What Does It Cost?
The City of Holland has put together the Holland Energy Program, a great grant program that offers a 10% rebate on qualified home improvements and equipment. Here are two scenarios to help you understand how much you could save on your project by utilizing grants and rebates for home improvement.
Scenario 1: Typical $10,000 Home Improvement Project
In this scenario, the cost of your qualified home improvement project totals $10,000. Your property will be eligible for a 10% grant from the Holland Energy Fund (or $1,000) and $800 in rebates from the utility companies. You will also receive $800 in preferred customer rebates from WMGB.
TOTAL: $10,000 home improvement project – $2,600 in grants & rebates = $7,400 in actual spend on the project.
Factoring in very conservative energy savings estimates of $240 per year after the improvement project is completed, you will reduce this total even further over 10 years.
TOTAL: $7,400 in actual spend on the project – $2,400 in energy savings over 10 years = $5,000 cost of the project.
With PEARL certification increasing home value by an average of 5%, a $100,000 house increases in value by $5,000.
Your project is a Net $0 for $10,000 worth of home improvements!
Scenario 2: Typical $30,000 Home Improvement Project
In this scenario, the cost of your qualified home improvement project totals $30,000. Your property will be eligible for a 10% grant from the Holland Energy Fund (or $3,000) and $1,600 in rebates from the utility companies. You will also receive $2,400 in preferred customer rebates from WMGB.
TOTAL: $30,000 home improvement project – $6,000 in grants & rebates = $24,000 in actual spend on the project.
Factoring in very conservative energy savings estimates of $600 per year after the improvement project is completed, you will reduce this total even further over 10 years.
TOTAL: $24,000 in actual spend on the project – $6,000 in energy savings over 10 years = $18,000 cost of the project.
With PEARL certification increasing home value by an average of 5%, a $200,000 house increases in value by $10,000.
Your project is a Net $8,000 for $30,000 worth of home improvements!
Contact WMGB Home Improvement to Learn More
If you are a resident of Holland, MI, who is interested in benefitting from rebates and grants for home improvement, we can explain which improvements qualify. As your authorized local contractor for energy assessments and upgrades as part of the Holland Home Energy Retrofit Program, WMGB Home Improvement would be happy to answer any questions you may have and provide a detailed quote. Contact us at (616) 243-3700.
