Your TerraLogos Energy Auditor will help you identify and file for all the incentives that are appropriate for your energy improvement projects. Count on TerraLogos to keep you up to date on all the latest programs as they are initiated.
Federal Incentives for Energy Improvements:
Federal
tax incentives are available for many of the energy efficiency improvements recommend and performed by TerraLogos. Remember to discuss these incentives with your accountant to confirm
that they can be applied in your situation. Here are the
brief details:
- 30% up to $1,500 per primary residency for projects completed by 12/31/2010;
retrofits only; Materials only on envelope; Air sealing materials could
be included as part of insulation projects; Materials & labor on
HVAC.
- 30% uncapped on installations of renewable energy systems for
both retrofits and new construction; for work done through 2016.
For more details on tax incentives, use these links:
- DSIRE, The comprehensive site for Federal, State and County tax credit information, including their description of the new Federal Incentive program for 2009-10.
- Energy Star's web page on the Federal Tax Credits for Energy Efficiency.
BGE and Pepco Incentives for
Home Performance with ENERGY STAR :
If you have an energy audit performed by a certified Home Performance with ENERGY STAR contractor, such as TerraLogos, BGE and Pepco are offering rebates for some of the most common energy improvements.
TerraLogos will help coordinate your projects to take full advantage of the incentives that are appropriate for your home. Restrictions apply. Some improvements with incentives may not be appropriate for all homes. Please ask for more details when sceduling your Audit.
Click here for details on
BGE's Home Performance with ENERGY STAR Program.
Click here for details on
Pepco's Home Performance with ENERGY STAR Program
Click here for details on
SMECO's Home Performance with ENERGY STAR Program
More Utility Incentives:
Maryland utility companies also offer rebates on purchases for some of the typical improvements recommended in an Energy Efficiency Report, including appliance & lighting upgrades. For details, visit these websites - BGE Smart Energy, SMECO Appliance Rebates and Pepco Appliance Rebates.
Financing Options
There are two local financing programs that can provide funds for performing your recommended energy improvements. Hopefully, similar programs will one day be available for all Marylanders.
For residents of the City of Annapolis, EmPOWER Annapolis provides low-interest rate financing that is tied to your home's water bill. If you move before the loan is paid off, both the energy improvements and the loan to install them stay with the property. This program started in June 2010.
There is a similar program for residents in Montgomery County called Home Energy Loan Program (HELP), which ties low-interest energy improvement loans to a home's property tax. This program should kick-off in the fall of 2010.
We will update this area as these and other financing programs become available.
