Newsline

Homeowners Taking Action This Winter

November 23, 2005
/ Print / Reprints /
ShareMore
/ Text Size+
GOLDEN, Colo. - Service Magic Inc., a national Web-based business connecting consumers with prescreened and customer-rated residential contractors, reports a 32 percent increase in online consumer service requests related to energy conservation during the fall of 2005 as compared to 2004.

"Americans have heard the warnings that energy costs are on the rise and they're taking action. Some are addressing the issue with small fixes but many are thinking longer term," said Rodney Rice, co-CEO of Service Magic.

According to the Environmental Protection Agency (EPA), the average American household spends $1,500 annually on energy bills. Experts are forecasting this number may go up as much as 50 percent this year. Almost half of that energy fuels heating and cooling the home. On average, homes heated with natural gas will see the biggest increase in energy costs this winter with a 41 percent increase, according to the Energy Information Administration (EIA), followed by oil with a 27 percent increase, and households heated by electricity will likely see a 5 percent increase this winter.

Taking action to conserve energy will not only lower monthly energy bills, but may help around tax time as well. According to the Department of Energy (DOE), homeowners may be eligible to receive the following credits: up to 30 percent of the cost, or up to $2,000, for installing solar-powered hot-water systems used exclusively for purposes other than heating swimming pools and hot tubs; up to $500 on the amount spent to upgrade thermostats, caulk leaks, or to stop energy waste; up to $200 credit for installation of new exterior windows; up to $300 credit for purchases of a highly efficient central air conditioner, heat pump, or water heater; or up to $150 for installation of a highly efficient furnace or boiler.

Publication date: 11/28/2005

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 Energy Efficiency Forum

Highlights from the 25th annual Energy Efficiency Forum in Washington, D.C.

Podcasts

NEWSMakers: John Missell

John Missell, vice president and COO of Spectrum Design, joins the program to discuss how his company has utilized geothermal technologies, and we examine the future of renewable energy resources. Posted on Aug. 15.

More Podcasts

ACHRNEWS

NEWS 08-18-14 cover

2014 August 18

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Prohibiting HFCs

EPA is proposing a rule that would prohibit some HFCs in select refrigeration applications. Do you agree with this move?
View Results Poll Archive

HVACR INDUSTRY STORE

plumbing-hvac.gif
2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con