
It has always been a good idea to make your home more energy efficient but with the new tax credits the Obama Administration has made, you can get up to $1500 in credits for doing so. Not only will you get tax credits, it can lower your energy bills, and reduce your carbon footprint.
Congress tripled the tax credit for energy efficient home improvements with the latest stimulus plan. The tax credit covers up to 30 percent of the cost of products installed for the next two years.
Here's the list of items covered: windows, outside doors, metal or asphalt roofs, heating and cooling equipment, fuel cell batteries and others. The list is actually quite long. Unfortunately most energy star appliances are not covered but state and local programs sometimes do cover them, especially in states such as CA.
The number 1 place to start is your insulation. Putting in new windows doesn't matter if you have bad insulation because the air will just seep out of the wall and ceiling. A good place to start is putting foam or fiberglass insulation in your attic.
For heating and cooling equipment, furnaces, boilers and air conditioners are covered under the bill. This, along with insulation and windows will have a big impact on your energy bill every month. You'll find your house stays cool or warm much longer( also providing a sound barrier).
Making your home more energy efficient actually makes the air quality better, which increases your health and performance, which is just another added benefit to the money savings.
The average US energy bill is $1900 a year. Just by fixing your insulation (including your windows) you can save as much as $380 a year. Getting better heating and cooling equipment can save another $200 dollars.