Home Improvements Raise Your Basis for Capital Gain

Home Improvements Save You Money on Capital Gain Tax

Why Raising Your Basis Reduces Your Taxes

Any improvements made to the home during your ownership can raise your basis for the property. This will reduce your Capital Gain. IRS calculates capital gain by subtracting the price you originally paid for your property, plus improvements (the Basis) from the amount you received for selling your property. This amount constitutes your capital gain, which is taxable except for the allowed exclusion amount.

As of 2022 tax filings, you can exclude $250,000 of your capital gain if you file separately or are single. If you are married and filing jointly, you can exclude $500,000.

Examples:

If you paid $700,000 for your property, and sold it for $1.2 million, you would have to pay taxes on the money you made, minus the exclusion. For a single person or a person filing separately, this would mean you would pay taxes on $350,000

[$1,300,000 – $700,000 = $600,000] – $250,000 = $350,000.

SALES PRICE

PURCHASE PRICE/BASIS

CAPITAL GAIN

EXCLUSION SINGLE PAYER

TAXABLE AMOUNT

For a married couple filing jointly, you would pay taxes on $100,000.

[$1,300,000 – $700,000 = $600,000] – $500,000 = $100,000

SALES PRICE

PURCHASE PRICE/BASIS

CAPITAL GAIN

EXCLUSION MARRIED FILING JOINTLY

TAXABLE AMOUNT

Impact of Home Improvements on Raising your Basis

Going back to our initial statement, home improvements made during the time you owned the property are added to the cost basis. Therefore, if you added a patio and yard improvements to the property which cost you $100,000, the Taxable Capital Gain equation changes.

For a single person or a person filing separately, you would pay taxes on $250,000.

[$1,300,000 – ($700,000 + $100,000) = $500,000] – $250,000 = $250,000

SALES PRICE

PURCHASE PRICE

HOME IMPROVEMENT VALUE

CAPITAL GAIN

EXCLUSION SINGLE PAYER

TAXABLE AMOUNT

For a married couple filing jointly, you would NOT pay a capital gain tax.

[$1,300,000 – ($700,000 + $100,000) = $500,000] – $500,000 = $0

SALES PRICE

PURCHASE PRICE

HOME IMPROVEMENT VALUE

CAPITAL GAIN

EXCLUSION MARRIED FILING JOINTLY

TAXABLE AMOUNT

So, as you can see, home improvements raise your basis which reduces the amount you will be taxed. This could be important since higher market values could be approaching the maximum exclusion on As you can see, keeping track of and including any home improvements you have made during the life of the property can make a significant financial impact on your home sale. To find out more information on this topic, download IRS publication 523 and consult a tax professional before you sell your property.

At Sound Investments, Inc. we have a tax professional on staff who can explain capital gain ramifications of your sale. Make sure you account for this tax break you are entitled to. CLICK HERE to contact us about selling your property and how that will impact your taxes.

Save Money by Saving Water

Save money on your home by saving water

Conserving Water Saves Two Ways

Saving water helps save the earth but can also help your pocketbook. After the rare heavy rains we experienced in late 2022 and early 2023, you might think we no longer have to conserve water. But even if we never suffer a drought again, it would be wise to consider taking steps not to waste water in your household. Remember, saving water also saves you on your annual home expenses and can be accomplished without a large investment of money. For a break-down on how much you could save from American Home Shield, CLICK HERE.

Easy Additions to Conserve Water

There are several things you can easily add to your home to help save water easily. For instance, you can install water saving aerators on your faucets and water saving showerheads. The cost for these additions is minimal and will be offset by savings quickly.

Moreover, you can install a low flow toilet or put a conversion kit on your existing toilet. Think of it like saving money with each flush. Additionally, you should upgrade to energy efficient, smarter appliances that use less water. These types of washing machines and dishwashers are not overly expensive and may even come with some tax benefits..

Save Water by Changing Your Behavior

Small changes in behavior can add up quickly to noticeable savings. For instance, you could remember not to leave water running while washing hands, brushing your teeth, or shaving. It may be hard at first to change your routine, but once you practice it, it can easily become second nature.

Shortening your shower time and filling your tub less while bathing are also easy ways to save water. And quitting potentially trouble-causing behavior – like flushing hair, tissues or other trash down the toilet – will be beneficial to your water savings as well.

