Showing posts with label Tax Credits. Show all posts
Showing posts with label Tax Credits. Show all posts

Making Your Kitchen More Energy Efficient

If you’re looking for ways to improve the energy efficiency of your kitchen and save on energy bills, there are ways to make the changes without breaking the bank. The kitchen uses more energy than any other room in the house. Here are a few tips to reduce your energy usage and costs:

Lighting
The light fixtures in your kitchen are a big contributor to your energy cost, especially during the night. Install ENERGY STAR qualified light fixtures or replace standard light bulbs with compact fluorescent light bulbs (CFLs). According to ENERGY STAR, their qualified lighting provides bright, warm light while using 75% less energy, generating 70% less heat and lasting up to 10 times longer than standard lighting. Remember to always turn off your lights when leaving the room.
If you’re planning to remodel your kitchen, think of ways to bring in natural lighting. Make windows wider, knock down walls, add skylights or put in French doors to connect to another room. This will allow the sun to illuminate your kitchen at no additional cost.
Refrigerators
The refrigerator is the appliance that consumes the most energy. When choosing a fridge be sure to also find a product with the ENERGY STAR symbol as these qualified refrigerator models use at least 20% less energy than required by current federal standards.
According to the Environmental Protection Agency (EPA), you should replace your fridge if it’s more than 10 years old. Also, don’t purchase a fridge that’s larger than what you need; you’ll just be wasting more energy.
Refrigerators with the freezer on the top or bottom are more efficient than side-by-side models. Be sure to leave space between the refrigerator and walls to allow air movement.

Dishwashers
Most dishwashers today can thoroughly clean dishes that have had food scraped, rather than rinsed, off — the wash cycle and detergent take care of the rest. To make the most efficient use of your dishwasher's energy and water consumption, run the dishwasher only when enough dirty dishes have accumulated for a full load and use the air-dry option. Try running short cycles for everything but the dirtiest dishes.
Range
Using the wrong sized pot on a stove burner can waste as much 40 percent of the burner's heat and can cost approximately $36 more annually for an electric range, or $18 more annually for gas. Be sure to cover pots and pans. This will ensure you cook more efficiently and keep your kitchen cooler.

You may want to consider selecting a natural gas oven or range which is far more efficient than electricity. Keep the burners clean to ensure maximum efficiency. Blue flames mean good combustion; yellow flames mean service may be needed to ensure the gas is burning efficiently.
Other Tips
Use small appliances when you can. If you use a toaster oven rather than a full-size oven you will save energy. In addition, using a microwave oven versus a full range oven or stove will save you money because the heating time is far less.

For information on 2011 Federal Tax Credits for Consumer Energy Efficiency go to http://www.energystar.gov.

IRS Home Improvement Tax Credits!

It's not often the Internal Revenue Service tries to help you save money. So, if you're looking to make a few home improvements, you may want to get to work while the government is in a giving mood.


"There's actually a way for homeowners to invest in some energy efficient improvements and actually save some money twice," said the IRS's Michelle Eldridge.


It's part of the American Recovery and Reinvestment Act. Make your home more energy efficient and get back part of what you've spent at tax time.


"Replacing windows and doors or perhaps replacing your heating and air-conditioning system or maybe adding insulation. All of these products, even roofs in some cases, can qualify you for this energy credit," said Eldridge.


Here's how it works. You get to claim 30 percent of the cost of improvements up to a maximum tax credit of $1,500. Installation costs, though, do not apply.


But Eldridge says do your homework and make sure the product qualifies before you buy.

"What you're looking for is a tax credit certification from the manufacturers," she said. Keep those certifications and receipts to then file with your tax return.


The government's message is save now while improving your home's value, and save later with lower energy bills. But time is running out for the 2009 credit.


"You need to make this purchase and have it installed by the end of the year," Eldridge said.

The good news is the credit extends into next year as well if you need more time.


There is a second tax credit for homeowners investing in alternative energy equipment. If you're looking to add solar electric systems, solar hot water heaters or even wind turbines at your home, you can deduct 30 percent of the cost on your 2009 or 2010 taxes. And best of all, there's no cap like the earlier credit.


For more information, check out the Internal Revenue Services' website.


Source: www.wcnc.com