Energy Saving Tax Credits Help Ludlow VT Homeowners

The ‘American Recovery and Reinvestment Act of 2009‘ which became law on February 17, promotes energy independence and green jobs through tax credits and government grants. This is part of an effort to make Ludlow VT  homes and buildings more energy efficient. 

Energy saving provisions include: 

  • $6 billion to state and local governments for energy efficiency and conservation grants for energy audits, retrofits and financial incentives. 
  • 30% tax credit (increased from 10%) to homeowners for new furnaces, windows and insulation. 
  • $5 billion to modernize the nation’s electricity grid and install smart meters on homes, saving homeowners money. 
  • $5 billion for weatherization assistance for low income households. 
  • $2 billion for federally assisted housing (section 8) efficiency efforts.  

This bill is good news for Ludlow VT homeowners wanting to make their homes more energy efficient. Interested in buying a Ludlow VT home? Visit ISellVermontRealEstate.com. 

Search all Ludlow VT homes for sale.

This entry was posted on Friday, February 27th, 2009 at 2:42 pm and is filed under Ludlow VT, Money & Finance, Seller Info. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

5 Responses to “Energy Saving Tax Credits Help Ludlow VT Homeowners”

  1. Mike Says:
    March 1, 2009 at 11:43 am | Reply

    Just passing by.Btw, your website have great content!

    _________________________________
    Making Money $150 An Hour

  2. greenhomesamerica Says:
    March 11, 2009 at 9:44 pm | Reply

    Good stuff. Be careful as there are specific requirements for all of the home improvement measures. A couple of things to consider: There is still an open question regarding whether the 30% applies to the cost of materials only or to the total installed cost. Previously the provision was for material only–it appears to be the case now, but it’s not completely clear.

    I provide a couple of good links to specific requirements at http://greenhomesamerica.wordpress.com/2009/03/05/arra-stimulus-package-1500-home-energy-improvement-tax-credits-redux/ And I will be posting updates as they become available.

    Note also that the cap on solar thermal, solar PV, and geothermal systems has been removed

    Thanks,
    Mike

  3. Beersappese Says:
    May 20, 2009 at 6:18 pm | Reply

    Super website / I will come back.

  4. Zooey Says:
    September 15, 2009 at 6:59 am | Reply

    I’m so happy about the energy savings tax credit. It helped me save a lot of money when doing repairs on my home. I installed new windows a couple of months ago. Thanks so much for the article. I like this site! :)

    Zooey Home Owner Tax Credit

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