Change Your Behavior in the Kitchen and Beyond

Don’t forget you can save water in the kitchen too. Don’t let the faucet run while you clean vegetables. Instead, rinse them in a large bowl. And, when you wash your dishes in the sink, plug the sink or use a dishpan.

Teach yourself to wash only full loads of dishes or laundry. Today’s appliances and detergents make waiting a day or two “no problem.” Also, check at least monthly for any leaks on your toilets, faucets, dishwaters, washing machines, and water heaters. Don’t forget pipes underneath sinks as well. Repair any leaks you find as soon as possible.

Finally, in the garden water outdoor plants during the cool part of the day. This prevents waste through evaporation.

When you buy a house, it’s easy to forget the cost of ownership includes more than just your monthly mortgage. Remember, many of the ways to save water are easy. And since “Saving Water = Saving Money,” start putting some of these strategies into play soon.

Thinking About Selling Your Home?

Thinking of selling your home

SELLING YOUR HOME

Are you thinking about selling your home? Consider how complicated this process can be and how high the stakes involved are. These factors make it worth evaluating the entire home sales process carefully before you act. Do you have the information and know-how to make the right choices? The vast majority of people selling property don’t. This is because it isn’t their primary focus on a day-to-day basis. That is why 90% of people who sell their homes hire a real estate professional to help them.

ASSISTANCE WHEN SELLING YOUR HOME

When looking for a real estate professional for help, choosing a REALTOR is most likely your best alternative. Why is this? It’s because REALTORS are held to a higher standard than real estate agents and brokers.  CLICK HERE to learn about the difference between REALTORS, real estate agents and real estate brokers.  REALTORS® are members of the NAR (National Association of Realtors). REALTORS® and can be real estate agents, brokers, property managers, appraisers, or other types of professionals in the real estate industry. However, REALTORS must follow a strict Code of Ethics and Standard of Practice as prescribed by the NAR.  Remember, you are likely looking to sell your largest asset. It only makes sense to have the best help you can have.

Professional REALTORS understand the market better than anyone. This is because they are engaged in buying and selling property every day. REALTORS understand what makes a home sell quickly and for the highest price. They also know what mistakes result in sub-optimizing your sale price and missing out on a great sale opportunity. They can help you make the right decisions to reach your goals.

GETTING READY TO SELL

Realtors also help you get your home ready to sell. They give you the current market information to price your home properly. They can also make recommendations to improve your property’s marketability. Moreover, REALTORS build a marketing plan for your home. Because of this, your property gets in front of the right buyers sooner. And most importantly for many of us, REALTORS drive all the paperwork required for the sale. This includes knowing about and assisting your to complete necessary disclosures and contracts.

In these and many other ways, REALTORS can reduce your worry and your workload when you sell your home. They understand what needs to be done and when it needs to be done. If you need other work to be done, such as repairs or maintenance, they can recommend trusted professionals they know will do a good job. They have built strong relationships with other professionals needed during the sales process, such as title companies and insurance agents.  They manage these other entities to work together as a team to help meet your deadlines and objecties.

EXPECT THE UNEXPECTED

One of the most underrated types of support REALTORS also provide is contingency planning. They can help you deal with any surprises that invariably come up. They are prepared to help manage additional appraisals, inspections, counteroffers and more.

Sound Investments, Inc. employs an experienced REALTOR with a solid reputation and history of success. Contact us by CLICKING HERE or call us at (510)-244-0081 and we will be happy to assist you with your home sales and work diligently to help achieve your goals.

What Affects Homeowners’ Insurance Rates

Factors that affect homeowners' insurance rates

According to Bankrate, the average cost of homeowners’ insurance in the United States for $250,000 in dwelling coverage is approximately $1,400 per year. Your rate could differ since rates are typically calculated based on various home insurance cost factors.

Other well-known factors, such as its location, also impact your rate. However, there are other, lesser-known factors that affect rates as well. These include the type of claims you have filed, or how close you are to a fire station. These may affect your insurance premiums as well as your eligibility with some companies. Understanding what factors are used to determine your rates is helpful in determining what homeowners’ insurance company and coverage options are right for you.

