Get Ahead With the Insulation Tax Credit
What is it?
Several years ago – in 2009 to be exact – the federal government offered tax credits for qualified improvements in energy efficiency. It caused a firestorm of home improvements to take place, as homeowners across the country took advantage of the savings the tax credit procured.
Recently, the government announced that it will reinstate the insulation tax credit, which also includes air sealing. Here's the crux of the tax credit:
- The credit covers 10 percent of the total cost of insulation materials – not including labor.
- The tax credit is capped at $500.
- The credit is retroactive and covers installations from January 1, 2015.
- The tax credit expires on December 31, 2016.
Why insulate and air-seal?There's a reason the federal government is prompting homeowners to boost home energy efficiency. Inefficient homes waste energy, and as a result, deplete our natural resources. When your home is tightly buttoned up, it wastes less energy to heat and cool the building. You'll feel more comfortable in all seasons and you'll reduce utility bills – all the while, feeling confident that you're contributing to a greener environment.
With the tax credit accessible to homeowners who've upgraded insulation in 2015 and to those who plan to tackle the project this year, there's no better time to invest in your home's energy efficiency. Take back your energy bills, live more comfortably, and get a tax credit at the same time. Contact USA Insulation today for more information about injection foam insulation, which qualifies for the tax credit.