Monday, June 29, 2009

$28 million in Stimulus provides RVA Homeowners with Energy Efficiency Rebate of up to $2,000; Federal Tax Credits of 30% of purchases

If you caught NBC WWBT 12's new story this morning, you already know that Virginia is receiving $28 million from the Federal government to help homeowners become more energy efficient in the form of an energy rebate of up to $2,000. According to the news story by Laura Geller, if the stimulus program is successful, Virginia is apt to receive another $35 million.

These Virginia state rebates are in addition to the Federal Tax Credits we told you about earlier this year.

If you own an existing home, you can qualify for Federal Tax Credits of 30% of the cost, up to $1,500, in 2009 and 2010, for replacement windows and doors, insulation, roofs, HVAC, water heaters (non-solar) and biomass stoves. For HVAC, this means energy efficient air conditioners, heat pumps, climate controls or programmable thermostats, etc. Sure, up to $1,500 credit is really good but listen up.

Here's the unbelievable news... If you are a homeowner of an existing home OR if you are building a new home, Federal tax credits are available at 30% of the cost, WITH NO UPPER LIMIT for the following: Geothermal Heat Pumps, Solar Heat Panels, Solar Water Heaters, as well as small wind energy systems and fuel cells.

This is in addition to the Virginia State rebate on energy efficiency just announced, of up to $2,000. As soon as the details of the stimulus rebate are posted on the VA Stimulus website, we will post again to give you that link.

Marshall Mechanical is experienced in installing Geothermal Heat Pumps by WaterFurnace and is a WaterFurnace HVAC dealer right here in Richmond VA. WaterFurnace has helpful information on their website to educate the home owner about using the 30% tax credits.

Like to know more about what the U.S. Department of Energy Efficiency and Renewable Energy has to say about the Return on Investment of Geothermal Heat Pumps? You can read the full article right here. What you need to know is that while the installation price is of a geothermal unit is higher than that of traditional air-source systems of the same heating and cooling capacity, the additional costs are returned to the homeowner in energy savings in as little as 5-10 years. System life is estimated at 25 years for the inside components and 50+ years for the ground loop.

At Marshall Mechanical, we are your Richmond VA Green Home and Energy Efficiency experts. We will help you navigate through the Virginia State Stimulus Rebate for Energy Efficiency and we will help you get the paperwork right to apply for the Federal Tax Credits. Most of all, we will work with you one-on-one to take the time to answer all your questions about what HVAC units or programmable thermostats are best for your home. We can even give you a estimated calculation of Geothermal heat pump monthly savings for your home in just minutes.

Your Richmond area home is an investment. Let us help you maximize it. Call Sean Cantrell or Mike Smith at 804.323.0189 today to help you take advantage of the Virginia energy efficiency stimulus rebates and Federal tax credits. And then enjoy your comfortable home and your energy savings for years to come.
$28 million in Stimulus provides RVA Homeowners with Energy Efficiency Rebate of up to $2,000; Federal Tax Credits of 30% of purchasesSocialTwist Tell-a-Friend

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