Green Energy Tax Credits For Home Improvement & Energy Efficiency

Green Energy Tax Credits For Home Improvement & Energy EfficiencyMany individuals and families are looking for ways to reduce their energy consumption. Running the heater during the winter and the air conditioner during the summer can have significant impacts on someone’s energy consumption and costs. It should come as no surprise that many people are trying to reduce their HVAC usage to save money; however, there is a better way.

Individuals and families can permanently reduce their fossil fuel usage and carbon footprint by investing in home improvements. Better yet, local, state, and even the federal government wants everyone’s home to be more environmentally conscious, or “green.” Many utility companies want people to act in the same way. That is why there is a slew of incentives for homeowners who are willing to make their homes more Earth-friendly.

Government Tax Credits For Green Initiatives

Many of the tax credits the government is offering for “going green” are going to run through the end of 2021. They are available to any homeowner in the United States who files a federal tax return. Applying for tax credits is done by filling out Form 5695 from the IRS.

Some of the biggest tax credits come from solar energy generation. The first example of a solar energy system comes in the form of a solar water heater. All Energy Star-rated solar water heaters will qualify for this tax credit. Typically, solar water heaters cost somewhere between $2,000 and $5,000. 

The other biggest source of solar energy comes in the form of solar panels. Solar panels need to generate electricity directly for the residency and must meet all safety codes. Typically, solar panels cost between $25,000 and $35,000. Even though these sound expensive, the costs are dropping quickly and the tax credit makes the system worth it in the eyes of many homeowners.

Wind Energy

Homeowners can also qualify for green energy tax credits through the use of wind energy. The cost of a wind turbine strong enough to power a home will vary widely. Some may cost $15,000 while others may cost $75,000. 

Keep in mind that, in addition to the tax credit, these systems may drastically cut someone’s utility costs. Eventually, these systems should pay for themselves. For this reason, green energy has become an attractive option for many homeowners. 

If you are in the market for a new home or interested in refinancing your current property, be sure to consult with your trusted home mortgage professional.

Reduce Your Carbon Footprint with These DIY Home Projects

Reduce Your Carbon Footprint with These DIY Home ProjectsYour carbon footprint is the measure of your impact on the earth’s natural resources. This number describes the amount of fossil fuel it takes to support your lifestyle. In the United States, each person produces an average of 19.78 tons of carbon dioxide every year. A high carbon footprint means your daily habits are a quickening drain on our finite resources. 

Homeowners can use these DIY projects to reduce the effect of their lifestyle on the environment.

Try Solar Solutions

A residential solar system gathers photo-voltaic energy from the sun and converts it into usable electrical current. Once installed, any energy your system produces is essentially free. However, the initial investment for a residential solar system to power your entire home can be prohibitively high. There are some ways to use solar power without a large upfront investment.

  • Take advantage of state and federal incentives to lower your out-of-pocket costs.
  • Opt for individual appliances like solar water heaters or solar lighting.
  • Talk to your utility provider about existing programs that allow you to sell back your excess power for bill credits.

You could also get your neighbor involved and build a neighborhood solar bank for charging batteries and electric vehicles.

Plant A Vegetable And Herb Garden

Food transportation is one of the leading contributors to greenhouse gases. Reduce your impact even further by growing some of your own food. Use containers, shelves, or construct a hanging wall garden to keep your home supplied with salad greens, tomatoes, and herbs of all kinds. Having a garden means fewer trips to the grocery store, which saves our supplies of natural gas.

Install A Clothesline

Skip the gas-powered appliances and hang your freshly washed laundry out on a clothesline to dry. When the weather is nice, your clothes will come back in with a sweet scent you can’t get anywhere else. And instead of spending the time staring at a spinning machine, you get the added benefit of fitting a little extra exercise into your day. You don’t have to completely ditch your dryer. Save it for rainy days or other unfriendly weather conditions.

Lowering your carbon footprint doesn’t have to be a big life change. Start with small steps and slowly build your property in an earth-friendly fortress.

If the projects or renovations you want to do are extensive, it may be a good time to contact your trusted home mortgage professional to discuss a refinance or a home equity loan.

