Did you know your utility company gives discounts and rebates for your flip? Depending on your project and whether or not you are holding or flipping, this can mean considerable savings for you or your tenant. The discounts are normally available when you buy energy saving appliances, install additional insulation, replace old air conditioners, space heaters, install double pane windows, and many others upgrades.
The return comes in the form of cash vs. a loan, and can cover anywhere from 50 to even 100 percent of the cost of the qualifying upgrade. You will need to check with your local utility company to find out more information. In some cases you need to apply before the work is performed. The utility company may want to inspect the work before final approval.