Friday, June 25, 2010

BrightHome Urges New Jersey Residents to Act Fast on Energy Efficiency Tax Incentives

Ridgewood, NJ. June 23, 2010— “The window to qualify for funds is limited," said "Eco Ed" Schwartz, "the 2010 budget appropriation may not last to the end of the year. Rebate levels have already been lowered. Consumers should apply immediately."

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 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 Mr. Schwartz.

The program is an extension of Home Performance with ENERGY STAR. The combination of financing and cash rebates is intended to reduce energy usage and help lower utility bills. Details of the new incentive include:

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 HVAC 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 Sierra Club of Northern Jersey, 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 offer a comprehensive, whole-house approach to improving energy efficiency and comfort at home, while protecting the environment. 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 at 877-861-1818.

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