Utility Based Energy Efficiency Programs
Many utility providers offer rebates or incentives for energy efficiency improvements made to your home. Click on your utility provider below for additional details on the programs they offer.
- Smart $aver HVAC program provides incentives for installing a new heat pump or central air conditioner.
- Smart $aver Insulate and Seal program provides incentives for improving the efficiency of your home and duct system.
- Smart $aver Health Check program provides incentives for ensuring that your heat pump or air conditioner is operating efficiently.
Butler Rural Electrical Cooperative, Inc.
Butler Rural Electrical Cooperative customers can receive:
- Cool Returns A/C Switch program provides incentives for installing a device that reduces air conditioning use during peak demand periods.
- Water Heater Radio-Controlled Switch program provides a monthly credit for installing a device turns off the heating element in electric water heaters during peak demand periods.
- Geothermal program provides an incentive for installing a new or replacement geothermal heat pump.
- Dual Fuel Heat Pump program provides an incentive for installing air source heat pumps.
Owen Electric offers several efficiency rebate and incentive programs for weatherization, heat pump installation, and direct load control switch to its customers. Owens Electric customers can receive:
- Button-Up program provides credits for install weatherization measures that reduce electric heating energy usage.
- Heat Pump Rebate program provides incentives for installing a certified heat pump.
- Simple Saver program provides an incentive for installing a device that reduces electric water heater and/or air conditioner use during periods of peak demand.
Federal and State Energy Efficiency Tax Credits
You may qualify for additional state and federal tax credits on your home energy efficiency improvements. Click on the tax credits listed below for complete details on eligibility and how to apply for each credit.
Federal Energy Efficiency One Time Tax Credit
The credit applies to energy efficiency improvements in the building envelope of existing homes and for the purchase of high-efficiency heating, cooling and water-heating equipment. The maximum tax credit for all improvements made in 2011, 2012, and 2013 is $500. The cap includes tax credits for any improvements made in any previous year. If a taxpayer claimed $500 or more of these tax credits in any previous year, any purchases made in 2011, 2012, or 2013 will be ineligible for a tax credit.
Claiming the tax credit on your tax forms will require you to complete the Residential Energy Credit Form 5695 when you file your tax return. For additional information on qualifying improvements, visit the ENERGY STAR website.
Federal Residential Renewable Energy Tax Credit
Taxpayers may claim a credit of 30% of qualified expenditures for geothermal heat pumps, solar water-heating, and solar electric systems that serve a dwelling unit located in the United States that is owned and used as a residence by the taxpayer. Expenditures include labor costs for on-site preparation, assembly or original system installation, and for piping or wiring to interconnect a system to the home. If the federal tax credit exceeds tax liability, the excess amount may be carried forward to the succeeding taxable year.
Systems must be placed in service before December 31, 2016. Claiming the tax credit on your tax forms will require you to complete the Residential Energy Credit Form 5695 when you file your tax return. For additional information on qualifying improvements, visit the ENERGY STAR website.
Kentucky Energy Efficiency Tax Credit
State tax credits from $100-$250 are available for Kentucky residents on energy efficiency improvements such as insulation, high efficiency furnaces, and air conditioners. The maximum tax credit may not exceed $500 for any combination of qualified measures. View tax credit details and requirements from the Kentucky Department for Energy Development and Independence. New ENERGY STAR homes used as a principal residence are entitled to an $800 tax credit. This credit expires December 31, 2015.