The ‘American Recovery and Reinvestment Act of 2009’ which became law on February 17, promotes energy independence and green jobs through tax credits and government grants. This is part of an effort to make Virginia Beach homes and buildings more energy efficient.

Energy saving provisions include: 

• $6 billion to state and local governments for energy efficiency and conservation grants for energy audits, retrofits and financial incentives. 

• 30% tax credit (increased from 10%) to homeowners for new furnaces, windows and insulation. 

• $5 billion to modernize the nation’s electricity grid and install smart meters on homes, saving homeowners money. 

• $5 billion for weatherization assistance for low income households. 

• $2 billion for federally assisted housing (section efficiency efforts.  

This bill is good news for Virginia Beach homeowners wanting to make their homes more energy efficient. Interested in buying a Virginia Beach home? Visit ButlerTeamHomes.com.

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What Does Interest Rate Cut Mean to Virginia Beach Homeowners?

The Federal Reserve cut the short-term interest rate this week.

The Federal Reserve cut the short-term interest rate this week, but how does this affect Virginia Beach homeowners? Rates are now the lowest they have been in the last six months and this may be the time to refinance, especially if you are in an adjustable-rate mortgage.

To find out if you would benefit from refinancing, give us a call at 866-222-0158 #550 or email us at info@ButlerTeamHomes.com and we will refer you to a mortgage lender who is glad to provide you the information you need to make an educated decision. There is no obligation whatsoever!

Wondering what the current market value of your Virginia Beach home is? Take advantage of our complimentary home valuation by visiting HRHouseValue.com. Your valuation will be emailed to you.

You can also receive a complimentary copy of our book, Get the Best Deal When Selling Your Home-Hampton Roads Edition.