Texas Electricity Company Releases Report on the Energy Efficiency Tax Credit

Bounce Energy is a Texas Electric Company based in Houston. Bounce Energy’s goal is provide more than low Texas Electric Rates to our customers. With innovative and flexible plans, excellent customer service, and superior customer rewards, Bounce Energy offers a unique approach to Texas electricity.

(ArticlesBase SC #1397663)

Article Source: http://www.articlesbase.com/ – Texas Electricity Company Releases Report on the Energy Efficiency Tax Credit

Bounce Energy, a Texas electricity company, has posted an easy to read report on its website to help consumers who are considering whether or not to take advantage of the 2009-2010 Energy Efficiency Federal Income Tax Credit.

The US Government’s Energy Star Program reports that the typical American household spends approximately ,300 per year on home energy bills. The Environmental Protection Agency estimates that homeowners can typically save up to 20% of heating and cooling costs (or up to 10% of total energy costs – or 0) by air sealing their homes through caulking and sealing drafts. Furthermore, a home owner can save up to 0 from their annual heating and cooling costs by sealing leaks and insulating their duct work.

So, for less than 0 and just a few weekend hours of sealing holes and cracks or tape over leaky duct work, a homeowner can potentially save up to 0 from their annual heating and cooling costs.

In fact, any energy efficiency improvements immediately lower energy bills and will pay for themselves over time. This is especially true when considering the major hardware components of a home:

Drafty windows or doors that fail to close snugly and allow water to penetrate and rot the sills Water heaters with sediment-filled or corroded tanks that will leak and fail Heating and air conditioning systems (HVAC) built with inefficient heat-exchangers and high-wattage electronics that waste energy and cause heat Wood-burning stoves or furnaces (or other “biomass fuel”) that burn poorly, heat poorly, and release waste gases Roofs that trap heat and increase the cooling load Not enough attic or wall insulation to maintain the home’s temperature

For the report, they cite an example of a modest starter home: a single-story 3-bedroom 1750 sq. foot home built in 2008 on the Gulf Coast. By installing Energy Star-rated hardware upgrades such as new triple-pane insulating low-E, argon gas wood-framed windows, a whole-house on-demand water heater, and adding 6 inches of attic insulation, a homeowner can recoup 56% from their yearly energy costs. By adding in the energy tax credit, the owner can receive nearly ,000 on a 50 investment.

Energy efficient features will also enhance the market value and saleability of a home and –most importantly – improve its comfort and livability.

The 2009 and 2010 Energy Efficiency Tax Credit for home improvements is a tax credit of 30% or ,500 for energy efficient improvements that consumers make to their existing home. In order to claim the credit, the energy efficient improvements must be qualifying Energy Star-rated products and placed in service from January 1, 2009 through December 31, 2010.

According to the Energy Star website (www.energystar.gov):

Basically you can spend up to ,000 during this 2 year period on a single or multiple improvements, and get 30% or ,500 (30% of ,000 = ,500) back as a tax credit. If you get the entire ,500 credit in 2009, then you can’t get anything additional in 2010. The ,500 tax credit does not double for married people filing jointly… unless both spouses owned and lived apart in separate main homes.

The tax credit does not include things like caulking and weather stripping. Rather, the tax credit aids in replacing those major hardware components of a home such as windows, doors, insulation, roofs, HVAC, non-solar water heaters, or biomass (usually wood) stoves. Some installation costs are covered, such as non-solar water heaters and heating, ventilation and air conditioning systems (HVAC).

In addition to the credit for existing homes, there is a credit with no final cost limit for more complex yet far-efficient projects that promote energy independence: geothermal heat pumps, solar water heaters, electricity-producing solar panels (PV), fuel cells, and small wind energy systems. Projects like these will receive a credit of 30% of their total cost and have until 2016 to be placed in service.

The Energy Star website has wealth of information as well as links to other government websites about all the improvements covered in Bounce Energy’s report. Remember these are all upgrades that keep saving money each year. Some can be improved on further, one step at a time.

