$1,500 Tax Credit for Home Owners
Home improvement tax credits are now available for home improvements "placed in service" from January 1, 2009 through December 31, 2009. Any qualified home improvements made in 2008 are not eligible for the tax credit.
Home improvement tax credits are available for insulation, replacement windows, water heaters, certain high efficiency heating and cooling equipment, and biomass stoves. See chart. The maximum amount that a taxpayer may claim from all of these tax credits combined is $1,500 over the lifetime of the tax credit (2006, 2007 & 2009).
Many different options are available to home owners when it comes to making home improvements that involve insulation. Retrofitting your attic with spray foam is one of the most common retrofitting applications for spray foam, also basement sealing and exterior applications are common amongst existing homes. Find a local applicator and take advantage of the $1,500 tax credit as well as starting dramatic savings on your monthly heating and cooling costs.
The Internal Revenue Service (IRS) guidance for consumers: IRS Notice 2006-26
Energy Savings
The common approach to energy savings when using both E:zero's open and closed-cell spray foams is a 50% reduction in your energy bills when insulating a new and well-built home. The flexible nature of spray foam insulation allows for a wide range of applications in your home, bringing about a range of energy bill reductions as well. Energy savings do not only contribute to your pocket book, but they also contribute to the prolonged health of our environment through the reduction in our dependency on carbon-emitting fuels.
Below you will find a close study done on two similar houses located in the same neighborhood that displays the impact of what E:zero and its spray foam can do:
- Sacramento, CA
- Comparable single story 2,400 square foot homes
- Several addresses apart on same side of street
- Gas and electric bills Feb to Dec, 2003
Traditionally insulated home: |
E:2000 spray foam insulated: |
Energy savings: |
Utility bills
|
Total gas and electric
|
48% reduction in utility bills
|
Monthly average utilities
|
Monthly average utilities
|
How much extra financing could you afford on a 30 year mortgage with an extra $118 per month? |
Average utility prices
|
Average utility prices
|
|
Take a look at some more case studies and job studies involving E:zero's spray foam products >
Home Owner Benefits
Areas of Interest
Federal Tax Credits for Energy Efficiency (Energy Star website)