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REBATES, TAX CREDITS, AND INCENTIVES
Renewable energy and energy efficiency solutions are now more affordable than ever thanks to the abundance of available rebates and incentives. GEO (Governor's Energy Office) Rebates: The Governor's Energy Office will be announcing rebates for solar electric and domestic solar water heating systems, as well as energy efficiency home improvements in January 2010. Please check the GEO Website for details. NEHI recommends you receive your quote in advance so you are prepared to act quickly before these rebates run out. Solar Electric (PV) Systems: (Federal Income Tax Credit) A federal income tax credit of 30% of the system cost is available for solar electric (PV) systems. Energy and Utility Customer Rebates: Energy and Utilities offer their customers substantial rebates to install solar electric (PV) panels. Rebate levels are:
* Energy has introduced a new tiered system for their Solar*Rewards rebate program. Currently, the rebate will be a $2.00 rebate payment, plus a $.70 REC. The REC portion will continue to drop when each tier has reached its maximum capacity. **Energy solar rebate dropped on January 15, 2010. Current REC payments are $0.70 per DC Watt, but could change depending on when your application is actually received. Solar Water Heating (Thermal) Systems: (Federal Income Tax Credit) A federal income tax credit of 30% of the system cost is available for solar water heating systems. Wind Energy Systems: (Federal Income Tax Credit) A federal income tax credit of 30% of the system cost is available for wind energy systems. Energy Efficiency – Air Conditioning, Heating, Insulation, and Other Energy Efficiency Improvements: (Federal Income Tax Credit) A federal income tax credit of up to $1500 is available for qualified home energy efficiency improvements such as insulation, high-efficiency air conditioning systems, high-efficiency heat pumps and more. To learn more about qualifying for these rebates, please contact us. Insulate: The Governor’s Energy Office, Energy and participating jurisdictions are currently offering rebates for homeowners who improve the insulation and air sealing in their homes. Rebates are equal to 20% of total cost of insulation and air sealing upgrades or $300 (whichever is less.) To find out if you can qualify, please contact us. Energy Energy Efficiency Rebates: Energy natural gas and electric customers are eligible for a variety of rebates for energy efficiency home improvements. Heat Pump Rebates: United Power customers qualify for rebates from United Power and their wholesale power supplier, Tri-State Generation Transmission. For the installation of Air-source heat pumps, customers can receive rebates of $150/ton from Tri-State plus $400 Rebate from United Power. (There is also a Bonus $150 Rebate if the equipment is Energy Star Rated.) |
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