Cool Tax Credits For Homeowners, Homebuilders, and Businesses with Commercial and Industrial ApplicationsWhat could be better than saving money and getting a tax break from the IRS at the same time? The American Recovery and Reinvestment Act of 2009 Section 25 C allows homeowners to receive tax credits on energy upgrades including insulation products when "placed in service" between January 1, 2009 and December 31, 2010. Existing HomesHomeowners who have EnergyAttic Radiant Barrier installed in the attic, walls or crawlspace of their homes can receive a tax credit on the material costs when they install radiant barrier in 2009. More... New Construction/Residential BuildersHomebuilders are eligible for a $2,000 tax credit for a new energy efficient home that achieves 50% energy savings for heating and cooling over the 2004 International Energy Conservation Code (IECC) and supplements. More... Manufactured HomesContractors of manufactured homes conforming to Federal Manufactured Home Construction and Safety Standards are eligible for a $2,000 tax credit for a new energy efficient home that achieves 50% energy savings for heating and cooling over the 2004 International Energy Conservation Code (IECC) and supplements More... HomebuildersPlease note that, with the exception of the tax credit for an Energy Star qualified manufactured home, these tax credits are not directly linked to Energy Star. Therefore, a builder of an Energy Star qualified home may be eligible for a tax credit, but it is not guaranteed. More... Commercial & Industrial BuildingsA 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. More...
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