Seamless Spray Insulators is committed to providing their customers with the most up to date and accurate information regarding resources for government programs, and available funding. Please read below this up to the minute information on how you can secure needed funding for these type energy improvement projects to your home and business.
2009 ENERGY EFFICIENT TAX CREDIT PROGRAM
As of February 17th, 2009, USA Insulation customers will be eligible for a federal tax credit of 30 percent of home insulation costs, up to $1,500!
The economic stimulus bill, known as The American Recovery and Reinvestment Act (H.R. 1), was signed into law by President Obama on February 17th of 2009. The economic stimulus bill will provide significant energy tax credits for energy efficient home improvements made during 2009 and 2010. Eligible home improvements include those made to roofs, windows, doors, insulation, HVAC and non-solar water heaters.
Section 1121 of the Bill states that consumers who choose to make these improvements in the coming year can receive an energy tax credit for 30 percent of the cost, up to $1,500. Eligible building envelope component tax credits for home improvements, including insulation, do not apply to consumers who are building new homes.
For insulation to qualify, the primary purpose must be to insulate. For example, aluminum siding does not qualify as insulation. A manufacturer’s certification is required and the insulation must be expected to last for at least 5 years, or carry a 2 year warranty.
Consumers should keep any receipts and Manufacturer’s Certification Statements for tax purposes (IRS Form 5695). The insulation must be ‘placed into service’ during the taxable years of 2009 and 2010. Home improvements made during 2008 are not eligible for this tax credit.
Visit Energy Star to find more information about these federal energy tax credits. If you are interested in adding home insulation, please Contact Us for a free estimate. Certificates
Tax Rebate Certificate
Save up to 40%on your Energy Bills with Insulation & Air Sealing Contact us for your Free Energy Consultation
LEED
Energy Star
ENERGY STAR is a joint program of the U.S. Environmental Protection Agency and the U.S. Department of Energy helping home and building owners save money and protect the environment through energy efficient products and practices. In the home, energy efficient choices can help families save about a third on their energy bill with similar savings of greenhouse gas emissions, without sacrificing features, style or comfort.
Homes that earn the ENERGY STAR must meet guidelines for energy efficiency set by the EPA. ENERGY STAR qualified homes are at least 15% more energy efficient than homes built to the 2004 International Residential Code. ENERGY STAR qualified homes can include a variety of energy-efficient features, such as effective insulation, high performance windows, tight construction and ducts, efficient heating and cooling equipment and ENERGY STAR qualified lighting and appliances. For more information, log on to energystar.gov.
Federal Tax Incentives
Spray Polyurethane Foam (SPF) will enable homeowners, commercial building owners, and builders and manufactures of new homes to take advantage of tax credits available as part of the Energy Policy Act of 2005. A tax credit is different from a tax deduction in that it reduces the amount of income tax you have to pay versus reducing the amount of income subject to tax.
Homeowners
Under the Energy Policy Act of 2005, homeowners can take a credit of 10% of the cost up to $500 for installing spray polyurethane foam as an insulation material. This tax credit only applies to the cost of the insulation materials and not the labor costs associated with the installation of these materials. Installations must be done after December 31, 2005, and before January 1, 2008 to qualify for the tax credit.
For more information on this tax incentive for homeowners, consult the following helpful links:
Tax Incentives Assistance Project (TIAP)
IRS Notice 2006-26
IRS
Commercial Building Owners
A business owner or tenet of a new or existing commercial building that is constructed or re-constructed to save at least 50% of the heating, cooling, ventilation, water heating, and interior lighting energy costs over a building that meets ASHRAE Standard 90.1-2001 is eligible for a tax deduction of up to $1.80 per square foot. Partial deductions of $0.60 per square foot are available for improvements to the building envelope, lighting, or heating and cooling systems that reduce the total heating, cooling, ventilation, water heating, and interior lighting energy use by 16 2/3%.
For more information on this tax incentive, consult the following helpful links:
Tax Incentives Assistance Project (TIAP)
Energy Star
Builders and Manufacturers
Builders or manufacturers of homes are able to receive a $2000 tax credit if they build homes projected to save at least 50% of the heating and cooling energy over a comparable home. A comparable home is one that meets the standards of the 2003 International Energy Conservation Code. Manufactured home producers are able to receive a $1000 credit if they produce homes that save 30% of the heating and cooling costs or that qualify for the Energy Star Homes program. These credits are available for homes placed in service and ready for use from January 1, 2006 through December 31, 2008.
See these sites for further information:
IRS
Tax Incentives Assistance Project (TIAP)
Energy Star
Manufacturers:
Gaco Western – https://gaco.com/
NCFI – https://ncfi.com/
ICYENE – https://www.icynene.com/en-us/about-us
Universal Polymers Corporation – https://www.upcfoam.com/
Trade Associations etc
Spray Polyuretane Foam Alliance – https://www.sprayfoam.org/
Spray Foam Coalition – https://polyurethane.americanchemistry.com/polyurethanes/Spray-Foam-Coalition/
Insulation Contractors Association – https://www.insulate.org/spray-foam/
Spray Polyurethane Organization – https://www.spraypolyurethane.org/
Spray Foam Magazine – https://www.sprayfoam-digital.com/