Cost Saving Financial Options


Federal Home Improvement Tax Credit

Home Performance with ENERGY STAR® Program

 

 

Federal Home Improvement Tax Credit

Available on home improvements placed in service between January 1, 2009 & December 31, 2010.  Tax credits are for 30% of the material cost of the improvement, up to $1,500 and are available for insulation, replacement windows, non-solar water heaters, and certain high efficiency heating and cooling equipment.  Some improvements, such as geothermal heat pumps, solar water heaters, solar panels and windmills are not subject to the $1,500 maximum.

 

Home Performance with

ENERGY STAR® Program

Energy Star Program

The New York Home Performance with ENERGY STAR® programs are designed to lower energy usage by encouraging energy efficiency improvements.  In order to qualify for the programs customers must purchase electric from a participating utility company.  The programs are available to electric distribution customers (residential, commercial, institutional, and industrial) who pay into the System Benefits Charge (SBC).

Participating Energy Companies in Western New York

·         New York State Electric and Gas Corporation (NYSEG)

·         Rochester Gas and Electric Corporation (RG&E)

·         National Grid

 

Projects using the ENERGY STAR® PROGAMS Must be completed by a
BPI Accredited Contractor

Look For This Sign!

       

No Income Qualifications        Income Qualifications

Home Performance with

ENERGY STARÒ Program

Only Valid for Customers of Participating Electric Companies
(No Income Restrictions)

Average Project Cost                                          $4,500.00
10% Home Performance Rebate                      -$450.00
Your out of Pocket                                              $4,050.00
30% Federal Tax Credit (Approximately)            -$850.00

Your Final Cost

$3,200

Assisted Home Performance with

 ENERGY STARÒ Program

Only Valid For Customers of Participating Electric Companies
(Income Qualifications Required)

Available through the Assisted Home Performance with ENERGY STARÒ program for income qualified homeowners.  50% of the work scope up to $5,000 is available for single family homes and up to $10,000 for 2 to 4 family homes on all energy saving work performed by a BPI certified contractor.

Average Project Cost                                                $4,500.00
      50% ENERGY STAR Subsidy                            -$2,250.00
Your out of Pocket                                                    $2,250.00
   30% Federal Tax Credit (Approximately)              -$475.00

Your Final Cost

 $1,775

 Income Qualifications Guidelines
For more information about the Assisted Home Performance with
ENERGY STARÒProgram go to

www.getenergysmart.org