Tax Credit Amount: 10% of the cost, up to $500 (Tax Credit does NOT include installation costs).
How to take advantage of this opportunity:
- Find a Authorized Contractor in your area.
- Install Spray Foam Insulation in your home.
- Hang on to your receipts and the Manufacturer's Certification Statement. Then submit IRS Form 5695 (line 52: the residential energy tax credit) with your tax return.
- Enjoy your comfortable home insulated with spray foam insulation while saving money on your utility bills and tax returns!
- To find out if there are any state or local incentives in your area, please visit www.dsireusa.org.
Tax Deduction Amount: A tax deduction of up to $1.80 per square foot is available to owners or designers of new or existing commercial buildings that save at least 50% of the heating and cooling energy of a building that meets ASHRAE Standard 90.1-2001.
Partial deductions for up to $.60 per square foot can be taken for measures affecting any one of three building systems: the building envelope, lighting or heating and cooling systems. These tax deductions are available for systems "placed in service" from January 1, 2006 through December 31, 2013.
- IRS Notice 2006-52 (6/2/2006) provides guidance on deduction for energy efficient commercial buildings
- IRS Notice 2008-40 (4/7/2008) Application of Notice 2006-52
- Commercial Building Tax Deduction Coalition
- To find out if there are any states or local incentives in your area, please visit www.dsireusa.org.
SAVE on FOAM TODAY and then SAVE EVERY MONTH with LOWER ENERGY BILLS.
