please see the following page on the EPA's EnergyStar.gov website, or contact your tax professional.
Chicago Energy Consultants is a proud partner of Energy Star, and is happy to see increased governmental awareness regarding the benefits of energy efficiency!
Sunday, February 22, 2009
Friday, February 13, 2009
Chicagoland Natural Gas Savings Program
If you are a People's Gas or North Shore Gas customer, now is a great time to take on some energy efficiency projects, and receive some 'free' money back!
The Citizens Utility Board, City of Chicago, Environmental Law and Policy Center, Illinois Attorney General's Office, and Peoples Gas and North Shore Gas have joined forces to administer the Chicagoland Natural Gas Savings Program
Rebates are available on the following items from now through April, or until funds are depleted:
For more information, you can visit the program webpage here: http://www.conservationrebates.com/programs/chi/CHI_Index.aspx
Or call the Program's Call Center for more information: 866-964-7345
The Citizens Utility Board, City of Chicago, Environmental Law and Policy Center, Illinois Attorney General's Office, and Peoples Gas and North Shore Gas have joined forces to administer the Chicagoland Natural Gas Savings Program
Rebates are available on the following items from now through April, or until funds are depleted:
Ceiling Insulation (cellulose/blown in or batting) | R-38 | 75% of total cost; up to $750 |
Wall Insulation (rigid/wallboard or batting) | R-11 | 75% of total cost, up to $750 |
High Efficiency Clothes Washers | ENERGY STAR rated, with Modified Energy Factor >= 1.72 and Water Factor <= 8.0 | $100 per home |
Storage Water Heater | ENERGY STAR rated, with Energy Factor >= 0.62 | $75 per home |
Tankless Water Heater | ENERGY STAR rated, with Energy Factor >= 0.82 | $400 per home |
Gas Condensing Water Heater | ENERGY STAR rated, with Energy Factor >= 0.80 | $400 per home |
High Efficiency Gas Furnace | 92 - 93 % Annual Fuel Utilization Efficiency (AFUE) rating | $350 per home |
High Efficiency Gas Furnace | 94% + Annual Fuel Utilization Efficiency (AFUE) rating | $450 per home |
High Efficiency Gas Boiler | 85% AFUE | $350 per home |
High Efficiency Gas Boiler | 95% AFUE | $600 per home |
For more information, you can visit the program webpage here: http://www.conservationrebates.com/programs/chi/CHI_Index.aspx
Or call the Program's Call Center for more information: 866-964-7345
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