FEATURED
Provider Name: Internal Revenue Service
Amount: $250 - $3,400, depending on the vehicle's level of fuel economy improvement
Personal tax credit for purchasing a new energy-efficient car that will be put into service after January 1, 2006 and purchased on or before December 31, 2010. The full tax credits will be available until a manufacturer reaches 60,000 vehicles sold (60,000 for Toyota, 60,000 for Ford, etc.). Once a manufacturer has sold 60,000 vehicles, a one-year... more »
FEATURED
Provider Name: US Department of Housing and Urban Development
Amount: The FHA allows lenders to add up to 100% of energy efficient improvements to an existing mortgage loan. This is done by insuring a loan of up to 5% of a home’s appraised value or $4,000, whichever is greater, but not to exceed $8,000. The amount varies by county/state and number of units in a dwelling.
To calculate your eligibility, visit http://www.fha.com/lending_limits.cfm
Federal loan program that allows current or potential home buyers to incorporate the cost of energy efficient improvements into their new or refinancing FHA loan. To be eligible, you must meet income requirements and be able to make mortgage payments. An initial inspection by a home energy rating system or a qualified energy consultant is required... more »
FEATURED
Provider Name: Fannie Mae
Amount: Varies
Mortgage program in which private lenders sell loans to Fannie Mae and Freddie Mac, which in turn allow homebuyers to borrow up to 15% of an existing home’s appraised value for improvements documented by a Home Energy Rating. Fannie Mae adjusts the value of the home to reflect the value of the energy efficiency measures and also lends up to 5%... more »
