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With the rise in fuel prices and increased global demand for energy, we are all affected in one way or another whether it be at the gas pump or the latest electric bill. Rising electricity costs affect co-ops and consumer alike, but together, we have the power to make a difference.
Federal Tax Credits and Appliance Rebates for HomeownersUnder the new energy bill, consumers are eligible for up to a $500 tax credit for money spent on energy improvements in their homes. For example, you can get a $300 credit for installing a highly efficient central air conditioner, heat pump or water heater, or a $200 credit for installing energy-saving windows. To be eligible for the tax credit, these improvements must be 2006-2007. You would receive the tax credit in the tax form you file by April 15 of 2007 or 2008. For more information visit the Energy Star Web site: www.energystar.gov/taxcredits
Remember, doing all you can to effectively manage energy and water use will have a direct impact on your costs and quality of life. As a co-op member, that’s the kind of power you have. For more information please call 888.525.6677 or email at customerservices@midsouthsynergy.com
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