The power companies in Baltimore are becoming increasingly frustrated as homeowners learn how government rebates and affordable technology are making it extremely cheap and easy to put an end to their utility bills. Here are three options that can drastically reduce or even eliminate your bills.
Reports show that going solar can reduce your electric bill by up to $1560 a year, or 70-90% monthly. And did you know that in some areas, providers allow homeowners to sell electricity back to their utility companies—enabling you to
power your home for free and potentially make a profit? This is all good news for Philadelphia homeowners, but the best is the Residential Renewable Energy Tax Credit. If you qualify for the credit, you could be just days away from getting solar panels and installation for $0 down.
If you are wasting money on utilities, odds are it’s due to having bad windows. In Philadelphia, around 30% of the average home’s air conditioning and heating escapes through bad or old windows. Here are a few warning signs that your windows are wasting you money:
- Rotting Window Frames, Which Can Spread Dangerous Mold Throughout Your Home
- Compromised or Outdated Window Panes
- Inconsistent Hot or Cold Interior Temperatures
The good news is that upgrading to energy-efficient windows can save you 40% a month. The better news is the 2016 Green-Energy Tax Credit that could save you a serious chunk of change when making the upgrade. This credit is limited and can expire before the end of the year.
Keep in mind: Upgrading windows is the single best way to improve the value of your house. Studies show that upgrades return 60% to 90% of the investment.
Heating and cooling account for around 48% of the energy use in a typical U.S. home. With recent technological advancements, replacing your old heating and cooling unit with a more energy-efficient option could drastically reduce your annual energy bill. And, there are plenty of tax credits for heaters that can save you hundreds. On top of that, most heating and cooling manufacturers offer huge discounts and rebates on new systems.
Taking advantage of all these free credits can easily save you over $1500 on most popular brands. Sites like free-hvac-estimates.com can get you started with a free, no-obligation quote that includes manufacturer, federal and local rebates.