There are a lot of good reasons to consider alternative energy systems for your home. You may want to lower your utility bills and have the security of not being totally dependent on the “grid” for your home energy needs. You may have concerns about the environment and want to do everything you can to minimize your own carbon footprint.
The up-front cost of alternative energy systems, though, may have you reluctant to move forward with your ideas. Fortunately, tax credits are available that will significantly reduce your costs, so this may be a good year to implement your home energy makeover project.
The state of Arkansas has an alternative energy rebate program which runs through March of 2012, unless funding runs out before then. It offers rebates on the output of solar hot water systems, photovoltaics (electricity generating solar panels), and wind energy systems until the program expires.
Federal tax credits are available for energy efficiency and alternative energy projects. Some of the materials and equipment that qualify for tax credits include:
- Materials for upgrading insulation in your home;
- Reflective roofing materials;
- Energy Efficient Doors and Windows;
- Geothermal heat pumps;
- Small wind turbines; and
- Solar Energy Systems.
The tax credits for doors and windows, insulation and reflective roofing materials expire at the end of 2011, while credits for geothermal, wind and solar systems last until the end of 2016.
Our Arkansas climate and geography make geothermal heat pumps an attractive alternative energy option. These systems use the constant temperature of the soil several feet below ground level to make a heat pump run more efficiently than an old style air-source heat pump. The federal tax credit will cover 30 percent of your cost, so this could be an attractive economic option for your home.
It can be confusing to figure out which materials and systems qualify for tax credits and rebates, so call us at Paschal Heating, Air & Geothermal and we will be glad to share the latest information with you. We will work with you to make your home comfortable and energy efficient using the best technologies available.
Our goal is to help educate our customers about energy and home comfort issues (specific to HVAC systems). For more information, click here to download our free Home Comfort Resource guide.
Paschal Heating, Air & Geothermal services Northwest Arkansas. To get started, check out our website.