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Timothy Steele
Investment Advisor Representative
HBW Advisory Services LLC
3017 Douglas Blvd, Suite 100
Roseville, CA 95661
Phone: 916-550-3456
Cell: 916-250-0953
Fax: 801-527-5618
Email: timothy.steele@hbwadvisory.com
Website: www.myHBWadvisor.com
July/August 2024
Saving on Energy Costs
If energy costs take a significant bite out of your monthly budget, there are steps you can take to lower them. Here are some ideas.
Lower or raise your thermostat.
Adjusting your house temperature by just a few degrees can make a difference.Install a programmable thermostat.
Smart thermostats allow you to program and control heating and cooling settings using an app or a voice-controlled device.Insulate.
Apply caulking and weather stripping to windows and doors, and add insulation to your home.Get a home energy audit.
A professional auditor will assess your home’s energy efficiency and identify areas for improvement.Energy Efficient Home Improvement Credit.
By replacing old furnaces, air conditioners, and water heaters with energy-efficient equipment, you may be eligible for a credit of up to 30% ($1,200 maximum) of the cost of new qualifying items. The credit is taken on your income tax return.Residential Clean Energy Property Credit.
A credit of 30% of the cost of equipment is available until 2032 for the installation of solar panels, solar water heaters, geothermal heat pumps, wind turbines, fuel cells, and battery storage technology. More information about these credits is available at www.irs.gov/credits-deductions/homeenergy-tax-credits.
Investment advisory services offered through HBW Advisory Services LLC, HBW Insurance & Financial Services, Inc. dba HBW Partners and and HBW Advisory Services LLC are under separate ownership from any other named entity.
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