Living Green

Save Money, Take Steps to Preserve Environment this Earth Day

From the National Association of Home Builders

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April 16, 2009 - Earth Day is April 22nd and new federal tax credits can help consumers commemorate the day by giving them a financial incentive to make changes that can help them reduce their energy use and diminish their impact on the environment, according to the National Association of Home Builders (NAHB).

"Every day, our members help home owners and homebuyers make the green choices that are right for their budgets," says NAHB Chairman Joe Robson, a builder and developer in Tulsa, Okla. Robson pointed to three ways to save:

  • In Alabama, John Allen of Southern Construction advises his customers that extra insulation in the attic and a new energy-efficient water heater or heating and air conditioning unit are three improvements with the biggest bang for the buck. Applying for the IRC 25C energy-efficiency tax credit can return up to $500 of the cost of each project, Allen points out.

  • The IRS 25D tax credit is available for 30 percent of the cost of qualified solar-, wind- and geothermal-powered renewable energy units for an even greater financial boost. Moreover, there are state and city programs that tack on additional incentives. Rebates of up to 50 percent of the cost in some Colorado communities for wind power systems and a solar electric buy-down program in Oregon are two examples, Robson says.

  • Ready to buy new? "If you are a first-time buyer, use the $8,000 federal tax credit that Congress granted earlier this year to make your new home a green home," Robson advises. For example, the tax credit more than pays for the cost of upgrades and certification to the Silver level of the NAHB National Green Building Program at Stevens Fine Homes in Wilmington, N.C., and results in a home built to be 30 percent more energy efficient than one that meets the building code. The company has certified 22 homes to NAHBGreen since August 2008.
  • Learn about the energy efficiency tax incentives by Clicking Here.

    Click Here to find links to additional state and local incentives for renewable energy. Click Here to get the details of the $8,000 federal new home credit for first-time buyers, and Go Here for information about California’s additional $10,000 new home tax credit. Get the facts on green building and remodeling Here.

    As consumers look to save money and resources, home builders are leading the way. "Today's homes are significantly more energy efficient than those built 20 and even 10 years ago, and we continue to make advances in building science and new construction techniques," Robson says. "The home building industry is getting greener every day – and our customers are reaping the rewards."

    Share Your Thoughts

    In what ways, if any, have you “greened up” your home?

    Print Date: 9/21/2020
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