Here are some things I have been researching on saving money in doing improvements to your home. They are not the end all be all by no means. Consult a professional to discuss you individual situation.
On Taxes, here is how you can save by adding energy efficient items:
A recent tax law change provides a tax credit to improve the energy efficiency of existing homes. The law provides a 10 percent credit for buying qualified energy efficiency improvements. To qualify, a component must meet or exceed the criteria established by the 2000 International Energy Conservation Code (including supplements) and must be installed in the taxpayer’s main home in the United States.
The following items are eligible:
Insulation systems that reduce heat loss/gain Exterior windows (including skylights)Exterior doors Metal roofs (meeting applicable Energy Star requirements).The maximum credit for all taxable years is $500 — no more than $200 of the credit can be attributable to expenses for windows.
With FPL here is how you can save:
Save 7.50 a month by getting a new fridge if yours is 19-25 c ft from 1995-200111 cents per square foot on insulation have FPL do free certification
With Insurance Premiums:
http://www.floridadisaster.org/mitigation/rcmp/HRG/content/risks/Incentives.asp
Action ID Mitigation Action Description Discount Range
1 Re-roof 0% to 6%
2 Re-roof and Re-nail Roof Sheathing 0% to 19%
3 Re-roof, Re-nail Roof Sheathing, and Add Secondary Water Resistance 0% to 20%
4 Protect Windows 6% to 7%
5 Protect Windows and Doors 7% to 10%
6 Mitigation Actions 1 and 4 7% to 14%
7 Mitigation Actions 3 and 4 7% to 22%
8 Mitigation Actions 3 and 5 12% to 22%
Just a few items that you can save money on if you do the projects.
I wish you well on all your improvement endeavors.
Chris Alley
http://www.LazerSWFL.com
Tuesday, August 19, 2008
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