Attic Insulation Companies Earn You Savings Beyond Your Energy Bill
August 16, 2023
Did you know that attic insulation companies can earn you a tax credit? The Inflation Reduction Act of 2022 provides federal tax credits and deductions that help Americans to make homes and buildings more energy-efficient. This helps to reduce energy costs while reducing demand. Star Companies in Raytown, MO can help you upgrade your home’s insulation to save you money on your energy bill and on your taxes.
The federal income tax credits that attic insulation companies can net you are available through the year 2032 and can provide up to $3,200 annually to lower the cost of energy efficient upgrades by up to 30 percent. Many improvements can help earn this credit, including insulation. The Certified Energy Experts® at Star Companies can help advise you on improvements you can make to your home that will ensure you get the most out of this tax credit.
For Home Builders
For attic insulation companies working on the construction of new homes, the Inflation Reduction Act of 2022 extends the existing tax credits to energy efficient new homes. For a house bought after January 1, 2023, the lowest level of the tax credit for home builders is tied to meeting Energy Star program requirements for single family, manufactured, and multi-family homes.
For Commercial Building Owners
These tax credits are extended to energy efficient commercial buildings. The energy efficient commercial buildings deduction was made permanent in 2021. Buildings increasing their energy efficiency by at least 25 percent can claim this deduction, with bonuses at higher levels of energy efficiency. Attic insulation companies focused on maximizing energy efficiency can help you make the most out of these tax credits.
These federal tax credits can be earned by claiming any qualifying home improvements made to your primary residence after December 31, 2021. Attic insulation companies like Star Companies are already saving you money on your electric bills, now they can also save you money on your taxes. To start making improvements that you can claim for deductions, contact Star Companies by calling (816) 353-2160 or you can click here to contact us online.