Green Tax Credits for Your Timber Frame Project

Credits are available for a number of energy efficient projects in your timber frame home.  Whether you are planning a new home or considering upgrades to make your home even more energy efficient, there are federal and state tax credits available.

Some credits expire in 2010 and others will be available for several years, so you can plan your projects accordingly. State credits vary greatly and some incentives are made available by counties. Energy providers offer incentives for energy efficient homes. A timber frame home, enclosed in energy efficient insulated panels, is a great start, but making wise choices for everything from plumbing to heating and cooling can help you to recoup some of the money you spend to save money.

The Database of State Incentives for Renewables and Efficiency (http://dsireusa.org/) offers a look at what is available in each state, including amounts and dates.  The Energy Star website provides guidelines for federal tax credits.

While most contractors are well versed in these incentives, homeowners should do their own research and work with their contractor to ensure maximum benefits from the programs.   In North Carolina, a homeowner can receive up to 65% in combined federal and state tax credits for a geothermal system.

As you plan your timber frame, consider how you can take advantage of the credits, rebates, and incentives available. You are planning for long term efficiency and recouping costs quickly, so plan wisely.

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