The Manufactured Housing Institute (MHI) weekly newsletter reports the Tennessee Valley Authority (TVA) is increasing the rebate amounts for ENERGY STAR manufactured homes to $1,950 per home for customers in their seven state service area. Under the program, home manufacturing plants will receive $1,450 for each ENERGY STAR home sold to a customer of a TVA member utility, and HVAC distributors will receive $500 to reduce the customer cost of purchasing a heat pump, required in all ENERGY STAR electrically-heated homes. Each home manufacturer also receives a $1,000 federal tax credit, placing the dollar value for each home at nearly $3,000. While the initial incentive benefits the manufacturer, the long range savings of about $50 month will benefit the manufactured home owner. In addition, the ENERGY STAR rating increases the value of the home.
2 thoughts on “TVA Offers Incentive for ENERGY STAR Homes”
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Thanks for the informative post. u00a0Perhaps people will be more eager to purchase a Energy Star home. How do you think this will impact the overall market?
Michael,nExcellent question. The honest answer is, what will local home retailers do to promote this program? In the Northwest Pride program, they pushed quality, energy star rated homes that rivaled conventional construction for less. That worked well for many years.nnWhen factories team up with their retailers, communities and developers to get out a positive marketing message combined with customer friendly sales systems, more sales will certainly follow.