Monday, November 23, 2009

Tax Credits for Homeowners, Building Owners and Builders

With the recent thrust from the highest levels of government, the demand for more energy efficient and environmentally friendly structures has never been as great as it is now. Most know of the $1,500 tax rebate available to home owners who make energy efficient upgrades; however, there is a wide range of other rebates, incentives and credits available throughout the country. This week, CPi would like to give our readers access to the growing world of both Federal and State incentives for the use of renewable and efficient products such as spray foam insulation.

The ranges of programs available are quite diverse and beneficial for those who take advantage of them. Programs available to consumers, builders, architects, and more are already many and are growing almost daily throughout all levels of government, from the federal level down to the local. Trying to keep up with and research the large number of opportunities out there can be a daunting task, so CPi has put together a list of the most common incentives, as well as a collection of sites that will help you in finding which programs are available to you.

Home Owners/Consumers

This group of programs is an important marketing tool to help applicators when selling their product against competing types of insulation.

  • $1,500 for existing homes that upgrade with additional, efficient insulation.
View tax savings and incentives by state >

Read about consumer specific incentives >

Building Owners

Commercial building owners have a wealth of incentives and credits available to them when they choose energy efficient products like spray foam insulation.

  • $1.80 per square foot tax deductions are available to owners or tenants of new or existing commercial buildings that save at least 50% of heating, cooling, ventilation, water heating, and interior lighting costs.
View tax savings and incentives by state >

Read about commercial specific incentives >

Builders

With programs available from the federal level all the way down to local governments, builders have ample opportunity to capitalize with spray foam.

  • $2,000 credit for new energy efficient homes that achieve 50% energy savings over the 2004 IECC.
View tax savings and incentives by state >

Read about builder specific incentives >

The amount of credits and incentives being provided by the government are at all-time high levels and make the already easy choice for spray foam insulation that much simpler. By visiting www.cpifoam.com and www.ezerosolutions.com you can learn more about these programs and many others such as LEED, NAHB, and more. To discuss more about the programs available please give us a call at 330-861-5200.

1 comment:

Vipul said...

It allows various modern structures and buildings both commercial and residential to become more sustainable in terms of energy and durability as compared to traditional insulated structures.