Federal Tax Credits for Energy Efficiency
ENERGY STAR INFORMATION
Quick link to this page: energystar.gov/taxcredits
Federal Tax Credits for Energy Efficiency includes:
WILL A 30% TAX CREDIT GIVE YOU ENOUGH INCENTIVE TO MAKE IMPROVEMENTS TO YOUR HOME?
CHARACTER COUNTS IN GAITHERSBURG, MARYLAND
Montgomery County Incentives
Property Tax Credits for Energy-Efficiency and Renewable Energy Projects
Legislation was passed on Earth Day, April 22, 2008, to provide residents with Property Tax Credits for energy efficiency and renewable energy projects implemented at home. Property Tax Credits up to $250 are available for the installation of eligible energy-efficiency devices. The application for the Property Tax Credits and more information is available on the Department of Finance Web site, or by calling 240-777-8931.
Property Tax Credits for the installation of renewable energy projects, such as solar photovoltaics (PV), solar water heaters or geothermal systems have been allocated for this fiscal year (July 1, 2008 to June 30, 2009). However, the Department of Finance will be serving applications as they are received starting in the new fiscal year (July 1, 2009 to June 30, 2010). Tax credits will be available up to $250,000 per fiscal year. Submit an application for completed solar or geothermal projects to the Department of Finance, Division of Treasury, 255 Rockville Pike, Suite L-15, Rockville, MD 20850, to be placed in queue for future tax credits.
Please direct any questions regarding the Montgomery County Property Tax Credits to the Department of Finance, Division of Treasury: 240-777-8931, or send an email.
Clean Energy Rewards
This program provides monetary rewards for purchasing clean energy (wind, solar) from energy suppliers or renewable energy certificate (REC) marketers, or for generating clean energy on-site. Montgomery County residents, businesses, and organizations are eligible. Visit the Clean Energy Rewards Web site for more information.
Maryland State Incentives
Maryland Energy Administration Grant Programs
Grants monies for geothermal systems, solar photovoltaic (PV) panels, and solar water heaters provided by the Maryland Energy Administration have been allocated for the year. However, funds are still available for the installation of small wind turbines. Check the MEA Web site directly for more information.
Become a Maryland Renewable Energy Portfolio Standard (RPS) Certified Solar Facility
The State of Maryland requires that all standard offer electricity be comprised of a percentage of electricity generated from solar energy sources. To meet this demand, the Maryland Public Service Commission created a process for Maryland solar photovoltaic (PV) system owners (residential and commercial) to sell their renewable energy certificates (RECs) to energy suppliers. This revenue generating stream can offset some of the cost of installing a solar PV system. Please see the Public Service Commission's Web site for more information, or call 800-492-0474 ext. 8059.
Additional Incentives for Maryland Residents and Businesses
Residents and businesses can learn more about Maryland incentives and tax credits through the DSIRE Web site.
Federal Incentives
Tax credits for energy efficiency improvements are available for 2009 and 2010 tax years. Visit ENERGY STAR for more information about projects, incentive structure, and IRS forms.
Tax credits for solar, geothermal and small wind projects are available until December 31, 2016. Visit ENERGY STAR for more information and IRS forms.
Residents and businesses can also learn more about Federal incentives and tax credits through the DSIRE Web site.
Utility Incentives
Local electric utilities are now offering customers rebates and discounts on energy-efficient appliances and lighting, and other programs to improve home efficiency and help save money on energy costs.
Pepco Programs
Pepco customers can get a rebate on the following energy-efficient appliances:
All purchases must be made after September 15, 2009. Rebate forms and program information is available on Pepco's web site.
Pepco customers can also get discounts on energy-efficient CFL light bulbs at select Maryland retailers. Visit Pepco's CFL Campaign web site for a store list and discount information.
Montgomery County residents can also receive a free, installed programmable thermostat from Pepco and opt to participate in an energy reduction program. Pepco's Energy Wise RewardsTM program allows Pepco to cycle your central air conditioner over short intervals (conservation periods) on selected summer days. If you choose to participate in Pepco's Energy Wise Rewards program you will also receive a cash reward and bonus of up to $160 the first year and $80 each year thereafter, depending on your participation level. Visit Pepco's Energy Wise Rewards program web site for more information.
INFORMATION ON ALL FEDERAL, STATE AND LOCAL INCENTIVES: www.dsireuse.org
Existing home sales at highest level since 2007
Sales activity rises more than expected in October, by 10.1%, to 6.1 million annual units.
By Julianne Pepitone, CNNMoney.com staff reporter
NEW YORK (CNNMoney.com) - "Existing home sales surged in October to the highest level in more than 2-1/2 years, according to a real estate industry report issued Monday.
