Insulation Manufacturer’s Tip: Insulate Now to Enjoy 2013 Tax Credits

Have you been kicking around the idea of insulating your home or business before the first cold snap? If so, now is the perfect time to stop mulling it over and act. “Why?”, you might ask. Well, as your insulation manufacturer, we can answer that question for you promptly. Simply stated, doing so can save you more money than you may realize. Here are the cash saving details:

Tax Credits for Completed Insulation Work

Presently, the U.S. government is offering tax credits to homeowners that insulate their primary dwelling with rock wool or glass wool insulation. However, those cash saving incentives are expected to expire at the end of 2013. Therefore, the time to get insulating is now. As it is currently written, the tax credit will allow you to deduct up to 10% of a $500 rock wool or glass wool insulation project. During the project, you may use rock or glass wool mattresses, boards and pipe sections. Once the project is complete, simply include the information on Form 5695 and give it to your local tax preparer.

Rebates for Completed Insulation Work

Still need an additional incentive to get insulating? Consider this. There are utility companies located all across America that are also offering rebates to home and business owners that opt to insulate their buildings before the end of the year. Obviously, the availability, regulations and rules associated with the rebates will vary based on where your building is located. In addition, some of the rebates are specific to what area(s) you plan on insulating. An example is the attic insulation rebate currently being offered by CPS Energy. They are based in Texas. To determine which insulation rebates are available in your area, contact your local utility company straightaway.

For more energy saving tips from your friendly insulation manufacturer, contact us. We here at Tenou Firesafe Insulation Company would love to discuss how our products can help make your utility bills more manageable.

Tags: , , ,

Comments are closed.