Energy Efficiency Rebates and Tax Credits

 

Energy Efficiency Rebates from Nicor, Peoples, and North Shore Gas

Peoples Gas, North Shore Gas, and Nicor Gas residential clients may receive a rebate for insulation, air seal, and duct seal worth up to $1750, or 70% of the total cost of the work.

Nicor Gas and ComEd have a joint “Home Energy Savings” program.  This program requires a $49  energy assessment and an approved contractor assigned by the program to perform the work.  Private, local energy audit firms cannot participate in this program.  You will receive a “clipboard” energy assessmentno blower door test.

Peoples & North Shore Gas customers may be eligible for an attic insulation rebate from their utility as well as an insulation and air sealing rebate offered by Energy Impact Illinois, which follows a $99 energy assessment by a contractor assigned by the program.  Private, local energy audit firms CAN participate in this program.  Call us for details.

If you are in Peoples or North Shore Gas territory, you may request a private energy audit firm as part of the rebate program!  Call us for details first.

If you are in Nicor territory, want to participate in the rebate program but also gain a thorough understanding of your home’s energy needs, we recommend a private, independent energy audit, customized to your needs and budget in addition to the Nicor “clipboard” assessment.  Call us for details.

The rebate program is scheduled to end May 31st, 2013.   It will likely start up again, but it is not known when.

 

Federal Energy Efficiency Tax Credits –2013

The 2013 residential energy efficiency tax credit covers 10% of the cost of the following energy efficient home improvements, up to a cap of $500, for existing homes:

  • insulation
  • air seal
  • duct seal
  • windows, low-e storm windows, skylights, and doors (Energy Star or better)
  • high efficiency furnaces and boilers
  • high efficiency water heaters (non-solar)
  • high efficiency air conditioning units and air-source heat pumps

All of the above improvements must meet 2009 IECC code and specs.  The Energy Tax Incentives website provides details about qualifying equipment and qualifying “home shell” improvements.  The material, not install cost, is eligible for the credit.  This is a lifetime credit, so if you’ve already used this tax credit before (between 2005 and 2011), you can’t use it again. This tax credit is good through Dec 31, 2013.

The 2013 residential energy efficiency tax credit covers 30% of the cost of the following energy efficient home improvements, up to a cap of $1500, for new construction and existing homes:

  • geothermal heat pumps
  • solar panels
  • solar water heaters
  • small wind energy systems
  • fuel cells

This tax credit is good through Dec 31, 2016. The Energy Tax Incentives website provides details about qualifying systems.