So, is the Energy Tax Credit worth it?
Bounce Energy says, “Yes, the Energy Tax Credit is worth it because an energy efficiency improvement will save energy and money and make your home more comfortable. As you can see there are many, many ways to capitalize on energy efficiency improvements to your home; from the weekend with a caulking gun to a four week wind turbine adventure with a 60 foot crane. You might even become so energy efficient you’ll be energy self-sufficient.”

Retrieved from “http://www.articlesbase.com/home-improvement-articles/texas-electricity-company-releases-report-on-the-energy-efficiency-tax-credit-1397663.html”

(ArticlesBase SC #1397663)

Bounce Energy -
About the Author:

]]>

Rate this Article

1
2
3
4
5

vote(s)
0 vote(s)

Feedback
RSS
Print
Email
Re-Publish

Source: http://www.articlesbase.com/home-improvement-articles/texas-electricity-company-releases-report-on-the-energy-efficiency-tax-credit-1397663.html

Article Tags:
energy, energy tax credit, energy efficiency, home improvement, energy tips

How to Save Energy – Energy Mythbusters

Fine Living’s Smart Tips on energy mythbusters. (01:01)

How to Save Energy – Tips

Here are Fine Living smart tips for saving energy. (01:02)

How to Use Less Energy

Here are Fine Living smart tips to help you use less energy. (01:01)

How to Reduce Energy Consumption

Here are Fine Living’s smart tips for reducing energy consumption. (01:02)

How to Insulate your Attic

A properly insulated attic can help you save energy and money. And with tax credits available, it’s a great incentive to start now. Learn how to do-it-yourself.

(02:45)

New Canadian Home Renovation Tax Credit

The Canadian government revealed on January 27th, 2009 a temporary Home Renovation Tax Credit.

By:
Diane Salmanl
Home Improvementl
Feb 04, 2009
lViews: 1,785
lComments: 2

Tips for Successful Home Improvements

Before you begin your home improvement project, here are a few key tips for planning a successful project that will being you joy for many years to come.

By:
Mike Blank, CGR CAPSl

Home Improvement>
Remodelingl
Jun 22, 2010

Headline Are There Tax Incentives for Green Homes?

Here at Dream Town we realize the value of all things Green and as such are always on the lookout for Green incentives and tips that we can pass along to help further the cause. An excellent place to start is the Database of State Incentives for Renewables & Efficiency (DSIRE)’s website www.dsireusa.org. They have a complete database of all state incentives and policies for renewables and efficiency as well as provide links to Federal incentives. These incentives come in the form of tax break

By:
Spencer Masonl

Finance>
Real Estatel
Jan 13, 2010

REPLACEMENT WINDOWS RALEIGH & WINDOW REPLACEMENT BUYING TIPS

Of the many choices homeowners have to upgrade and update their homes, replacing old window is a wise choice. New windows have a double benefit: beauty and energy savings.

By:
Kevin Kieltyl
Home Improvementl
Sep 23, 2009

Replacement Windows Raleigh & Window Replacement Buying Tips

Drive around any older neighborhood, and you will instantly identify the homes that have had old windows replaced. Shabby, corroded aluminum windows and worn and peeling wooden windows age a house and make it look unkempt

By:
Groshan Fabiolal
Home Improvementl
Sep 21, 2009

Tips To Save On Household Expenses

Most of us may know that the cost of running a household keeps increasing. Daily expenses such as food and utilities may be taking a larger portion of our income each month.

By:
Bill Loughboroughl

Finance>
Creditl
Feb 16, 2009

Northern Virginia Replacement Windows Buyer’s Guide – Tips And Information For Vinyl Window And Door Summer Installation Around DC

As the dog-days of summer in the DC metro region fall upon us, Congress leaves this muggy, humid area for its summer recess, and air conditioners are working full tilt to keep up with the demand – it’s a great time to replace your windows or doors – particularly with long-lasting energy efficient Northern Virginia replacement windows and doors from Vinyl-Lite Window Factory in Northern Virginia.

