Kara McGuire writes about all things related to personal finance. Follow our coupon clipping, retirement saving, bargain hunting, budget mama as she saves, spends and searches for ways to keep more money in her wallet – and yours.
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New rebate program for energy efficient home improvements
Posted by: Kara McGuire under Improvement and repair, Real Estate, Energy, Rebates Updated: September 30, 2009 - 6:33 PM
I've been so busy this week with my upcoming column about local authors writing money books, a Sunday housing story and today's daily on home prices improving, that I haven't had much time to work on poor Ka-Blog!
I was just about to head home, but I saw this e-mail about a new state program starting Oct. 1 aimed to help homeowners make energy efficient home improvements and stimulate the economy.
It's called Project ReEnergize and there are a few interesting things about it. For one, there are no income requirements. You can also qualify for this rebate program on top of the $1,500 IRS tax credits for energy efficiency.
You can receive up to $2,500 for replacing windows, pumping your house with insulation and performing attic air sealing. I had to read the FAQ to understand that that basically means sealing the holes from your ceiling to your attic.
Here are the program requirements:
- Home must be owner-occupied and constructed prior to the year 2000.
- Must work with a Project ReEnergize qualified contractor, licensed by the state of Minnesota.
- Only work completed after October 1, 2009 is eligible for rebates.
- Rebate eligible energy efficient projects must be completed before rebate application can be submitted.
- Age of Housing Constructed prior to 2000.
- Square Footage 3,000 square feet or less; not including basements, garages or crawlspaces.
- Home must be owner occupied and homeowner must have permission to alter building shell.
- There are no household income limits. Only properties meeting the square footage limit are eligible for rebates.
Andersen Windows also has a site dedicated to its products that qualify for the new rebate. Minnesota GreenStar has information as well.
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