The American Recovery and Reinvestment Act (ARRA) of 2009 permits homeowners a 30% federal tax credit of up to $1500 for the addition of GreenFiber Insulation to their home. GreenFiber Insulation is an approved product for energy efficient upgrades. This tax credit applies to qualified energy efficient products purchased and installed between February 17, 2009 and December 31, 2010. This credit is applicable for the 2009-2010 taxable years.
The ARRA states that insulation products must meet the R-value criteria established by the 2009 International Energy Conservation Code (IECC). The IECC does not qualify products; rather it sets standards for insulation performance in relation to climate zones. Climate zones are geographical areas of the country based on historic climate conditions; colder zones generally require more insulation. These climate zones and respective insulation levels can be found within the Department of Energy’s website.
For complete information on other qualified home improvements and how to save on heating and cooling costs, visit www.energystar.gov. ENERGY STAR® is a government-backed program helping businesses and individuals protect the environment through superior energy efficiency.