By:
Virginia Konradl

Home Improvement>
Interior Designl
Aug 03, 2009

Roofing Methodologies are changing with technology

Roofing had gone out of fashion; it is few companies that are providing such elegant solutions that people have started reconsidering their options for room.

By:
Frankjitl
Home Improvementl
Dec 11, 2010

Steps to Design a Wireless Home Security Alarm System

If you would like to feel safe in your home, it is better for you to consider the use of home security alarm system that will be great for your needs. This kind of system is installed to give the best protection for you so you can use it as the best help for you. If you would like to design this kind of system for your needs, just be sure to follow the procedure given below.

By:
Gregory Ortizl
Home Improvementl
Dec 10, 2010

Steps to Improve Home Security

Having a good home security is an important thing you need to think about because it will be made to give the best protection for your family so you can be sure that it works well for your needs. To add more security, there are some tips that you can do so you can take benefits from them. Just follow the tips below and get the best help for your needs.

By:
Gregory Ortizl
Home Improvementl
Dec 10, 2010

Tips to Purchase a Wireless Home Security Alarm System

A wireless home security alarm system is easy to install and it is able to give the best protection into your home so you will be sure that it will work well for your needs. If you would like to buy this unit for your needs, it is an important for you to do some research so you will not make any mistake that will make you feel sorry. For further information, just read this review below.

By:
Gregory Ortizl
Home Improvementl
Dec 10, 2010

Steps to Develop a Home Security Plan for Your Home

Everybody would like to feel safe in their homes so they do not need to be worried about anything. To support you in feeling safe, it is a good idea to develop a home security plan that will be great for your needs. If you need more information about it, it will be a good idea to read this review below.

By:
Gregory Ortizl
Home Improvementl
Dec 10, 2010

Home Security Ideas: Important Information You Need to Know

There are some home security ideas that you need to know so you are able to find the best idea that will support you in giving the best protection for your family. The right idea you take will be able to increase the home safety provided so you will be sure that it is the best decision for your needs. In choosing the right idea for your needs, you must be sure that it is suitable with your budget so you can be sure that it will work well for your needs.

By:
Gregory Ortizl
Home Improvementl
Dec 10, 2010

How to Utilize a Home Security System with Alarm Rightly

The use of home security with alarm is really important because it is designed to give the best protection for your family and home so you can take benefits from it. If you are able to use it rightly, you can make it work properly so you can be sure that it will be useful for your needs. If you do not know on how to use it very well, it is better for you to read this review below that will be great for your needs.

By:
Gregory Ortizl
Home Improvementl
Dec 10, 2010

Things to Know About Homemade Wind Generators

Electricity rates are increasing slowly as the years and the months pass, and with the recession and the economy today, there’s no wonder why we all want to save a few bucks on our expenses. A good thing is that consumers have an alternative to answer the concern, and that is to build homemade energy generators in the form of solar panels and wind generators. While the solar panels are the most popular ones today, wind generators are also catching up in terms of popularity.

By:
Sam Jonesl
Home Improvementl
Dec 10, 2010

How Houston and Dallas Area College Students Save Extra Money on Their Bills

One of the most surprising expenses that young people face when first living on their own is the cost of utilities. Without a little planning and forethought students can wind up paying hundreds extra in power, phone, water, Internet, and cable bills. There are tips and techniques that can be used to mitigate the costs of these utilities to make living on your own much less expensive.

By:
Bounce Energyl
Home Improvementl
Nov 22, 2010

What to Expect From Natural Gas Prices in 2011

Natural gas and oil have been twin commodities that helped build Texas. Natural gas pipelines stretch in all directions from Texas and it has long been used throughout the US for heat, light, and electrical generation. In this country its price has long been bound to oil, so power generating companies have paid more for natural gas than coal, nuclear, and wind. Because it is the most expensive and so heavily relied upon in Texas, the price of natural gas determines the price of Texas electricity

By:
Bounce Energyl
Home Improvementl
Nov 19, 2010

How Gas vs Electric Heaters Affect Your Texas Electricity Bill

When owning a home, you must understand the difference between a gas or electric heater. Depending on what is installed in your house, both the gas and the electric heaters have their advantages as well as their disadvantages which can affect your Texas electricity bill.

