BrightHome Encourages New Jersey Residents to Act Fast on Energy Efficiency Tax Incentives
June 25, 2010
Ridgewood, NJ - In the wake of budget cuts, the New Jersey Office of Clean Energy announced new energy reduction financing and tax incentives to homeowners in New Jersey. The new program is expected to begin July 21 and expire Dec. 31, 2010 or when the funds are fully depleted.
"Homeowners may qualify for up to $3,000 in cash back rebates and up to $10,000 in low or no interest loans," said "Eco Ed" Schwartz.
"The window to qualify for the funds is limited," said Mr. Schwartz, "the 2010 budget appropriation may not last to the end of the year. Rebate levels have already been lowered and consumers should apply immediately."
The program is an extension of the Home Performance with ENERGY STAR® Program. The combination of financing and cash rebates is intended to reduce energy usage and help lower utility bills. Details of the new incentive include the following:
Money Back for Energy Saving Solutions
- Homeowners may qualify for a maximum rebate of 50% of eligible measures with a maximum of $3,000 for customers that reach over a 25% estimated energy savings level. Eligible measures include air sealing, insulation, high efficiency hot water heaters, and heating and cooling systems.
- Homeowners that fall into the 5% and 25% estimated energy savings level may qualify for a 10% rebate and receive up to $1300 in cash back incentives.
Low-Interest Financing
- 0% financing up to 50% of eligible measures with a $10,000 maximum for customers with estimated energy savings above 25%.
- 5.99% financing available for customers with estimated energy savings of 5%-25%. Also up to $10,000.
Mr. Schwartz is a green activist and certified sustainability expert. He has appeared on CNBC and "This Old House" . He is the Coordinator of Sustainable Energy for the North Jersey Chapter of the Sierra Club, Chair Person of Ridgewood's Environmental Advisory Committee and is certified by the New Jersey Clean Energy Program and the Building Performance Institute. His pre-revolutionary home in Ridgewood, New Jersey gained national recognition for its green renovation.
"Eco Ed" Schwartz and BrightHome Energy Solutions assist homeowners in reducing their home energy usage. BrightHome conducts energy audits and implements energy-saving solutions while helping New Jersey homeowners take advantage of these incentives.
Ed Schwartz is available for comment on the implications of the new energy incentive plans and can be reached directly at 877-861-1818.
About BrightHome Energy Solutions
BrightHome Energy Solutions, headquartered in Elmsford, NY, offers energy efficiency solutions to residents in New York State. All key team members are trained in building sciences and green weatherization techniques. BrightHome consultants are accredited by the Building Performance Institute (BPI). BrightHome offers the Home Performance with ENERGY STAR®, a state and national program from the New York State Energy Research and Development Authority (NYSERDA), the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE), to offer a comprehensive, whole-house approach to improving energy efficiency and comfort at home, while protecting the environment.
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Contact:
Mike Brown
5 Westchester Plaza
Elmsford, New York 10523
Tel: 914.909.5300
