It is possible to save money on your energy bills and receive a tax credit! There are several ongoing incentive programs, and by investing in energy efficient products, you save money on both your energy bill and your taxes.
Federal Income Tax Credits:
If you purchase an energy-efficient product or renewable energy system for your home, you may be eligible for a federal tax credit. This would be a tax credit of 30% of the cost of the product or installation. For a list of eligible products and how to apply for this tax credit, visit Energy Star’s Website.
Texas Trade Up Appliance Rebate Program:
The Texas Trade Up Appliance Rebate Program encourages consumers to replace old (but functional) appliances with new, energy efficient, ENERGY STAR® or CEE qualified models to stimulate the Texas economy and increasing energy conservation efforts in Texas.
The following appliances qualify:
- Refrigerators
- Freezers
- Room Air Conditioners
- Clothes Washers
- Dishwashers
- Central Air Conditioners
(including heating and ventilation)
- Air-Source Heat Pumps
- Hot Water Heaters
Texas residents who apply for a rebate must replace an old, but functional, appliance from one of the eligible categories with a new ENERGY STAR or CEE qualified appliance. For more information, and exact program details, visit this website: http://www.texaspowerfulsmart.org/rebate. |
