Rebates and Incentives
Federal Tax Credit: The $2,000 builder tax credit
If you are attempting to qualify for the $2,000 builder tax credit here are some rules to consider:
• You must use the services of a home energy rater.
• It is critically important that the window to floor area stays less then 18%.
• The walls generally have to have an R-value of 22 or more. Generally, fiberglass batt insulation does not provide an air tightness performance standard that qualifies for the tax credit.
• The roof generally has to have an R-value=50
• You will need to have some sort of controlled ventilation.
• Boiler/Furnace should be at least 92% but preferred 94% efficient.
Your home energy rater will work with you on these and other decisions needed to qualify for this tax credit.
More information can be found by clicking here.
Review an administrative procedural form for your tax professional by clicking here.
The actual tax credit form can be found by clicking here.
State Rebate: New Homebuilder Rebate
The Governor's Energy Office (GEO) is pleased to provide a $300 per home rebate to all Colorado homebuilders who construct certified ENERGY STAR New Homes and meet the rebate elegibility requirements for 2009. For a request form, click here.
Chaffee County Rebate
How to Process Your Rebate Through the Chaffee County Building Department
1. Builder registers at ENERGY STAR registration and builds house in accordance with program guidelines.
2. Upon completion of house, builder gets Certificate of Occupancy from County, and ENERGY STAR Certificate from Home Energy Rater (HERS).
3. Builder submits Certificate of Occupancy, ENERGY STAR Certificate and evidence of ENERGY STAR builder registration to the Chaffee County building department.
(To see if you are considered an ENERGY STAR Builder, go to this page on the main ENERGY STAR website. If you are listed, you may want to print the screen and include it with the C.O. and ENERGY STAR Certificate.)
4. Form and certificates are verified and submitted for payment to homebuilder.
5. Rebate check to homebuilder processed.
Click here for Chaffee County 2010 ENERGY STAR rebate form.
Sangre De Cristo Electric Association Rebate
Homeowners building ENERGY STAR - certified homes within the Sangre de Cristo service territory may quality for a $300 rebate. Contact Linda at (719) 395-2412 for more information.
Sangre De Cristo also offers rebates to homeowners installing ENERGY STAR appliances. Visit www.myelectric.coop/products/eec.cfm to learn more about ENERGY STAR appliances.
For information on the Department of Energy's Weatherization Assistance Program, follow this link and scroll down until you see "Home Energy Improvements - Weatherization."
Xcel Energy Rebate
If your home is within Xcel's gas territory, there are rebates for ENERGY STAR homes. The rebates vary between $400 - $800 per home. You home energy rater has the details on how this program works.
Residential Energy Efficiency Incentives
Homeowners can qualify for a variety of federal tax credits by making home envelope improvements and heating and cooling updrades, and by installing on-site renewable generation. All incentives are in effect for measures placed in service during 2009 & 2010 unless noted otherwise.
Mortgage Discount
For informatioon regarding a new mortgage discount program, click here.
More on Mortgage Discounts
Homeowners and homebuyers can receive a substantial discount on the interest rate of a new first mortgage when that loan is used for energy efficiency upgrades to an existing home or for the purchase of an ENERGY STAR certified new home.
For more information, click here.
