As is expressed in the old adage “if it ain’t broke, don’t fix it”, it’s often difficult to justify an investment in the upgrade of a utilitarian component of our home that is currently functioning. Things like water heaters, insulation, washers and dryers, windows and doors; these items are not always cheap or convenient to replace so – if it ain’t broke, don’t replace it, right? Well, maybe. All of these items have a common theme: they affect your utility bill, and thus may be costing you monthly more than the latest Energy Star certified product would.
Speaking of Energy Star, which is a program administered by the EPA, did you know that most Energy Star certified home improvements qualify for a federal tax credit? You can receive between a $50 – $500 tax credit for upgrading your water heater, HVAC, insulation, and more while also lowering your monthly utility burden and raising your resale value. Although not huge, the tax incentive may make it just economical enough to pull the trigger sooner rather than later. For more information on federal tax credits for Energy Star appliances, visit: http://www.energystar.gov/about/federal_tax_credits
Happy Home Improvements!