I think this part of Obama’s stimulus is going to be a fantastic Idea. I was planing on adding a new on-demand water heater this year anyway and also a new entry door, now I will be hiring a plumber, an electrician, and a carpenter. I get a great tax break of 30% under the the new tax credit and I will give some local small Business some work! Good job Obama I like what I see.
http://www.energystar.gov/index.cfm?c=products.pr_tax_credits
Other Articles and Posts
- $8000 Housing Stimulus Tax Credit: Requirements and Common Questions » My Money Blog
- SLDN’s Tom Carpenter on the Federal DADT Trial | LGBT POV
- The Irish Economy » Blog Archive » Unpleasant Stimulus Arithmetic
- Why Should I Switch My House Over To All-Electric? « News, Articles and Information
- Stimulate Your Small Business With Obama’s Stimulus Package « finance share blog
- Tax credits help small business with health care costs
- The Benefits of Vitamin C Skin Products | Vitamin D Deficiency Symptoms
- Carolina Pad Studio C review and giveaway
- What kind of education do you need to be an "electrician?"? | Investing for Beginners – Trading Education – Stock Trading Tips
- Government To Review Games Tax Break « PS3, Xbox 360, PSP / TheSixthAxis
Read Related Posts
- No related posts found
{ 10 comments… read them below or add one }
Yes it will help the economy as well as help those who need their homes updated and insulated. It will help the businesses that sell plumbing and electrical supplies. It will help the private contractors that are really hurting right now because of the housing market collapse but most importantly it will help the elderly. Part of the stimulus goes to weatherization of homes for the elderly and disabled. It broke my heart last year when one of our last remaining WWII heroes froze to death in his own home. How could that happen in our country?
YES! It will help any bill that creates job and will increase aid to our elderly, disabled and our veterans is a good thing!
No.
It will cost a family 30X what it saves in energy. That’s a poor payback.
Obama and I will spend $3000 on this stuff and I’ll save $100/yr. Not a good idea.
But my doors and windows won’t close the whole way, being 30% off.
Yuk Yuk Yuk.
WOW!
You have that much money left over after taxes? After I pay my mortgage, utilities, gas for my car, buy groceries etc, I have about oh…..
$20 bucks left for frivolous things like shampoo, toothpaste, etc…
PS,
My house is already super-energy efficient and there isn’t much I can do to ‘improve’ it…..
President Obama is good for America.
I am very happy for you, and so are a lot of other people. Kudos to Obama
Not if 80% of Americans who can afford expensive home remodels have already taken advantage of tax credits in past years.
A round of windows on your home will cost you $10,000 to $25,000. You would never do that unless you had money to burn.
A new heater will cost you less, but it’s a pain and it’s still expensive.
Insulation is something everyone should do. The only problem is that you have to tear out your walls to get it in. I’ve got about 85% of my ceiling and walls completely sealed in with insulation and I’ve saved more in my utility bills than I ever could have in tax credits. (Of course I took them anyway.)
Sounds good to me.
And Hussein, got any sources for that? How is insulation going to cost people money that they won’t make up in lower energy usage? If you have some arcane formula to make this up, please share.
yes, but only on the surface, a 30% tax credit does not cover the cost of the long term debt and many will actually lose money because they will incure more in interest payments than the tax credit covers.
I just put in a solar water heating system. You should check it out.
FYI** My electric bills went down over $50.00 a month. This for a family of 3….one being a teenage girl. (You know how they love those long showers!)