Congress extended an energy tax credit for adding insulation through 2013.
Individuals who purchase and install products including home insulation, heating and cooling equipment, roofing, doors and energy efficient windows will be eligible for a tax credit of 10% of the cost, up to $500. For more information visit the Energy Star website or Contact us to learn more about how to save with insulation.
Tax Deductions for Commercial Buildings
A tax deduction of up to $1.80 per square foot is available to owners or designers of 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. 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, or heating and cooling systems. These tax deductions are available for systems “placed in service” from January 1, 2006 through December 31, 2013.