The Inflation Reduction Act's Tax Credit for Home Insulation
It can be exhausting to figure out how to save money on heating and cooling bills. Not only can some projects be extensive, but they can also be expensive. Adding injection foam insulation to your walls is not only an easy, cost-effective solution, but it can now give you money back during the tax season.
RetroFoam insulation qualifies for an energy-efficient home improvement credit through the Inflation Reduction Act. Here’s how RetroFoam and the Inflation Reduction Act will save you energy and cash.
What is the Inflation Reduction Act?
According to the Senate summary bill, the Inflation Reduction Act is a budget reconciliation bill that puts $369 billion into energy-saving and climate change programs. This means that each household will have the ability to redeem tax credits that cover up to 30% of the energy efficient updates. This results in up to a possible $1,200 annual tax credit amount! This tax credit act is available until 2032.
What Home Improvements Qualify for the Tax Credit?
EnergyStar.com states that “Incentives are available for a broad range of the most energy efficient products for your home. This includes heating & cooling equipment, heat pump water heaters, insulation, windows and more.”
Why RetroFoam is Energy Efficient:
RetroFoam wall insulation is included in this exciting tax credit because of its energy-saving qualities. The unfortunate truth is, up to 35% of your home’s energy is lost through walls. That loss will make your heating and cooling systems run overtime and rack up your electric and gas bills. RetroFoam stops air infiltration by creating a natural air seal in the wall cavities. When the injection foam hardens, air, dust and moisture can’t get through. Unlike traditional insulation, RetroFoam does not settle or deteriorate in the walls and provides a continuous, strong R-Value to insulate the home. Ultimately, injection foam insulation can save a household anywhere up to 50% on energy costs.
Ready to unlock savings and a more comfortable home? Call us at 1-440-610-4792 to schedule your FREE in-home estimate.