Kerry Veach, Owner/Broker RE/MAX Souther Realty - Destin Florida homes for sale, Destin Florida real estate

Posts Tagged ‘green energy’

Financing for Energy Efficiency and Renewable Energy Installations

Friday, March 16th, 2012

If you’re one of the many Northwest Florida homeowners who have considered energy efficient upgrades, Green Asset Finance might be able to help you.  This Florida based consulting firm has developed a new loan program offering financing for EERE (Energy Efficiency and Renewable Energy) products.  This program extends to both contractors and residents.  There is no maximum loan amount or hidden fees, and rates are competitive with flexible terms.

The best form of renewable energy that we have in Florida is solar energy.  You can use this energy to generate electricity, heat water in your home or pool, and light your home both indoors and outdoors.

Another great renewable energy source is wind energy.  You can generate your own electricity if you live on at least one acre of land that has ample wind resource using a small wind electric system.  You could even use a small wind turbine for pumping water.

If you are looking for simpler products, you should consider energy efficient home appliances.  These include clothes washers and dryers, computers, dishwashers, home audio equipment, refrigerators and freezers, room air conditioners, televisions, DVD players, and water heaters.  When you’re shopping for appliances, make sure you look for the ENERGY STAR label.  These products must adhere to strict guidelines established by the US Department of Energy and US Environmental Protection Agency.

If you’re not sure which direction to go and would appreciate the assistance of a professional, you can have a home energy assessment conducted.  This will determine how much energy your home consumes, and what changes can be made to improve your home’s energy efficiency.  The auditor will do a thorough inspection of each room, the exterior, and an examination of past utility bills.  Your local government agency or weatherization center should be able to provide a list of professional energy auditors.

The Destin, Florida area provides a great deal of “green” opportunity.  Whether you are interested in buying or selling your home here, contact Kerry Veach – Northwest Florida’s Real Estate Specialist.

Tax Credits for Energy Efficiency

Thursday, February 23rd, 2012

Did you know that you could save big bucks by installing “green” home improvements such as an energy efficient roof and insulation, a geothermal heat pump, energy star windows and/or doors, or a small wind energy system?

Here’s the breakdown:

A small wind energy system consists of a small turbine which gets wired into your home’s electrical grid.  As the propellers turn, the turbine produces kinetic energy which is then converted into electricity.  This nifty little contraption could lower your electric bill by at least 50%, or $600/year, and can generate 30% – 80% of the electricity needed for an entire household.  It’s also eligible for a 30% tax credit for the total cost of equipment and installation.  A wind turbine is a good investment for households which average at least $150/month in electric bills.  And of course, it doesn’t hurt to live in an area that produces relatively good winds.

Don’t think that because it’s called a geothermal heat pump, it only produces heat.  In fact, a geothermal heat pump serves as a replacement for the more traditional HVAC system.  On top of that, installing one makes you eligible for a 30% tax credit.  And because it uses 25% – 50% less electricity than a traditional HVAC system, so you can save about $600/year on heating and cooling costs.

Anyone who has ever lived in a drafty home understands the importance of good windows and doors.  For storm door or standard door replacements, you can claim up to a $500 tax credit.  For storm windows or standard window replacements, you can claim up to a $200 tax credit.  For skylight replacements, you can also claim up to $200.  The only pitfall to this is that 2011 was the last year you could install to qualify for these credits.

Of course, energy efficient windows and doors will perform much better in a well insulated house.  If you added insulation to your home in 2011, you could qualify for a tax credit up to $500.

If you installed a new heat efficient metal or asphalt roof to your house in 2011, then you could qualify for a $500 tax credit.

And last, but certainly not least on the list, is a non-solar energy efficient water heater.  If you installed on of these in 2011, you can qualify for up to a $300 tax credit on equipment and installation.

To determine if the system or systems you installed qualify for the above mentioned credits, visit the Energy Star Website.  Make sure you save, or have saved, all receipts and certifications for equipment and installations.  And finally, file Form 5695 with your tax returns this year.

If you are thinking of selling or buying a home in the Northwest Region of Florida, contact The Veach Team for a complimentary consultation.


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