Survey: Most Unaware of Energy Efficiency Rebates

Many energy efficiency home improvements pay for themselves, but tax incentives expire soon.

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weather stripping and insulation can help keep your home warm during winter and help save money on heating bills

Photo: Lanica Klein / Istock

By Dan Shapley

Only four in 10 people in the U.S. are aware that there are many tax rebates and incentives available for home energy efficiency improvements, according to a new survey by Emerson.

Many of the most lucrative tax incentives that began with the federal economic stimulus spending have expired. But several incentives remain viable through the end of 2011.

Homeowners can still qualify for up to $500 in federal tax credits for qualifying doors, insulation and roofing, for instance, and $300 credits for water heaters, biomass stoves and central air conditioners. Many states and local utilities have additional incentives, which consumers can find at the Database of State Incentives for Renewables and Efficiency website, dsireusa.org.

The survey also found that nearly one in three respondents said cost was a major barrier to investing in energy efficiency, but that as many as two-thirds would spend up to $5,000 if the payoff was less than six months. Nearly one-third would make the investment even if it took 10 years to pay off.

The Daily Green has identified 25+ Home Improvements that Pay Off to help you define the best projects for your home and budget.

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