Home Owner Savings and Tax Credits
Today both the Federal and Colorado state offer tax credits for improvements made for energy efficiency. Spray Foam offers the largest return on investment, coupled with today’s tax credits, there is no reason to consider any other types of insulation.
Federal Tax Credit (Existing Homes)
See table: (need to make this)
Insulation Meets 2009 IECC & Amendments 30% of cost, up to $1,5002
For insulation to qualify, its primary purpose must be to insulate. (example: vapor retarders are covered, insulated siding does not qualify).
Must be expected to last 5 years OR have a 2 year warranty
State Tax Credit (Existing Homes)
2009 Insulate Colorado Homeowner Rebate Program
$300 dollars for insulation and air sealing upgrades. Penguin’s Coat is certified to offer these rebates.
Colorado Springs Utilities (Existing Homes)
$200 dollars for insulation and air sealing consistent with 2009 Insulate Colorado Homeowner Rebat
Federal Tax Credit (New Homes)
Energy Star Builder Tax Credit
$2,000 per home that thermal envelope is 50% more energy efficient than current code home.
Colorado Springs Utilities (New Homes)
Energy Star Builder Tax Credit
$450 with Energy Star Certified Homes (Home Energy Rating below 75)
