Federal Income Tax Credits for Energy Efficiency

older couple holding money_39601103A number of tax credits for residential energy efficiency have been renewed. These tax credits are available for purchases made in 2016, as well as retroactive to purchases made in 2015. ENERGY STAR products eligible for tax credits are independently certified to save energy, save money and protect the environment. Use up to 30% less energy in your home by outfitting it with ENERGY STAR products available across more than 70 categories, including:

  • Biomass Stoves
  • Air Source Heat Pumps
  • Central Air Conditioning (CAC)
  • Insulation
  • Roofs
  • Water Heaters (non-solar)
  • Windows, Doors & Skylights

Tax credits for most purchase categories expire December 31, 2016.

For all the details, visit energystar.gov/about/federal_tax_credits.

Source: energystar.gov

Teachers Apply Now: Union Power Kicks Off Bright Ideas Grants

Bright Ideas kickoff 16

Union Power Cooperative and the other 25 electric co-ops in North Carolina have collectively pledged nearly $600,000 to the state’s teachers in Bright Ideas education grant funding for the 2016-17 school year. Educators of grades K-12 can submit an application beginning April 1 for grants of up to $2,000 for creative, hands-on classroom projects that would not otherwise be possible.

“For more than 20 years, Bright Ideas grants have helped teachers bring innovative ideas to life and get students excited about learning,” said Carrie Stroud, the Co-op’s manager of communications. “Union Power is committed to the communities we serve, and we believe there is no better investment than in the education of our youth.”

The Cooperative expects to award $20,000 in Bright Ideas grants this year to teachers in Cabarrus, Mecklenburg, Stanly, Rowan and Union counties. Teachers can apply individually or as a team and are encouraged to apply online at ncbrightideas.com.

Applications will be accepted through September 23, but Stroud noted it could pay to apply early. Teachers who submit their applications by the early bird deadline of August 15, will be entered to win a Visa gift card.

“Teachers have amazing, creative ideas to help students succeed, and we never want a lack of resources to limit the implementation of those ideas,” Stroud said. “The enthusiasm and dedication of educators never ceases to amaze us, and we are proud to support their efforts.”

In the past two decades, North Carolina’s electric cooperatives have contributed more than $10.2 million to teachers for 9,800 projects benefiting more than 2 million students. Union Power has awarded more than $333,000 for 324 grants benefiting nearly 34,500 students in its 5-county service area.