WHAT IS DWELLING COVERAGE

Dwelling coverage is the portion of your homeowners insurance policy designed to cover your home’s structure. You may be asked to choose whether you want this coverage at replacement cost value or actual cash value. This may impact your premium. Replacement cost value provides coverage to rebuild your home and replace your belongings at today’s costs. Actual cash value factors in depreciation and pays out to rebuild or replace items at their current value. Choosing replacement cost value will likely increase your premium but will provide more financial protection in case of a covered event.

FACTORS THAT IMPACT YOUR HOMEOWNERS’ INSURANCE RATE

Risk Assessment
A risk profile conveys the likelihood your property will experience a covered event. If you live in an area where the chance of a claim is higher, your home insurance rates will likely be higher. If your house is located in an area with a higher history of negative events, such as vandalism, theft or weather-related events, you may experience a higher premium. Location is also often used when determining replacement costs for your home. This is because construction costs, including labor and materials, vary depending on region.

Physical Attributes
Physical attributes of your home affect your homeowners’ insurance premium. This includes factors like the age of your home, structural materials used and square footage.

Claims History
Insurance companies often consider any previous claims you have filed within a certain timeframe. They generally assume that homeowners who file claims are more likely to file future claims. If you have a history of filing insurance claims, insurance companies may consider you a greater future claims risk. This is true even if the dollar amount of your previous claims is small. This may include your claims history at both your current and prior properties. Therefore, even if you’re insuring a new home, your prior claims history from other homes may impact your new policy and affect your rates.

Other Factors
Marital status, age of home and your level of deductible also affect your rate. Typically, the older your home is and the lower your deductible is will increase your rates. Insurance companies differ with how they treat marital status. It is good practice to check how that factor affects your rates when picking an insurance company. In many states, your credit score can affect home insurance rates. However, in California it is no longer legal to do so.

SURPRISING RATE IMPACT FACTORS

Distance from Water
The closer a home is to the coast, the more likely it is to experience flooding or hurricane damage. This tends to increase the cost of insurance. Flood zones are important determinants in whether or not you should have flood insurance. If you have a federally-backed mortgage, like an FHA loan and your home is in a high-risk flood zone, you’re required to have flood insurance.

Distance from a Fire Station
The premiums you pay for home insurance are likely to be impacted by how close your home is to a fire department and fire hydrant. The closer you are to a fire station and hydrant, the greater the likelihood a fire can be extinguished quickly. This reduces the risk for severe damage, and/or the complete destruction of your home. The insurance industry generally uses the Fire Suppression Rating Schedule (FSRS) from the Insurance Services Office (ISO) to determine your home’s fire risk.

Dog Breeds
Having pets may also impact your rates or even your eligibility with some insurance companies. This is especially true for certain dog breeds and exotic animals. Some companies raise your rates to account for an increased ‘bite risk.’ Moreover, a bite history could also raise your rate or ability to get coverage, even if your dog isn’t a ‘restricted breed.

Attractive Nuisances
Attractive nuisances are items on your property that could be potentially dangerous and appealing, especially to children. This could include items such as swimming pools or trampolines. If your home has any of these, you may also see higher homeowners’ insurance rates or eligibility restrictions.

BEST HOMEOWNERS’ INSURANCE COMPANY

The best homeowners insurance company will likely not be the same for everyone. Most insurance professionals recommend starting by reviewing which carriers offer the coverage options you need, positive customer service ratings, strong financial strength ratings and discounts. From there, you can get quotes from top companies and compare to find which company might be best for your circumstances.

This post is just a snapshot of things that go into determining how much you will pay for insuring your home. There are many factors that affect homeowners insurance premiums, including ones that are not mentioned here. But one thing is certain, having adequate homeowners’ insurance is critical in protecting your family’s investment and having a place to live. If you haven’t checked your homeowners’ insurance policy recently, it is a good idea to do so. Find out if your insurance covers total replacement of your home at today’s costs. If your homeowners’ insurance rates were set at a level that simply pays out at rate where your home’s value was lower, you want to change that as soon as possible. If you don’t, any money you have saved in premiums may be more than lost when a catastrophic event forces you to rebuild.

And don’t forget having a recent “home inventory.” CLICK HERE to read our blog outlining Homeowners 2023 resolutions and steps you should take to make sure your belongings are also replaced in case of catastrophe.

Negotiate a Mortgage Buy-Down

Negotiate a mortgage buy-down

A MORTGAGE BUY-DOWN IS AN OPTION TODAY

An option to consider to deal with higher mortgage rates would be to negotiate a buy-down with the seller. In a “softer” market, the seller may accept an offer to buydown the interest rate for the first two years. That would allow the buyer to purchase at today’s prices, with much lower payments for the first two years.

This is an interesting alternative if you are currently a prospective homebuyer. A lot has changed in the past year. Most notably, mortgage rates have more than doubled. This results in an affordability gap that has taken approximately 15 million buyers out of the market. Therefore, inventories are growing. This is not because more people are deciding to sell their homes. It is because it is taking longer to sell properties because less people are qualified.

ADDITIONAL FACTORS CREATING PRESSURE TO SELL

Buyers are wondering when the market will return to normal. In reality, mortgage rates at three and four percent are not be common over the years. For example, the average mortgage rate between April 1971 and November 2022 is 7.76%. Predictions for mortgage rates in the third quarter 2023 range from 4.5% for Fannie Mae, 5.0% for Mortgage Bankers Association, and 5.2% for Freddie Mac. You can see additional 2023 mortgage predictions at Forbes Advisor.

This does create an opportunity for prospective buyers in today’s market. The slowing of housing sales, (down 34% from December 2021), has changed the environment buyers were experiencing in 2020 and 2021. Instead of having to pay a premium over the list price, many sellers are willing to negotiate on price. Without the competition from multiple offers, buyers can expect to include contingencies in their offers. These can be for financing, appraisals, inspections, and possibly, the sale of a home currently under contract.

OPTIONS TO BUY NOW

Some buyers who are confident that mortgage rates will come down soon have opted to purchase now with an adjustable-rate mortgage. This can lower the rate by about one percent for the first period which can be five years. When mortgage rates returned to acceptable, the borrower could refinance to a fixed-rate mortgage.

On the other hand, buyers can opt for asking for a mortgage Buy-Down. See this example below with a standard, conforming, fixed-rate loan. The buyer must qualify at the note rate, but the payment for the first year is 2% less than the note rate. After that, payment for the second year is 1% less than the note rate. The difference in the first two years must be paid in advance at closing. In the case of this example, the seller paid the difference as a result of contract negotiations.

MORTGAGE BUY-DOWN EXAMPLE

2023 mortgage Buy-Down Chart

During this period of lower payments, if the rate comes down, the buyer can refinance the property. If the rates come down at the end of the first year, the lender is required to reimburse the borrower for the remainder. This can be applied toward the cost of refinancing.

Temporary rate buy-downs have been available for decades. Their main purpose is to help a borrower get into a home with lower initial payments. Lenders across the country are talking about them now is because they provide a reasonable and viable alternative for buying a home at today’s prices. Buyers avoid larger initial payments that result from the current higher mortgage rates. It especially makes sense if you believe that rates are coming down soon.

TAKE ADVANTAGE OF PRESSURE ON SELLERS NOW

If the mortgage rates return to a more attractive rate, there may be considerable pent-up demand from the mortgage-ready buyers who were priced out of the market. This could lead to another seller’s market where high competition results in prices above list price and sellers not willing to accept contingencies. So purchasing now may be the wiser thing to do.

A qualified real estate agency, like Sound Investments, Inc. can give you more information about buy-down negotiations. We can explain how you can negotiate with the seller to obtain this type of loan. Call us at (510)-244-0081, or contact us by CLICKING HERE.

What the 2023 Gift Tax Exclusion Increase Means

2023 Gift Tax Exclusion Increased

THE 2023 GIFT TAX EXCLUSION IS NOW $17,000

The limit for a “Tax-Free” gift in 2023 is now increased to $17,000. This means that both parents can gift up to $17,000 to each of their children without having to pay the Gift Tax. In addition, they can gift $17,000 to their married children’s spouses without paying taxes. You can learn more about the Gift Tax Exclusion at Kiplinger by CLICKING HERE.

DOWNPAYMENT ASSISTANCE

Assume a mother and father of an adult married child both gift the maximum. The total value of the net gifted amount to the younger couple would be $68,000. A gift of this size can go a long way towards helping the couple put a down payment on a new home.

INCREASING THE VALUE OF YOUR GIFT

$68,000 can go a long way towards funding the downpayment on a new home. And in this manner, the parents can actually see their children make good use of an inheritance while they are still around. Additionally, if used as a downpayment on property, the gift allows the children to tap into equity that will likely grow in value over time. So the initial $68,000 bestowment can significantly increase in value over time.

Furthermore, whether the younger couple plans to pay back their parents or not, the gifted amount is not a loan. That means their credit score also is not negatively impacted.

DON’T MISS OUT ON CURRENT PRICE REDUCTIONS

Because of these factors, the increase in the Gift Tax Exclusion is another reason to consider purchasing property now. You can take advantage of lower prices. And, you can maximize the benefit of funds you were already planning to give to your children.

WE CAN HELP

If you would like to see how a gift could impact your children’s ability to purchase a home, contact us at Sound Investments by CLICKING HERE. We can calculate different scenarios and show you how much your initial gift can grow in value over time.

2023 Resolutions for Homeowners

Homeowner's Resolutions for 2023

WHY WE SUGGEST RESOLUTIONS FOR HOMEOWNERS

Why worry about homeowners’ resolutions for 2023? Well, we just started the new year but for most of us, it’s already off to a quickly-paced start. And as homeowners, neglecting key “home health activities” could result in having a “not-so-happy” 2023. Creating a list of resolutions for home owners, and following through on them will help prevent this.

UPDATING YOUR HOME INVENTORY

Remember to update your home inventory for insurance purposes. If you don’t have one, make sure you make this a top priority for 2023. This is because you never know when a disaster may strike. Fires, flooding, earthquakes and more often happen without warning. Moreover, during or immediately after a disaster is the worst time to try to accurately determine what you have lost in order to report it to your insurance company. For tips on creating a home inventory, visit the Insurance Information Institute at https://www.iii.org/article/how-create-home-inventory.

CREATE A 2023 LIST OF HOME REPAIRS NEEDED

While you’re making lists, don’t forget to make a list of any repairs that need to be made. Make sure this list is prioritized so you take care of the things that cause you the most risk fist. Determine an estimate of the costs for completing each repair. Then start planning how to get each item accomplished. For your high priority item, create the plan now and don’t forget to map out how you are going to obtain the funds to follow through.

When you make any improvements, be sure to keep track of your expenses you accrue. These are important to increase the basis of your home for tax purposes.

RECURRING MAINTENANCE ACTIVITIES

Repairs are not the only things you should take care of. Ongoing maintenance of your home is equally important. To make sure you are keeping up with these necessary activities, you should set up a recurring appointments on your personal calendar to complete them.

This includes reminders to change your HVAC filters every other month. Also, you should test your smoke alarms and carbon monoxide detectors semi-annually. If you burn wood in your fireplace, have your chimney cleaned at least once annually.

You should also identify ways to save on ongoing expenses tied to your home. This includes building a plan to conserve energy at home. In addition, check your plumbing and water usage to ensure there are no leaks or situations that cause water to be wasted. You’d be surprised how much money many homeowners are letting just waste away because they didn’t check or act on these items.

All of us at Sound Investments, Inc. wish you a happy, healthy and prosperous 2023. We hope this bit of homeowners’ resolution advice helps you. These homeowners’ resolutions can also help you prepare your property for sale. For more information on how to help increase the value of your home as you get ready to sell it, contact us by CLICKING HERE. Our real estate and property management expertise can help you maximize the value of your home.

About Credit Scores

About Your Credit Score

WHAT ARE CREDIT SCORES

Lenders use credit scores to assess risk. They determine whether a borrower is approved or declined for a mortgage, credit card or other type of credit based on this number. The score is a numerical value. It ranges from a low of zero to a high of 850 or 900 depending on the credit bureau.

HOW THEY ARE USED

The higher your credit score is, the more likely the lender believes you will repay the loan in a timely manner.

  • A higher credit score could help you get a lower interest rate
  • You can get a free credit report from all three major bureaus at www.AnnualCreditReport.com.
  • Your credit score doesn’t have to be perfect to get a loan. However, most lenders want buyers to have a minimum of 620 but FHA will consider as low as 500.
  • Less than 30% is a good target credit utilization percentage. Credit utilization is the percentage of credit you have already used compared to your available credit. Higher amounts could negatively affect your credit score.
  • There is a difference between a soft and a hard credit pull.  The former doesn’t hurt your score, but the latter can lower it a few points.  Try to avoid multiple hard inquiries.
  • “Good” types of credit: Credit cards, bank loans, car loans and home loans. Lenders prefer a mixture of different types of loans over having a single type.
  • Be aware that opening new credit accounts after you apply for a mortgage can hurt or even prevent you from being approved on the mortgage.

CREDIT SCORE COMPONENTS

There are five components to making up a credit score.  Payment history, like paying on time, contributes 35% to your credit score.  The amount you currently owe counts for 30% of your score as it figures into credit utilization. 

Moreover, length of time you have had credit established accounts for 15% of the score. New credit and the types of credit accounts comprise 10% of the score each.  Opening several accounts in a relatively close period will negatively affect your score.  It isn’t necessary to have all types of credit like credit cards, installment loans, finance company accounts and mortgage loans. However, it is necessary to have a mix of “Good” credit types.

NEED HELP?

If you need help increasing your score, a trusted lender that provides your pre-approval can also make suggestions that would improve your credit.  Contact us by CLICKING HERE. Or call us at (510)-244-0081 to get a personal recommendation of a trusted mortgage lender.

Standard vs. Itemized Deductions for Homeowners

Like everyone else, homeowners must decide between taking standard vs. itemized deductions on their taxes. However, even with the increased standard deduction that many homeowners have taken in the past few years, it may now be more advantageous to itemize.

STANDARD DEDUCTIONS HAVE BEEN INCREASING

The Tax Cuts and Jobs Acts almost doubled the standard deduction amount for taxpayers in 2019. For single taxpayers, it went from $6,500 to $12,000. For a married couple filing jointly, it went from $13,000 to $24,000. This tax benefit, coupled with low mortgage rates made it more beneficial for many homeowners to take the standard deduction.  But in 2023, the deduction for single taxpayers is going to $13,850 and for married filing jointly, to $27,700.

IMPACT OF INCREASED MORTGAGE RATES

However, in 2022 another dynamic is in play when it comes to your deduction decisions. That is the significant increase in mortgage rates. Therefore, it is not a foregone conclusion that you should simply take the standard deduction. Itemization may be more beneficial.  There are several things that can make itemization the better course to follow. These include items such as substantial charitable donations, mortgage interest, property taxes, large out-of-pocket medical expenses.

COMPARE STANDARD VS ITEMIZED DEDUCTIONS EACH YEAR

Tax professionals suggest that you compare both the standard and itemized deductions for your situation every tax year. Then you can decide which is more beneficial for you. You can learn more about what the Internal Revenue Service (IRS) has to say about this topic here. You can discuss a professional concept called “Bunching” with your tax professional. Bunching involves taking the standard deduction in one year and then itemizing the next year. You will need to pay two years’ worth of deductible costs in one year. Also, don’t forget as homeowners, you may be eligible for tax savings based on energy efficiency projects you may have performed in the past year. CLICK HERE to see my blog post on that topic. Your tax professional can explain how this may help you save on tax dollars.

Energy Tax Credits for Homeowners

ENERGY TAX CREDITS IN THE INFLATION REDUCTION ACT

The Inflation Reduction Act of 2022 includes energy tax credits available to homeowners who make specific energy efficient improvements. Homeowners can save up to $14,000 while making their home energy efficient and lowering their energy bills for years to come. That is definitely a double win for homeowners.

REPLACE WITH ELECTRICITY

Replacing fossil fuel-burning appliances for ones that run on electricity qualify for tax savings. You can get up to $840 when you switch to an electric range, oven or clothes dryer. You can save up to $1,750 if you replace your water heater with an electric one and up to $8,000 if you replace a heat pump for your home.

The Internal Revenue Service (IRA) offers up to $4,000 for upgrading an electrical panel and up to $2,500 for any associated wiring work. In addition, you may be eligible for up to $1,600 of the cost for insulation or air duct sealing.

HOW MUCH ARE YOU ELIGIBLE FOR?

Households making 80% of the median income for their area can receive 100% of the cost. Households making 80% to 150% of the area’s median income can get back 50% of the cost (up to the limits for each individual item) up to the $14,000 total.

Energy Tax Credits in 2022

SOLAR ENERGY TAX CREDITS

In addition, the federal solar tax credit is increased from 26% to 30% and is locked in through 2032. Contact your tax professional to see how these tax credits apply to you. Visit WhiteHouse.gov/CleanEnergy for more information.