The National Association of Realtors reported that existing home sales rose 10.1% last month to a seasonally adjusted annual rate of 6.1 million units, up from the downwardly revised rate of 5.54 million in September.
The sales beat forecasts of 5.7 million annual units, according to a consensus estimate of analysts compiled by Briefing.com, and were 23.5% above the 4.94 million-unit pace of 12 months ago."
http://money.cnn.com/2009/11/23/real_estate/existing_home_sales/index.htm
"Sales activity is the highest since February 2007, when the annual rate was 6.55 million.
The gain was likely due to an influx of buyers looking to take advantage of an $8,000 tax credit that the Obama administration made available for qualified first-time home buyers, the report said."
CHARACTER COUNTS IN GAITHERSBURG, MARYLAND
PRINCE GEORGE'S COUNTY MD LENDER OWNED FORECLOSURES
There are 351 lender owned foreclosures (REO), priced at $150,000 and ABOVE, available for purchase in Prince George's County MD. Click on the listing number for full details on each property. Sort by column headings.
Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-95379330-649
There are 337 lender owned foreclosures (REO), priced at $150,000 and BELOW, available for purchase in Prince George's County MD.
Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-95379311-36
Where is the best place to search for homes for sale in Maryland? You will want to use Homes Prospector at www.roykelley.com This is a service of MRIS, the regional multiple listing service, and you will find the most accurate up to date information on properties that are available for purchase. Foreclosures will be included in the results of your searches.
Most of the homes that are sold at trustee sale auctions at the court house entrance are purchased by the secured mortgage lenders. The lenders then offer the homes for sale when they become part of the REO inventory. All of the lender owned homes are listed with area agents and are available on MRIS.
Why are buyers focusing on the REO inventory? The simple reason is that is where the purchase bargains are being found. Lenders are highly motivated sellers and they reduce the prices until the properties are under contract.
All home buyers that plan to use mortgage financing should obtain pre-approval for financing as the first step in the purchase process. Please ask us for a referral to a loan officer if you do not have an existing relationship with a mortgage lender.
Do you qualify for the new tax credit? The Home Buyer Tax Credit now includes current home owners as well as first time buyers. This link provides the highlights of the program: http://www.federalhousingtaxcredit.com/glance.php
New Home Buyer Tax Credit video. Please share with family and friends: http://www.youtube.com/watch?v=1leN8E8BKTo
Real Estate Investors Zero In on Short Sale Homes video. http://www.youtube.com/watch?v=ZMUZSPSrtuI&feature=related
WASHINGTON COUNTY MD FORECLOSURES & SHORT SALES
There are 90 lender owned foreclosures (REO) available for purchase in Washington County MD Click on the listing number for full details on each property. Sort by column headings.
Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-95378855-723
When you are searching for homes in Maryland, you will want to use Homes Prospector at www.roykelley.com This is a service of MRIS, the regional multiple listing service, and you will find the most accurate up to date information on properties that are available for purchase. Foreclosures will be included in the results of your searches.
Most of the homes that are sold at trustee sale auctions at the court house entrance are purchased by the secured mortgage lenders. The lenders then offer the homes for sale when they become part of the REO inventory. All of the lender owned homes are listed with area agents and are available on MRIS.
Why are buyers focusing on the REO inventory? The simple reason is that is where the purchase bargains are being found. Lenders are highly motivated sellers and they reduce the prices until the properties are under contract.
What about the bargains in the inventory of short sale listings? These transactions take longer since they require third party approval. The secured lenders must agree to the contract terms since the proceeds will not fully cover the mortgage balances. More frustrations are to be expected since many of the lenders fail to approve the sales. These properties are sometimes described as pre-foreclosures.
121 active short sale listings are available in Washington County.
Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-95378871-354
All home buyers that plan to use mortgage financing should obtain pre-approval for financing as the first step in the purchase process. Please ask for a referral if you do not have an existing relationship with a mortgage lender.
Do you qualify for the new tax credit? The Home Buyer Tax Credit now includes current home owners as well as first time buyers. This link provides the highlights of the program: http://www.federalhousingtaxcredit.com/glance.php
New Home Buyer Tax Credit Video from RE/MAX. Please share with family and friends: http://www.youtube.com/watch?v=1leN8E8BKTo
Real Estate Investors Zero In on Short Sale Homes. RE/MAX Video: http://www.youtube.com/watch?v=ZMUZSPSrtuI&feature=related
Providing exclusive buyer and seller representation. Advising clients on pre-foreclosures, trustee sales, foreclosures and REOs. Listing agent for Bank of America Home Loans in Montgomery County.
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