Your TerraLogos will help you identify and file for all the incentives that are appropriate for your energy improvement projects. Count on TerraLogos to keep you up to date on all the latest programs as they are initiated.
Federal Incentives for Energy Improvements:
Federal
tax incentives are available for many of the energy efficiency improvements recommend and performed by TerraLogos. Remember to discuss these incentives with your accountant to confirm
that they can be applied in your situation. Here are the
brief details:
- 30% up to $1,500 per primary residency for projects completed by 12/31/2010;
retrofits only; Materials only on envelope; Air sealing materials could
be included as part of insulation projects; Materials & labor on
HVAC.
- 30% uncapped on installations of renewable energy systems for
both retrofits and new construction; for work done through 2016.
For more details on tax incentives, use these links:
- DSIRE, The comprehensive site for Federal, State and County tax credit information, including their description of the new Federal Incentive program for 2009-10.
- Energy Star's web page on the Federal Tax Credits for Energy Efficiency.
BGE, Pepco and SMECO Incentives for
Home Performance with ENERGY STAR :
If you have an energy audit performed by a certified Home Performance with ENERGY STAR contractor, such as TerraLogos, MD utility companies are offering up to $2,450 in rebates for some of the most common energy improvements.
Discounts on Audits
BGE and SMECO Customers:
- Instant Terralogos discount to $450
- BGE $250 rebate after completing qualifying improvements
- Regular price $495; your cost after Rebate $200**
Pepco Customers:
- Pepco subsidized standard audit $100
- TerraLogos Home Performance Energy Audit package with Infrared Camera Inspection +$100
- Regular price $495; your final cost $200**
TerraLogos will help coordinate your projects to take full advantage of the incentives that are appropriate for your home. Restrictions apply. Some improvements with incentives may not be appropriate for all homes. Please ask for more details when sceduling your Audit.
** Prices are designed for all types of homes up to
approximately 3,000 sq. ft. and within 40 miles of
Baltimore City. Additional charges may apply for
larger homes and greater distances
Click here for details on
BGE's Home Performance with ENERGY STAR Program.
Click here for details on
Pepco's Home Performance with ENERGY STAR Program
Click here for details on
SMECO's Home Performance with ENERGY STAR Program
More Utility Incentives:
Maryland utility companies also offer rebates on purchases for some of the typical equipment upgrades recommended in an Energy Efficiency Report, including appliance & lighting upgrades. For details, visit these websites - BGE Smart Energy, SMECO Appliance Rebates and Pepco Appliance Rebates.
Financing Options
Financing programs are being discussed at both the sate and federal level, though there have been set-backs on implementing them. We do hope that someday soon convenient and easy public programs will provide low-interest loans to fund energy efficiency improvements.
At present, obtaining a home equity line of credit from your personal banker provides the best and least expensive financing option.
We will update this area as new financing options become available.
