FOAMETIX® for Builders
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Spray foam insulation can help builders attract buyers, reduce construction costs, and reap the rewards. Building more energy-efficient homes that today’s buyers want; will sell faster due to the lower energy bills that the consumer will incur. You will also be saving constructions cost by downsizing the HVAC unit because of the insulating properties of spray foam insulation Closed cell foam will allow the builder to use less framing materials due to the rigidity of the closed cell foam that is being applied to the structure. Compared to other insulation, it can reduce your overall construction time – making closed-cell spray foam a differentiator that can add more to your business.
Federal Tax Deductions
A 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. Partial deductions of up to $.60 per square foot can be taken for measures affecting any one of three building systems: the building envelope, lighting, or heating and cooling systems. These tax deductions are available for systems “placed in service” from January 1, 2006 through December 31, 2013.
IRS Notice 2006-52 (6/2/2006) provides guidance on deduction for energy efficient commercial buildings.
Visit the Energy Start website for more information regarding available tax credits.
This information is presented to provide general information on the new federal tax deductions and is not intended to be an interpretation of eligibility for the tax credit. Please consult with a qualified tax advisor to discuss eligibility.
