Get Tax Savings with New Insulation

The government's economic stimulus bill ("The American Recovery and Reinvestment Act") includes an extension and expansion of the existing federal tax credit for installed insulation.

The federal tax credit for installing insulation this year 2010, as well this past year 2009, is 30% of the purchase price up to a $1500 tax credit. In 2010, use the 2009 IRS Tax Form 5695 to claim the insulation tax credit for insulation installed in 2009. Bottom Line: a consumer can save as much as $1500 from the purchase price when adding insulation to their existing home.

The Federal Trade Commission is warning people about several types of scams related to the stimulus bill. Choose your insulation contractor carefully; contact an ICAA-Member Insulation Contractor for more information.

More details and program requirements for ICAA Members.

Financial incentives for the purchase and installation of insulation are also available, in addition to securing federal incentives, from selected state and local governments, and utilities