Eco Friendly Home Improvements
On: March 29, 2024 In: Homeowner's Insurance

As the season changes, many of us feel the urge to refresh and renew our homes. This spring, why not consider eco-friendly home improvements? These updates not only enhance your living space but also improve energy efficiency, which can potentially lower your costs with home insurance companies.  In this blog, we’ll explore how making green choices can benefit both the planet and your wallet, while also positively impacting your relationship with home insurance companies. Plus, we’ll answer a common question: “Are home improvements tax deductible?”

Start with Energy-Efficient Windows and Doors

One of the first steps to a more eco-friendly home is updating your windows and doors. Energy-efficient models keep your home warmer in the winter and cooler in the summer, reducing the need for air conditioning or hefty bills. This means less energy is needed for heating and cooling, which can lead to lower utility bills. Additionally, home insurance companies often offer discounts for homes with features that reduce the risk of damage and loss, including energy-efficient updates.

Consider a Smart Thermostat

Smart thermostats are another excellent eco-friendly improvement. These devices learn your schedule and adjust the temperature accordingly, ensuring energy isn’t wasted when you’re not home. By reducing your energy usage, you’re not only helping the environment but possibly lowering your insurance costs as homes with smart technology are often seen as lower risks.

Incorporate Rainwater Harvesting Systems

Rainwater harvesting systems collect and store rainwater for use in gardening, flushing toilets, and even laundry. This reduces your dependence on municipal water systems and lowers your water bill. Plus, when you’re ready to sell your home, incorporating such systems can make your home more attractive to eco-conscious shoppers.

Are Home Improvements Tax Deductible?

This question comes up often. While not all home improvements are tax deductible, many eco-friendly updates qualify for tax credits or rebates. This means that, in addition to saving on your energy bills and potentially lowering your insurance rates, you can also benefit at tax time. It’s always a good idea to consult with a tax professional to understand what specific benefits apply to your situation.

Spring is the perfect time for making eco-friendly home improvements. Not only do these updates contribute to a healthier planet, but they can also improve your home’s efficiency, increase its value, and even offer savings on insurance costs. At Southern Oak, we encourage homeowners to consider how these green updates can impact their lives positively. Remember, taking steps towards sustainability is not just about the immediate benefits. It’s about ensuring a better future for generations to come.