Federal Tax Credit Can Boost Saving On Insulation

Installing Insulation to Improve Your Home’s Energy Efficiency Can Earn You Big Bucks

Alexandria, VA (March 12, 2007) — With the April 15th tax deadline fast approaching, don’t forget to deduct the federal tax credits you may have earned in 2006 by improving the energy efficiency of your home. Under the Federal Energy Policy Act of 2005, homeowners can earn up to $500 in tax credits for improvements made during 2006 and 2007.  Even if you can’t take advantage of the tax credit for 2006, it’s not too late to experience the comfort and savings of a more energy efficient home — and get a tax break next year.

With energy costs at an all time high plus the incentive of a tax credit, there couldn’t be a better time to improve the energy efficiency of your home.  One of the most beneficial ways to earn the tax credit is to increase the amount of thermal insulation in your attic and basement.  Adding fiber glass or mineral wool insulation is one of the easiest and most effective ways to save energy and lower your utility bills.  Savings vary, find out why in the seller’s fact sheet on R-values.  Higher R-values mean greater insulating power.

The North American Insulation Manufacturers Association (NAIMA) advises that many homeowners may need to add between an R-19 and R-30 insulation to their attics in order to qualify for the tax credit.  Consumers should also consider adding insulation to their unfinished basements and crawlspaces as well since these areas are easy to access and are often under-insulated or not insulated at all.

NAIMA’s website, www.SimplyInsulate.com provides homeowners with free resources to help them take action to increase the energy efficiency of their homes and take advantage of the tax credit.