With the end of 2016 and the release of everyone’s w-2 employment forms being released, we begin Tax season. While the final due date for your taxes isn’t until April 18th, getting a head start on preparing them is never a bad thing. Besides, the sooner you file your taxes the sooner you’ll receive your tax reimbursement. What do we love most about that annual duty we dislike the most? Energy efficiency credits. One of the reasons we recommend doing taxes early is so you can evaluate possible tax credits and see if you qualify. Plus, it gives you that much more time to plan to qualify for credits for the next year by acting this year.
Claiming 2016 Energy Rebates
Tax credits and rebates that you may be eligible to claim originate with Energy Upgrade California, PG&E, and Federal stimulus tax credits. All of these credits come from investing in higher efficiency systems and cleaner energy sources. Depending on how much effort you put into upgrading your home, incentives will differ. Here are a few things you can invest in for your home that result in tax credits/rebates:
- Leakage sealing
- HVAC Upgrades
- Energy Efficient Water Heaters
- Window Replacements
- Solar Shades
If you’d like to know more about how to save through tax credits, give us a call and for more specific information on how energy efficient systems and installations can help.
How to be Eligible for Rebates in 2017
One of the benefits of looking ahead to the new year is that you can plan to install a new energy efficient system during the year. Instead of waiting for the summer heat to roll in and your current system to break you preemptively replace it and start saving on energy costs. For example: PG&E offers many rebates on energy-efficient systems. By reducing the amount of energy you use, you not only save on your monthly bill but on the purchase of your new system as well.
And, if you’re currently using electric-only appliances, it’s worth considering a switch to natural gas-powered water heating or climate controls. There’s always a solution and always an option for a more energy-efficient system. The rebates and tax breaks are simply an added bonus. You can learn more here.