IN TODAY'S WORLD, MORE AND MORE PEOPLE ARE "GOING GREEN", MEANING MORE ENERGY EFFICIENT. MANY PEOPLE STARTED WITH CARS, LARGE SUV'S OUT SMALLER FUEL EFFICIENT CARS ARE IN. MANY PEOPLE ARE TAKING THIS TREND INTO THE REAL ESTATE BUSINESS. PEOPLE ARE LOOKING FOR ENERGY EFFICIENT HOMES WITH ITEMS LIKE WINDOWS, ATTICS, AND DOORS.
ACCORDING TO THE US DEPARTMENT OF ENERGY (DOE), SPACE HEATING AND COOLING ACCOUNTS FOR 44 PERCENT OF ALL ENERGY USED IN THE HOME. THE AVERAGE US HOUSEHOLD SPENDS ABOUT $650 PER YEAR ON HEATING AND COOLING, BUT ADDING PROPER INSULATION CAN SAVE FROM 10 TO 30 PERCENT ON THESE BILLS.
HOME OWNERS CAN USE THE FREE ON-LINE HOME ENERGY ANALYSIS (WWW.NJCLEANENERGY.COM/HOME_ANALYSIS.HTML) ON THE NJCEP WEBSITE TO FIND OUT WHERE THEY CAN SAVE ENERGY COSTS.
MANY HOMES ARE NOW INSTALLING SOLAR PANELS TO PRODUCE ENERGY FOR OUR HOMES. THIS GREATLY REDUCES ELECTRIC EXPENSES AND REDUCES FOSSIL FUEL BURNING. THIS CAN BE A COSTLY IMPROVEMENT, BUT THE GOVERNMENT APPLIES REBATES TO THESE HOME OWNERS, AND THE COST CAN BE FINANCED THROUGH FANNIE MAE'S ENERGY EFFICIENT MORTGAGE (EEM) PROGRAM, AVAILABLE FOR LOANS UNDER $417000, ALLOWS BORROWERS TO INCLUDE THE COSTS OF ENERGY IMPROVEMENTS INTO THE TOTAL MORTGAGE AMOUNT.
THE FEDERAL HOUSING AUTHORITY (FHA) OFFERS A SIMILAR PROGRAM THAT ALLOWS BUYERS TO BORROW $4000 OR FIVE PERCENT OF THE APPRAISED VALUE OF THE HOME (UP TO $8000) FOR ENERGY IMPROVEMENT
IN ADDITION TO STATE PROGRAMS, FEDERAL TAX CREDITS ARE AVAILABLE TO HOMEOWNERS (THROUGH DECEMBER 31, 2007) FOR PROJECTS RANGING FROM ADDITIONAL INSULATION (10 PERCENT OF COST, $500 MAXIMUM) TO INSTALLATION OF A HIGH-EFFICIENCY WATER HEATER ($300 FOR QUALIFYING UNITS.) A SEPARATE TAX CREDIT FOR SOLAR HOT WATER SYSTEMS (30 PERCENT OF COST, $2000 MAXIMUM) IS ALSO AVAILABLE.
FOR MORE INFORMATION, YOU CAN CONTACT LEON BAPTISTE, FROM LB ELECTRIC AT WWW.LBELECTRICCO.COMVIA WEBSITE OR YOU CAN CONTACT HIM DIRECTLY AT 973-565-0060. HIS COMPANY INSTALLS AND EDUCATES CUSTOMERS ON "GOING GREEN" THROUGH ENERGY EFFICIENT SOLAR PANELS FOR BUSINESS AND RESIDENTIAL HOMES.
THIS IS THE START OF AN INCREASING DEMAND TO SAVE ENERGY. ARE YOU READY?
Comments (2)Subscribe to CommentsComment