At Dog House, we’re dedicated to helping homeowners in Brunswick, ME, enhance their home’s energy efficiency while maximizing savings through available rebates and tax credits. Below are key opportunities you can take advantage of:
Efficiency Maine Rebate Offers
Federal tax credits of up to $2,000 and Efficiency Maine rebates of up to $9,000 are available depending on income level and the type of equipment installed.
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- Available Savings:
Qualifying homeowners can borrow up to $25,000 over 10 years with interest rates as low as 5.99% APR. Additionally, a 1-year loan at 0% APR with a $500 origination fee is available.
These incentives help lower upfront costs and make energy-efficient upgrades more affordable for Maine homeowners.
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- Eligible Upgrades:
Incentives apply to a range of improvements including heat pumps, heat pump water heaters, pellet/wood heating systems, and geothermal systems. Additional rebates may be available for circuit panel upgrades needed to support new systems.
Federal Energy Efficient Home Improvement Credit
The IRS provides tax credits for homeowners undertaking qualifying energy-efficient improvements:
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- Credit Details:
For improvements made after January 1, 2023, you may qualify for a tax credit of up to $3,200, covering 30% of certain qualified expenses.
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- Qualifying Improvements:
This includes expenditures on qualified energy efficiency improvements, residential energy property, and home energy audits.
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- Eligibility:
Homeowners improving their primary residence are primarily eligible, though renters and owners of second homes used as residences may also qualify.
How Dog House Can Assist
Our team at Dog House is here to guide you through the process of selecting and installing energy-efficient systems that not only enhance your home’s comfort but also qualify for these financial incentives. We’ll help you navigate the application processes for both Efficiency Maine loans and federal tax credits, ensuring you maximize your savings.
Please note that rebate programs and tax credits are subject to change. We recommend consulting with a tax professional or visiting the official Efficiency Maine and IRS websites for the most current information.
