The Federal Tax Credits Blog

Posts Tagged ‘cost’

Be Intelligently Green: An Educated Approach to Sustainable Energy and Cost Savings in Home Building, Design and Living

Matt Lederer, of Mahogany Builders, Helps Homeowners Make *Intelligently Green* Decisions in Remodeling and Building their Home

AO Smith NEXT Hybrid High-Efficiency Gas Water Heater

Question: Switching from propane to natural gas?

We are buying a new (for us) home that is currently ran w/ propane heat, in southwest MI. There is natural gas that is ran down the road, so we plan to switch to natural gas. I tried calling Consumers Energy to get some info on costs, they wont even give me an idea, instead they want to charge me to have a “gas specialist” come out to give me a quote. The house it about 100′ from the road. The stove and hot water heater are ran from propane. Any idea of the costs to switch everything over? I know that if we switch to a high efficiency furnace, there is a tax credit, but $ is already tight w/ other projects. Do you feel the high efficiency pays for itself? If so, how long does it take?

Answer: the oven, water heater just need a new gas jet ( orifice) cheap. and maybe a new regulator or adjust the regulator. Same with the furnace.
look on the back and under the top of your oven to see if the extra jets are there.
Maybe the jets are there for the heater too.
they were all prob converted from nat gas to propane.
It would prob be worth it to switch to nat gas. especially if the price of fuel goes crazy high.
The stove doesn’t use much gas at all unless you use it all day long.
The water heater ? well that depends on how much you use.
you should google ” diy solar water heater” that would take care of that for half of the year.
And I would not buy a new furnace just to get high effeciancy, it would take a long time to repay the cost of the new furnace. And you only use it part of the year. Also dont heat the whole house unless you have to.
I think you should just stick with the propane for now because money is tight and you are just moving in.and you will plenty other things to keep you busy
Then in a 6 or 12 months you will have had time to learn more about it. There really is no need to git in a big hurry about it.

It takes a lot of energy to figure out if you qualify for this tax credit

Taxpayers who replaced items such as furnaces, water heaters and even windows with more energy-efficient models in 2009 may get the break, but the rules are complex. I wasn’t thinking about tax credits when my 12-year-old water heater went on the fritz last fall. I was thinking about a hot shower.

Home Energy Savers: Never Waste Hot Water Again – Have Hot Water Whenever You Want It

Learning how to build a solar hot water heater for your home can be done with a downloadable diy guide found online. It can be built in every climate with excellent results. It is the first step towards an energy efficient home.

The rewards of building a solar hot water heater.

The first thing you can expect when building a solar water heater is the cost reduction of your energy bills. You can save a lot of money by managing the free power of the sun to heat water. Theses savings can reduce up to 30% the cost of your monthly energy bills.

Using renewable energy from the sun doesn’t affect the global warming. It is an easy way to make your part for the environment. You will become a leader of the green trend in your neighborhood. It might create a snowball effect towards alternative energy that you will be proud of.

Building a home solar water heater is a one time small investment of a few hundred dollars that will generate returns for many years to come. The payback time is very short. Usually within a few months. It is a wise investment to do.

How can you build a solar hot water heater system?

Planning is the first step of any diy project like this one. There is a lot of free misleading information on the web. You can avoid costly mistakes when you buy a guide that explains a tested and effective method to achieve the final result you want. This step removes all the guess work and testing, saving you a lot of time.

The best diy guide will show you how to build a solar hot water heater using parts found at your local hardware store with common tools you own in your garage. You can budget for less than 200$. It is usually enough for the complete solar hot water system.

Building a solar hot water heater for your home can be a fun project. It can be the first step towards a home using only alternative energy. In theses times of energy crisis, consider the possibility of building a solar hot water heater for your home.

Officials offer winterizing, safety tips

With winter weather taking hold this week, it is a good idea to catch up on winterizing, emergency preparedness and home safety.

Ask This Old House 7×13 (1/3) Energy-Efficient Water Heater / Leveling Concrete Walkway

Question: How can I resolve negative items on my credit report that are a result of identity theft?

I used to live in state A, and someone in state B (a state I’ve never even visited) used my SSN to establish a telephone account then proceeded to run up a $1000 debt. It went unpaid and was sent of to at least 4 different collections agencies. Each credit reporting bureau is reporting some combination of this collections debt, but they all differ. I have filed an ID Theft affidavit, but am unable to file a police report in state A because the crime occurred in state B. I am unable to file a report in state B because police reports must be filed in person. I have included federal and state A tax forms from the time the ID theft occurred as proof that I was not living in state B at the time. I have disputed all occurrunces of the debt at all 3 credit agencies, some have removed one or more instances of the collections items, some have not. They have not all removed the same items. Is there any way to get all 3 bureaus to be consistent in their removal of items?

Answer: make the collections validate the debt

www.creditinfocenter.com

if they refuse, then take them to small claims court
and sue them back.

Carbon Taxes Run into Hot H2O

Not only is the U.S. Senate leery of passing a carbon tax, but apparently the idea is also running aground in both France and the state of Minnesota.

Realtors, help extend and expand the Homebuyer Tax Credit

Question: how can i tell if my new oil-fired hot water heater qualifies for a federal tax credit?

Answer: See if it’s listed here:

http://www.gamanet.org/gama/inforesources.nsf/vAttachmentLaunch/B9F3B9CF3BC4C7F585257107005DE622/$FILE/taxcredit_rwh_ef.pdf

It’s not too late to create a better year-end tax picture

There are only four days left before another tax year comes to an end. But much can be accomplished in four days. If you haven’t taken a look at your year-end financial picture yet, there is no time like the present to sit down and figure out your taxable income for the past year.

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