Rebates + Tax Credits For Energy Efficient Appliances

With many right in the middle of income tax time a lot of people use this time to make larger purchases for their home with income tax refunds. This year we decided to do just that. Making upgrades around the house to improve the energy efficiency of our home (aka save us some money!). We originally began looking for a new hot water heater. The more I started reading information on the new high efficiency (HE) appliances the more I realized the savings that could be involved.

We have had our washer and dryer for about 6 years so they are not too old, but the dryer needs to run twice to actually dry clothes and the washer base has started to leave a little rust stain here and there on clothing. They are functional so of course not really at the top of our list. The more I read the information about the savings being offered right now the more I am thinking this may be the perfect time to make the washer and dryer upgrade. Not only does it use less energy, most require less detergent to do the same job.

An even bigger bonus...the government is actually giving rebates for upgrades to energy efficient appliances. They do require that your previous appliances be recycled though. They will be picked up when the new ones are delivered. If you would like to find out more information about the specific rebates for each appliance you can visit http://www.EnergyStart.gov to get more information.

Another perk to this also is that you can also write those same upgrades off on your 2010 taxes. You are allowed a certain amount of money for energy upgrades to your home that you receive credit back for. Some examples are upgrading or adding additional instillation in your house, upgrading your windows and energy efficient appliances are included in that as well. You are getting a double credit if you decide to upgrade now.

So if you some upgrades around the house are in your immediate future or on your list of tax refund purchases this could be the time to act.