Saving Green

by James & Miel on June 18, 2009 · 0 comments

Now may be a surprisingly good time to consider home renovations if you have the need and funds to make it happen.

Some of the up sides to the poor economy are the reduced pricing for retail items such as construction materials and appliances. You can save a lot of money on these products. Contractors may also come down on their prices as they try to stay busy during the down market.

If you make renovations that improve your home’s energy efficiency you will see reduced energy costs, as well as qualifying for federal tax credits. This is yet another area you can save money.

Some tips on making the most of renovations include:

Buy Energy Star-certified appliances. These will use 10-50% less energy, and a washing machine will save you $550 over the life of the appliance.

According to the gov’s Home Energy Saver site you can save $600-$1,200 annually by improving your home’s energy efficiency.

The American Recovery & Reinvestment Act has tax-credits for up to 30% of the cost of energy-efficient renovations; maxing out at $1,500 in 2009 and 2010. This includes doors, windows, skylights, asphalt, metal roofs, or insulation.

If you want to learn more, check out some resources that give you all the info you need:

Green Remodeling: Changing the World One Room at a Time, by David Johnston and Kim Master

Green Building & Remodeling for Dummies, by Eric Corey Freed

The Homeowner’s Handbook to Energy Efficiency: A Guide to Big and Small Improvements, by John Krigger and Chris Dorsi.

The Northwest Green Home Primer: Hundreds of Ideas for Building, Remodeling, and Buying Green, by Kathleen O’Brien and Kathleen Smith

Live Green, save money, build your wealth, and prosper!


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