Blog posts by category: Remodeling
Category: Remodeling
Posted by Susan R. Pollack (The Detroit News) on Thu, Oct 1, 2009 at 5:46 PMUse incentives to remodel in October, National Kitchen & Bath Month
It's October and that means, drumroll please, National Kitchen & Bath Month. And there's a new twist this year:
Inspired by the resounding success of the recent "Cash for Clunkers" program, the U.S. Department of Energy has launched a "Cash for Appliances" campaign, providing nearly $300 million in stimulus funds from the American Recovery and Reinvestment Act to consumers who purchase new energy-efficient kitchen appliances.
"These rebates will help families make the transition to more efficient appliances, making purchases that will directly stimulate the economy and create jobs," said Energy Secretary Steven Chu in a statement announcing the plan.
The new rebate program is in addition to several U.S. tax credits on energy-efficient products for homes introduced earlier this year. They include many gas, oil, electric, and solar water heaters, which are reimbursed at 30 percent of their purchase price, up to $1,500.
Many energy-efficient windows, skylights, exterior doors, insulation, and HVAC systems are also eligible for a 30 percent tax credit, up to $1,500 per home (note that this $1,500 limit is the total for all credits applied to the home across all categories of eligible products).
"With so many government incentives now being offered for home renovations, there has never been a better time for Americans and Canadians to remodel their kitchens and bathrooms," said Suzie Williford, National Kitchen and Bath Association president.
She noted that many of the stimulus programs won't last long, so homeowners should act fast to get their remodeling started.
Here are some helpful resources:
