Asbestos follow up
Mar 19, 2015 9:40:57 GMT -5
Post by mrsdee1982 on Mar 19, 2015 9:40:57 GMT -5
DH and I were able to get a few more quotes. We found a much more reputable company.
Basically, all of the quotes were coming back in the same range ($12 - $13,000 ish). The company we met with last night was super great about it all. They looked at the problem and agreed with what everyone else was saying. Asbestos removal, re-duct the house, replace the a/c & heating unit. But they said the prices the other 2 companies wanted to charge for the quality of equipment they were going to use was way too high. He said it was basically like buying a 1990 Accord for the price of a 2016 Lexus. So, he quoted us $15,200, but then with various discounts he was able to get it down to $12,800.
He also told us about the Hero program, which is an energy efficient incentive program run by the state of California. It is very difficult for contracts to get accepted to this program, but his company is one of the accepted vendors.
With the Hero program, the State will put forward up to 10% of the value of your home for you to make energy efficient upgrades and repairs (so for us, we qualified for a "loan" of $42,000 - but we're only using $12,800). Then, what you pay back is attached to your property taxes and the loan is not attached to your credit report or score at all. So our property tax bill is going to go up by about $200 a month, but since the "loan" is attached to our property tax, we get to write it off come tax time. So each year, for the next 5 years, we'll have an additional $5,500 tax write off. Since we were going to have to take out a loan anyways, this seemed to make the most sense to us. When all is said and done, after write offs and returns, we'll only end up paying back an actual $8,000ish.
So, they came out at 6 am this morning to start the process, and by tomorrow afternoon, our house will be Asbestos free and with a new a/c & heat unit. And I didn't have to make my husband turn tricks or try and find a market for high priced massively pregnant call girls to afford it! Yay!
Basically, all of the quotes were coming back in the same range ($12 - $13,000 ish). The company we met with last night was super great about it all. They looked at the problem and agreed with what everyone else was saying. Asbestos removal, re-duct the house, replace the a/c & heating unit. But they said the prices the other 2 companies wanted to charge for the quality of equipment they were going to use was way too high. He said it was basically like buying a 1990 Accord for the price of a 2016 Lexus. So, he quoted us $15,200, but then with various discounts he was able to get it down to $12,800.
He also told us about the Hero program, which is an energy efficient incentive program run by the state of California. It is very difficult for contracts to get accepted to this program, but his company is one of the accepted vendors.
With the Hero program, the State will put forward up to 10% of the value of your home for you to make energy efficient upgrades and repairs (so for us, we qualified for a "loan" of $42,000 - but we're only using $12,800). Then, what you pay back is attached to your property taxes and the loan is not attached to your credit report or score at all. So our property tax bill is going to go up by about $200 a month, but since the "loan" is attached to our property tax, we get to write it off come tax time. So each year, for the next 5 years, we'll have an additional $5,500 tax write off. Since we were going to have to take out a loan anyways, this seemed to make the most sense to us. When all is said and done, after write offs and returns, we'll only end up paying back an actual $8,000ish.
So, they came out at 6 am this morning to start the process, and by tomorrow afternoon, our house will be Asbestos free and with a new a/c & heat unit. And I didn't have to make my husband turn tricks or try and find a market for high priced massively pregnant call girls to afford it! Yay!
