A recent offering from the Energy Star program can help homeowners and remodelers leverage increased federal incentives. Under the Inflation Reduction Act, homeowners can receive a tax credit of up to $3,200 to lower the cost of energy-efficient home upgrades by up to 30%.
The Energy Star Home Upgrade is a set of six electrical efficiency improvements designed to deliver significant homeowner savings. This presents a great opportunity for remodelers to provide sizable energy and cost savings for customers. The six improvement areas are:
1. Clean heating and cooling. A certified heat pump can qualify homeowners for a tax credit of 30% of the project cost up to $2,000.
2. Heat pump water heater. Water heaters use about 20% of a home’s energy, and a certified heat pump water heater uses 70% less energy than a standard model.
3. Smart thermostat. These are an inexpensive way to help consumers save money on utility bills.
4. Well-insulated and sealed attic. Sealing air leaks and adding insulation can help homeowners save up to 10% on their annual energy bills.
5. High performance windows. Certified windows lower household energy bills and reduce UV sun damage to floors, carpets, and furniture.
6. Electric-ready wiring and panel improvements. Electric-ready means getting the wiring in a home ready for the new demands that come from electric heat pumps, water heating, cooking, and EV chargers.
Add new comment
Related Stories
West Shore Home Names New Chief Marketing Officer
Al Patel will lead marking efforts at the home improvement company
5 Home Improvement Pros Share Lead-Gen Hits, Misses, and Maybes
The most challenging part of generating leads isn’t the rising cost, it’s finding the right strategy that won’t break the budget
About Face
Why one home improvement leader switched his company’s approach from traditional media to face-to-face marketing
Registration Opens For 2025 International Builders’ Show
Register now for the National Association of Home Builders' mega tradeshow
7 Tips For Transitioning Out Of Your Business
Mark Richardson offers guidelines on how remodelers can make their next chapter the best one yet
· sponsored
Boost Revenue with Real-Time Live Transfers
Over 37% of homeowners* prefer an initial phone call from their contractor.
Building Envelope Solutions To Eliminate Thermal Bridging
Contractors must recognize how and where thermal bridging occurs so they can employ methods to eliminate it
Zero+Zero=100
This CEO regularly found himself back at zero, but starting over again (and again) paid off
Remodeling Spending To Tick Up Through Mid-2025
The Leading Indicator of Remodeling Activity report says things will trend up after a modest downturn