Tax Credit Information

There are several programs that give tax credits for building energy-efficient structures or for adding energy-efficient features. Energy-efficiency pays, now more than ever. Here's a summary of the available programs and where to go for more information:

Commercial Tax Deduction

What:	Tax deduction of up to $1.80 per square foot for 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
Who:	Owners or designers of new or existing commercial buildings
Limit:	Available for systems "placed in service" from January 1, 2006 through December 31, 2013
Note:	Partial deductions of up to $.60 per square foot can be taken for measures affecting any one of three building systems; the building envelope, lighting, heating and cooling systems.

Commerical Tax Deduction Requirements (DOE)

Resources

Incentives and programs for energy-efficiency vary widely from state to state.
Visit the following database to get the most up-to-date information:
Database of State Incentives for Renewables & Efficiency

For an overview of Federal tax credits visit EnergyStar.gov:
EnergyStar.gov.

 

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Expired in 2011! Tax Credit for Existing Home Energy Efficiency Improvement

What:	Tax credit for homeowners that is equal to 10% of the material costs paid by the taxpayer for qualified energy-efficient improvements installed from January-December 2011.
Limits:	2011 improvements can get a maximum credit of $500. If you have claimed more than $500 in energy-efficient tax credits since January 1, 2005 - you are not eligible to make a tax credit claim in 2011.
Claim:	For Tax Purposes, save your receipt and the Manufacturer's Certification Statement. Use IRS Tax Form 5695 (version 2009).
Note:	For insulation to qualify, its primary purpose must be to insulate. It must be expected to last five years OR have a two-year warranty, installation costs are not included.

Expired in 2011! Builder Tax Credit for Energy-Efficient Homes

What:	$2,000 tax credit to home builders for new, energy-efficient homes that achieve 50% energy savings over the 2004 International Energy Conservation Code (IECC) and supplements. At least 1/5 of the savings must come from building envelope improvements.
Limit:	This credit is retroactive to January 1, 2010 and covers homes built through December 31, 2011.
Claim:	Eligible contractors should fill out IRS Form 8908.

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BioBased Insulation® is a spray polyurethane foam insulation. During application, precautions should be taken by applicators, helpers and building occupants to protect them from fumes, mists and spills. For more information view our product MSDS.