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Cash for clunkers: Home edition

August 12th, 2009 · No Comments

From Green Right Now Reports:

In the frenzy over the “Cash for Clunkers” program that rewards drivers with up to $4,500 for ditching their old gas-guzzlers in favor of a new fuel-efficient model, many consumers appear to missing a similar though smaller deal on their homes.

ConstructionDeal.com, a Sherman Oaks, Calif.-based web site that helps homeowners find contractors for home improvement projects, did a survey that found nearly 40 percent of respondents were not planning on taking advantage of the $1,500 federal tax credit for energy efficient home improvements. The survey of about 5,000 project owners — primarily homeowners — also found that 25 percent were completely unaware of the tax credit.

Still, 10 percent of those surveyed said they had already taken advantage of energy efficient home improvements. And ENERGY STAR, a joint program of the US Environmental Protection Agency and the US Department of Energy that helps consumers save money and protect the environment traffic, says traffic to its tax credit web page is skyrocketing.

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