The DTE Major Renovations Program offers financial incentives, marketing and technical assistance to builders or homeowners who make energy efficient home upgrades. Renovations must be extensive and consist of 50% or more of the original home undergoing renovation. Through DTE and ENERGY STAR® partnerships, residential customers receive increased comfort, energy savings, quality and overall satisfaction in upgraded homes.
All homes must achieve a minimum of 5% savings above the custom baseline that is in effect at the time that a project is registered, as evidenced by an Ekotrope energy model file.
ENERGY STAR homes are built to meet the highest U.S. Environmental Protection Agency energy efficiency guidelines and include the latest energy saving equipment and features. Rebates are paid based on achieving ENERGY STAR certification and a given home s Home Energy Rating System (HERS) Index score
Your ENERGY STAR homebuyers will enjoy the following benefits for years to come:
- Reduced energy bills certified homes deliver approximately 20% savings on annual energy bills according to ENERGY STAR.
- Higher resale value -- certified homes sell at a higher premium than comparable homes that don't have an ENERGY STAR rating.
- Improved indoor air quality.
- A more comfortable home environment for higher customer satisfaction.
Visit ENERGY STAR to learn more.
For participants who are not already aware, we'd like to share some exciting information about the Inflation Reduction Act, Section 45L Tax Credit. The 45L tax credit, $2,500, has been updated and extended for homes and units acquired on or after January 1, 2023 through 2032. The base level tax credit will be tied to the ENERGY STAR certification for single-family homes. This tax credit can help builders offset the cost of upgrades even further. Please speak with your tax advisor about any tax credits you plan to claim.
Any homes with HERS Ratings on or after January 1, 2022 will follow the new 2022 rebate structure. Stay tuned for 2022 rebate information.