The Energy Efficient Home Improvement Credit, part of the Inflation Reduction Act, provides various tax incentives for making energy efficiency improvements to your residence, including the following benefits to homeowners:
30% tax credit on all expenses related to energy efficiency improvements. This maxes out at $1,200 per year.
Can apply for the tax credit every year through tax year 2032.
These benefits apply to any improvements made after January 1, 2023.
Home Insulation Has the Highest Tax Credit Payout
Insulation expenses are covered under the provisions of the Energy Efficient Building Envelope Components portion of the bill. This includes qualified insulation materials produced by a qualified manufacturer. Our partner, Owens Corning is a qualified manufacturer and has a range of insulation products that meet the necessary criteria.
TOP 5 REASONS TO RE-INSULATE YOUR HOME
90% of US homes are under-insulated (1) – you need it!
Highest ROI project you can do at 117%! (2) It's the best return on your remodeling dollar.
Tax rebates will cover a significant portion of the costs, up to $1,200 per year.
Insulation has the highest tax credit payout of weatherization projects.
Why not be comfortable in your own home?
1 NAIMA estimate based on Boston University study. “Underinsulated” here means when compared to the minimum prescriptive wall and ceiling insulation R-values found in the 2006 International Energy Conservation Code (IECC). 2 Fiberglass attic insulation outperformed all other home improvement projects in Remodeling magazine’s 2016 “Cost vs. Value” Report, with homeowners recouping 116.9% of the cost in added home value.
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