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How to save on your energy bill while improving the environment!. Presented by COYLEAN SCHLOEGEL WASHINGTON ST. TAMMANY ELECTRIC, COOPERATIVE. So how can I start saving?. There are three big ways residential consumers can connect to energy savings through the stimulus:.

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How to save on

your energy bill while improving the environment!

Presented by COYLEAN SCHLOEGEL

WASHINGTON ST. TAMMANY ELECTRIC, COOPERATIVE


So how can i start saving
So how can I start saving?

There are three big ways residential consumers can connect to energy savings through the stimulus:

Renewable Energy Tax Credits

(2009—2016)

Weatherization Assistance Program

Energy Efficiency Tax Credits

(2009, 2010)

Community Action Committees


Weatherization pays
Weatherization pays!

Why is weatherizing (sealing air leaks, proper insulation) your home important?

Heating and cooling expenses account for 43 percent of an average home’s energy bill.

The Department of Energy estimates the average U.S. home could save $358a year in energy costs through weatherization.


Average home energy costs
Average Home Energy Costs

Source: 2007 Buildings Energy Data Book, Table 4.2.1, 2005 energy cost data.



Result

“OK, I’m sold—making my home more efficient is a great idea!

But what if I don’t have the money to make

the upgrades?”

RESULT?


Option 1 energy efficiency tax credits
Option 1: idea! Energy Efficiency Tax Credits


Energy efficiency tax credits
Energy Efficiency Tax Credits idea!

Get a tax credit for up to $1,500 dollars on the cost of insulating, sealing and weather-stripping your home.

The credit is for 30 percentof the cost of qualifying improvements made to an existing home in 2009/2010.

There’s a $1,500 cap for BOTHyears (can not receive $1,500 in 2009 and another $1,500 in 2010).

Use IRS Form 5695 to claim the credit and get a Manufacturer Certification Statement for your records.


Energy efficiency tax credits1
Energy Efficiency Tax Credits idea!

How do I find out what qualifies?

ENERGY STAR, a joint program of the DOE and U.S. Environmental Protection Agency, sets efficiency guidelines for appliances, heating and cooling systems, and more.

A list of items qualifying for stimulus tax credits is available at www.energystar.gov, keyword ‘tax credits.’

NOTE: Not all ENERGY STAR models qualify for a tax credit!


Energy efficiency tax credits2
Energy Efficiency Tax Credits idea!

What part of the cost is covered?

Installation costs are NOT covered by the tax credit for windows, doors, insulation, roofs.

Installation costs ARE covered for HVAC (Heating, Ventilation and Air Conditioning) systems and biomass stoves.


Energy efficiency tax credits3
Energy Efficiency Tax Credits idea!

Examples of what qualifies:

Exterior Windows,

Doors and Skylights

Storm Windows

and Doors

Must have a Solar Heat Gain Coefficient (SHGC) and U-factor less than or equal to 0.30

When combined with the

window/door over which it’s

installed, it must meet the

International Energy

Conservation Code (IECC)

in your climate zone.


Energy efficiency tax credits4
Energy Efficiency Tax Credits idea!

Examples of what qualifies:

Metal, Asphalt Roofs

Insulation

All ENERGY STAR metal and asphalt roofs qualify. Must be expected to last 5 years or have a 2 year warranty.

Primary purpose must be to insulate. For example, vapor retarders are covered but insulated siding does not qualify. Also must meet 2009 IECC and be expected to last 5 years or have a 2 year warranty.


Energy efficiency tax credits5
Energy Efficiency Tax Credits idea!

Other qualifying upgrades:

Central Air Conditioning

Air-Source Heat Pumps

Natural gas or propane furnace

Gas, propane, or oil hot water boiler & oil furnace

Advanced main air circulating fan

Select non-solar water heaters

Biomass stoves

Remember to check ENERGY STAR to see guidelines!


Option 2 renewable energy tax credits
Option 2: idea! Renewable Energy Tax Credits


Renewable energy tax credits
Renewable Energy Tax Credits idea!

Get a tax credit for 30 percent of the cost—no cap!—for installing renewable energy generation.

The credit is for 30 percentof the cost of qualifying improvements made to both existing homes and new construction between Jan. 1, 2009and Dec. 31, 2016.

There is no cap on the credit.

Covers material costs and installation.

Use IRS Form 5695 to claim the credit and get a Manufacturer Certification Statement for your records.


Renewable energy tax credits1
Renewable Energy Tax Credits idea!

Examples of what qualifies:

Geothermal

Heat Pump

Solar Water Heaters

Photovoltaic Systems

All ENERGY STAR geothermal heat pumps

qualify for the tax credit.

All ENERGY STAR solar water heaters qualify

for the tax credit. Must be used in the home; not for swimming pools/hot tubs.

Photovoltaic systems must provide electricity for the residence, and must meet applicable fire and electrical code requirement.


Renewable energy tax credits2
Renewable Energy Tax Credits idea!

Other qualifying generation:

Residential Small Wind Energy Systems

Residential Fuel Cell and Microturbine system (up to $500 per .5 kW of power capacity )


Question
QUESTION: idea!

Can I get an energy efficiency tax credit AND a renewable energy tax credit?

If you meet the criteria you can do that, but these are not refundable credits—they can increase your refund by reducing the taxes you owe, dollar for dollar, and can be carried forward to reduce your taxes in following years, but you don't get a check for the credit amount. 

Other tax questions? Talk to your tax advisor!


Option 3 weatherization assistance
Option 3: idea! Weatherization Assistance


Weatherization assistance
Weatherization Assistance idea!

Don’t have the money to make improvements? You might qualify for the Weatherization Assistance Program.

For households earning up to 200 percentof the national poverty level, the federal Weatherization Assistance Program provides an average of $6,500in efficiency upgrades (previously $2,500).

For a family of four, that’s an income limit of $44,100.

Must apply through local Community Action Committee.


Weatherization assistance1
Weatherization Assistance idea!

For families with more than 8 persons, add $7,480 for each additional person.


Members who qualify for the weatherization assistance program may contact
Members who qualify for the Weatherization Assistance Program may contact:

Louisiana Housing Finance Agency2415 Quail DriveBaton Rouge, LA 70808Phone: 225-763-8700Fax: 225-763-8710

The Weatherization Program contact is:

Darleen OkammorManagerPhone: 225-763-8700 ext 234Email: [email protected]


Question how can you save with the stimulus
Question: How can you save with the stimulus? Program may contact:

Remember, there are three ways you can connect to energy savings through the stimulus:

Renewable Energy Tax Credits

(2009—2016)

Weatherization Assistance Program

Energy Efficiency Tax Credits

(2009, 2010)

Community Action Committees


But wait there s more
But wait, there’s more! Program may contact:


Special co op programs
Special Co-op programs Program may contact:

Washington St. Tammany Electric, Cooperative also provides incentives for our members to make their homes efficient!

Example A

Example B

For special state rebates, check the Database for Statewide Initiatives for Renewable Energy and Energy Efficiency, www.dsireusa.org.


Questions? Program may contact:

Coylean Schloegel, Washington St. Tammany Electric, Cooperative

[email protected], 985.839.3562

www.wste.coop


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