The Feds Want to Pay You to Save Energy
There's never been a better time to invest in energy-conserving upgrades to your house—that's the word from the White House. And Congress is backing up the message with billions of dollars being made available to homeowners who want to bring down their energy bills. It's a multipronged initiative packed into different programs included in the American Recovery and Reinvestment Act, also known as the stimulus package, which was passed in February.
Between the expanded tax credits and a $5 billion dollar injection into the Department of Energy's Weatherization Assistance Program, homeowners stand to receive thousands of dollars if they invest in any one of a number of home-improvement projects. But doing your homework is crucial to getting the most savings out of the investment. Here's a rundown of how you can save, as well as a few words to the wise from home-energy experts.