3 Green and Gorgeous Trends in Home Design

3 Green and Gorgeous Trends in Home DesignThese days, people want energy-efficient homes that look great. To answer the call of passionate environmentalists, developer are rising to the occasion and designing home features that minimize waste, save energy and reuse reclaimed materials. The results are gorgeous, green homes that help move the sustainable living trend forward.

Hidden Solar Panels

Solar panels are a great way to save energy, but not everyone loves the optics. A series of solar panels on the roof may save you money on your utilities, but it can detract from the natural shape of your home. As an alternative, innovative in-roof solar panels are installed level with the roof line.

This is accomplished by designing a deeper roof so the solar panels are flush with your shingles or other roof material. Of course, this requires some forethought, but it’s not impossible to retrofit your existing home to take advantage of the clever development.

Reclaimed Materials

Deconstruction involves the “un-building” of a house. Specifically, when buyers or developers tear down a structure before building a new one, they attempt to reuse, salvage or donate as many materials as possible. Otherwise, all this material ends up in a landfill.

Reclaimed brick brings a rustic character to a new home. It also adds a historic appeal and interest to an interior or exterior space. Wood siding and beams reduce further deforestation and often give you beautiful hardwoods and rugged lumber that has stood the test of time. Reclaimed flooring often nets you thicker wood slabs that you can refinish for a powerful visual effect.

Bamboo is the ultimate sustainable building material. This fast-growing wood results in light-colored, unique wood floors. Although its’s softer than traditional hardwoods, it’s a great wood substitute that can regenerate in three years with minimal pesticides or fertilizers.

Large Windows That Conserve Energy

In the past 20 years ago, windows have gotten larger – and more energy-efficient than ever. High-performance glazing and innovative frames hold in heat in winter and cool air in summer.

Steel windows now open up and require fewer mullions to support larger glass panes, which reduces construction materials and air leakage. This means that green-minded homeowners can enjoy floor-to-ceiling views of the ocean or mountains without paying a huge utility bill or expending vast amounts of energy.

If you are in the market for a new home or interested in refinancing your current property, be sure contact your trusted home mortgage professional to learn about current financing options.

 

4 Important Reasons Why You Should Consider Buying A Green Home

4 Important Reasons Why You Should Consider Buying A Green HomeBuying a home is one of the most important decisions you can make. There are many decisions involved in choosing the right home from picking a real estate agent, to figuring out what type of home will suit your needs. You want the right sized rooms, a floor plan that fits your family, and certain home features you know you can’t live without.

With all the decisions you have to make surrounding your new place to live, you may want to consider buying a green home. Green homes can be a little more expensive up front, but over time they can save you money and pay for the upgrades. These are several reasons for deciding to buy a green home.

Air Quality And Health

Green homes are built with better air quality in mind. The materials used to build green homes improve the indoor air quality of your home. Furthermore, green homes are built to encourage indoor plant growth. Plants help clean our indoor air and reduce pollution and are an essential part of any green home.

Saving Water

Green homes are also built to conserve water. Buying a green home will cause you to use 30%-50% less water than in a conventional home. Conserving as much water as possible has become more important now than ever before and purchasing a green home can help you use less water.

Use Less Energy With A Green Home

Everyone would love to save money on their heating and electric bills. With a green home, you can do exactly that. Green homes use nearly 30% less energy and have over 30% less greenhouse gas emissions. This translates to savings on your utility bills every month.

Increase The Resale Value Of Your Home

A home isn’t only a place to live, but it’s also an investment. Purchasing a green home can be viewed as a wise investment, as many people consider green homes appealing. They’re attractive for their many cost saving and natural features, besides offering more sustainable living. For these reasons, your green home may increase in resale value.

There are many direct benefits to you by purchasing a green home. Not only do they help the environment, but they are good for your health and your energy bills. Consider making your next home a green home.

If you are in the market for a green home in your area, be sure to contact your trusted mortgage professional for financing options and a pre-approval.

5 Trends Shaping Green Homes

5 Trends Shaping Green HomesThink green home design is a fad? Well, think again. Sustainable home designs are gaining popularity at a breakneck speed. In 2017, green homes accounted for more than 60 percent of family home builder’s portfolios, according to a survey conducted by the National Association of Home Builders. 

But what is really driving green home designs? In this post, we explore five trends shaping sustainable homes. 

1. Energy Efficiency 

Home designs that cater to consumers’ need to reduce utility bills continue taking center stage. From net-zero energy homes to energy conserving products, home buyers want to save money. Moving forward, industry experts predict that ultra-efficient building designs like net-zero-energy or passive home designs will continue dominating the industry. 

2. Health 

Most home buyers are more aware of the dangers of chemicals than before. As such, most of them are seeking non-toxic interior products. The manufacturing industry trend is leaning towards healthier materials. As the demand rises and prices stabilize, these products are more likely to be game changers. Most home designs will probably focus on eliminating troublesome chemicals such as VOC paints and phthalate free flooring. 

3. Home Performance And Monitoring 

Home energy audits are major factors considered by consumers, and home performance is key. Some cities like Austin expect new homes to undergo performance tests before recommendation for resale. 

Energy software programs allow home builders and remodelers to monitor how slight changes in home designs can save thousands of dollars in utility bills. Homeowners are also benefiting from energy monitoring devices to track their household energy consumption. 

4. Water Efficiency 

80 percent of American states anticipate water shortages in a few years, says a Government Accountability Office survey. Therefore, wise water usage is becoming crucial as consumers demand for water efficient homes. Most builders are already getting their homes HERS Rated as consumers look for ways to save dollars from rising water prices. 

5. Biophilic Home Designs 

Nature is beneficial to us biologically, physically and psychologically. However, in the last century, home designs separated us from nature. Today, biophilic designs (connected to nature) strive to reverse that by integrating nature into homes. Modern building can capture the sun’s movement using windows, architectural details and patterns, connecting us to the season, time of day and our inner biorhythms. 

If you are in the market for a green home, be sure to contact your trusted mortgage professional for a financing pre-approval!

 

4 Top Sustainable Home Trends

4 Top Sustainable Home TrendsThe emergence of sustainable energy and products have solidified the go-green movement. Solar energy and electric cars are just the tip of the iceberg.

The impact of products on the environment has become a significant measure about their value. Those same principles are also being applied to homes. Smart homes and energy efficiency have a direct correlation to home values and listing prices. That’s why homeowners and home builders alike have an eye toward sustainable trends. These are some of the top-ranked home trends.

1: Durability Matters

After the catastrophic weather that damaged and destroyed homes in Florida and the Gulf states, “resiliency” has emerged as a key sustainability term. Contractors and home designers are including materials that stand up to extreme weather. These materials also consider toxicity levels, with the most non-toxic being among the more favorable. The storms will come, but how properties resist them and impact the environment afterwards are important sustainability trends.

2: Natural Light Keeps Trending

The use of sustainable solar energy has prompted many to go directly to the source. Large skylights and windows allow natural light to warm homes and reduce the need for electric lighting. Natural light also helps stave off Seasonal Affective Disorder during shorter winter days. Simply put, incorporating natural light resources is a trend that builds off of solar energy thinking.

3: Water Filtration Systems

It’s no secret that municipal water supplies have been compromised on occasion. This trend that started ramping up in 2017 continues to have legs as homeowners are securing water purity. In terms of sustainability, homeowners with water filtration systems have been utilizing them as a method to reduce the amount of bottled waters they purchase. Above and beyond the cost-saving benefits, the reduction in unsustainable plastics is helping to protect the environment.

4: Electric-Only Homes

The high carbon emissions from fossil fuels has motivated environmentally conscious Americans to turn to wind and solar. These days, improved energy storage from high-capacity lithium batteries has opened the door for homes to go all-electric. This appears to be an emerging trend that could pick up additional steam as energy storage technology moves forward. Electric-only homes could be a major step in allowing average homeowners to get off the grid. This trend is not only sustainable for the environment, it lessens the monthly impact on wallets.

Living in the technology era means that change can occur rapidly, and green-friendly homeowners may want to stay up to date on the latest sustainable home trends. They could improve home values going forward.

Whether you are in the market for an eco-friendly home or want to make improvements to your existing home, contact your trusted mortgage professional to explore all of your financing options.