Time to Save You Money!
That’s why we’re excited to inform you about the incentives offered through the Inflation Reduction Act, which can help make your home more energy-efficient while saving you money. Below, we’ve outlined several key programs and rebates that you can take advantage of, as well as how to qualify and some frequently asked questions.
Energy Efficient Home Improvement Credit
A tax incentive that encourages homeowners to make energy-saving upgrades to their properties. Starting in 2023, when you purchase upgrades on energy-saving installations like insulation, windows, doors, and other building changes, you can claim 30% of the cost. The previous credit system, known as the Nonbusiness Energy Property Credit, had a $500 lifetime limit; this has been replaced by a $1,200 annual limit with various annual limit changes for certain types of qualifying improvements. By installing our spray foam insulation, you may be eligible for this tax credit.
HOMES
Rebate Program
The HOMES (Home Owner Managing Energy Savings) Rebate Program provides financial incentives to low- and middle-income families for certain purchases to improve their home's energy efficiency through various upgrades, including insulation. If your total annual income is less than 150% of the median income in your area, you'll qualify for rebates on energy-efficient renovations and appliances. For insulation, air sealing, and ventilation, specifically, your household can get up to $1,600 in rebates for your purchases. There are a few limits and additional qualifications, so make sure you meet the requirements before setting out on a major home improvement project. By choosing Pro Foam Solutions for your insulation needs, you may be eligible to receive a rebate on your project costs.
High-Efficiency Electric
Home Rebate Program
The High-Efficiency Electric Home Rebate Program aims to promote the adoption of energy-efficient electric equipment and appliances in residential properties. By combining our spray foam insulation with energy-efficient electric heating and cooling systems, you can qualify for additional rebates and incentives under this program.