By:
Bounce Energyl
Home Improvementl
Nov 17, 2010

Top 10 Power Hogs in the Winter

In this article, we will look at 10 common appliances that are energy hogs in the winter. Energy-conserving ideas and tips are given, but be willing to look at these as a place to start. Do diligent research into the ever-expanding contributions of alternative energy to find ways to increase energy conservation.

By:
Bounce Energyl

Home Improvement>
Tools and Equipmentl
Nov 02, 2010

New Services By Google and Microsoft Aim to Bring Energy Savings to Texas Homeowners

The need to find new ways to cut costs and save money becomes more compelling as energy prices continue to rise along with the average homeowner’s finances. Two new services from Microsoft and Google are on the way with some new tools to help Texas homeowners save money on their electricity bill.

By:
Bounce Energyl
Home Improvementl
Sep 30, 2010

Energy Efficiency Tips for College Students

Speaking as a graduate student who has been living on her own since March, I try every possible way to be energy efficient in order to help conserve our planet as well as help my wallet! At this day and age it seems like being energy efficient is a fad or trend but it should be looked as a way of life that is here to stay.

By:
Bounce Energyl
Home and Familyl
Sep 20, 2010

A Comprehensive Look At Deciding On A New Texas Electricity Provider

Since the Texas electricity market became deregulated at the end of 1999, residents have been able to choose their own energy provider to power their Texas home. With so many retail electricity providers in the market, it’s hard to choose just one to power their homes. Here are the things to consider when choosing a retail electricity provider.

By:
Bounce Energyl
Home Improvementl
May 24, 2010

A History Of Electricity Innovation

Many of us are familiar with Benjamin Franklin’s and Thomas Edison’s role in the history of electricity, but there were many other inventors that contributed greatly to our modern uses of electricity. These inventors sought to improve upon old ideas and innovated the electric industry.

By:
Bounce Energyl

Education>
Historyl
Mar 04, 2010

Add new Comment

Your Name: *

Your Email:

Comment Body: *

Verification code:*

* Required fields

Submit

Your Articles Here
It’s Free and easy

Author Navigation

My Home
Publish Article
View/Edit Articles
View/Edit Q&A
Edit your Account
Manage Authors
Statistics Page
Personal RSS Builder

My Home
Edit your Account
Update Profile
View/Edit Q&A
Publish Article
Author Box

Bounce Energy has 20 articles online

Articles Categories
All Categories

Advertising
Arts & Entertainment
Automotive
Beauty
Business
Careers
Computers
Education
Finance
Food and Beverage
Health
Hobbies
Home and Family
Home Improvement
Internet
Law
Marketing
News and Society
Relationships
Self Improvement
Shopping
Spirituality
Sports and Fitness
Technology
Travel
Writing

Home Improvement

Bath Showers
Construction
DIY
Furniture
Gardening
Home Security
Interior Design
Kitchens
Landscaping
Moving and Relocating
Pest Control
Remodeling
Tools and Equipment

]]>

Need Help?
Contact Us
FAQ
Submit Articles
Editorial Guidelines
Blog

Site Links
Recent Articles
Top Authors
Top Articles
Find Articles
Site Map

Webmasters
RSS Builder
RSS
Link to Us

Business Info
Advertising

Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License.
Copyright © 2005-2010 Free Articles by ArticlesBase.com, All rights reserved.

Music video by Free Energy performing Free Energy.

Texas Electricity Company Releases Report on the Energy Efficiency Tax Credit

Recent Posts

Recent Comments

Archives

Categories

Meta