The time of year is upon us when cooler days lead to cranked-up heat for a cozy home. For many homeowners, this means higher energy bills, not to mention finding every crack and crevice in your home where cold creeps in. These reasons may motivate you to think about home improvement projects or ways to create a more energy-efficient home. Interested? You’ll be happy to know that as an Indiana resident you may be eligible for various tax credits depending on the projects you undertake.
Give me a (tax) break
Tax credits aimed at increasing the number of energy-efficient homes in our state and our country are beneficial for Indiana and the planet. The more energy-efficient we become as a society, the more we decrease our nonrenewable resource consumption. Indiana offers property tax deductions for the installation and use of solar, wind, and geothermal technologies. This can apply not only to homeowners but to businesses and industrial companies.
Indiana “DSIRE”s home improvement
Indiana’s Database of State Incentives for Renewables and Efficiency (DSIRE) lists many incentives available for making energy-efficient home improvements. Some include energy delivery rebates through companies like Vectren and renewable energy property tax exemptions from Citizens Gas. It makes the case for purchasing more energy-efficient appliances and making home improvements that increase energy efficiency. Not only are such initiatives good for the planet, but they also put money back in your wallet.
Tools, taxes, and rebates
Purchasing energy-efficient appliances is an incredibly easy way to create more efficiency in your home. Companies like ENERGY STAR® offer rebate finder tools that can help you save money. Keep in mind that by converting to newer and more energy-efficient models of your most-used appliances, you will also save money on energy bills over time. Also, look into equipment tax credits through ENERGY STAR® to see if you’re eligible for this incentive. If you’d like to know more about the current energy efficiency level of your home, check out ENERGY STAR®’s Home Energy Yardstick tool.
Sometimes the vast terrain of implementing energy efficiency can feel daunting, as newer and improved models of appliances from refrigerators to water heaters are continually being developed. The professionals at Service Plus are here for you and happy to answer questions regarding our most recommended models of heating and cooling systems. Contact us at (317) 434-2627.