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| > | Building Insulation |
Federal Tax Credits Available for Residential and Commercial Building Insulation
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In August 2005, the first national energy bill in more than a decade was signed into law. It contains tax incentives to encourage energy efficiency and conservation in America’s homes and buildings. It includes energy efficiency tax incentives for making improvements to new and existing homes, manufactured homes and commercial buildings.
With energy costs skyrocketing, these tax incentives will help homeowners and builders make improvements to new and existing homes and buildings, which account for more than 40% of all energy used in the US.
R-Values for Enhanced Home Energy Savings and Comfort - Existing Homes
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Click here for a map showing NAIMA’s recommended thermal insulation levels based on both the U.S. Department of Energy’s recommendations and the most recent minimum International Energy Conservation Code levels. |
Residential Tax Credits
For detailed information about energy efficiency tax incentives for making improvements to new and existing homes, please visit www.SimplyInsulate.com
Commercial Building Tax Deductions
A tax deduction of up to $1.80 per square foot is available to owners or tenants (or designers, in the case of government-owned buildings) of new or existing commercial buildings that are constructed or reconstructed to save at least 50% of the heating, cooling, water heating, and interior lighting energy cost of a building that meets ASHRAE Standard 90.1-2001.
Partial deductions of up to $.60 per square foot can be taken for comparable reductions from any one of three building systems—the building envelope, lighting, or heating and cooling system—that meets goals consistent with achieving the 50% savings for the entire building.
An interim system-specific goal for lighting is provided directly in the legislation and is valid until and unless the IRS issues a different final regulation. The interim lighting provision allows prorated deductions from 30 cents to 60 cents per square foot for lighting systems as described below.
These deductions are available for buildings or systems placed in service from January 1, 2006, through December 31, 2007.
For more information on the Commercial Tax Deductions for Energy efficiency visit the Tax Incentive Assistance Project or the Commercial Buildings Tax Deduction Coalition