Central Florida homeowners, now is the perfect time to upgrade your home’s energy efficiency and save up to $3,200 annually on your taxes! With the Inflation Reduction Act signed by President Biden on August 16, 2022, nearly $400 billion has been allocated to support clean energy initiatives, including $8.8 billion specifically for Home Energy Rebates. These rebates provide an incredible opportunity to make your home more energy-efficient, reduce your carbon footprint, and put money back in your pocket.
How Home Energy Rebates Benefit You
The Home Energy Rebates, including Home Efficiency Rebates and Home Electrification and Appliance Rebates, are designed to help homeowners like you save on energy-efficient upgrades. These rebates could save American households up to $1 billion annually on energy bills while supporting over 50,000 U.S. jobs. This initiative is a win-win for your wallet and the environment!
With spray foam insulation from Spray Foam Pros, you can significantly reduce your energy bills, support clean energy, and contribute to the fight against climate change. Spray foam insulation is one of the most effective ways to enhance your home’s energy efficiency by sealing air leaks and providing superior insulation, reducing the workload on your heating and cooling systems, and extending their lifespan.
Homeowners Can Save Up to $3,200 Annually on Taxes
From now through 2032, you can take advantage of federal income tax credits that allow you to save up to $3,200 annually on energy-efficient home upgrades, including spray foam insulation. These credits cover up to 30% of the cost of eligible improvements.
Additionally, the Residential Clean Energy Credit offers a 30% income tax credit for installing clean energy equipment like rooftop solar, geothermal heat pumps, and battery storage. This credit is available through 2032, with a slight reduction in value in 2033 and 2034.
Why Spray Foam Insulation is Essential for Central Florida Homes
Spray foam insulation is crucial for maintaining a comfortable and energy-efficient home in Central Florida’s hot and humid climate. It helps keep your home cool in the summer, warm in the winter, and prevents moisture buildup that can lead to mold and mildew. By upgrading your insulation, you can save up to 15% on your annual heating and cooling costs.
Power Companies Offering Rebates in Central Florida
Several power companies in Central Florida offer additional rebates and incentives for energy-efficient upgrades, including:
Duke Energy
Kissimmee Utility Authority
OUC
Florida Power & Light
SECO Energy
Be sure to check their respective websites for more details on available rebates and how to qualify.
How to Claim the Federal Tax Credits
To claim the federal tax credits for your energy-efficient upgrades, including spray foam insulation, follow these steps:
- Download IRS Form 5695
- Complete the form. Provide details of your energy-efficient upgrades.
- File with your federal income taxes. Submit the form with your tax return for the year in which the upgrades were made.
For additional guidance, refer to:
At Spray Foam Pros, we are committed to helping Central Florida homeowners improve their energy efficiency, save money, and support clean energy initiatives. Take advantage of the available rebates and tax credits to make your home more comfortable and environmentally friendly. Contact us today to learn more about our spray foam insulation services and how we can help you save on your energy bills.
Contact us today for a FREE Quote and invest in your home’s future and the planet by upgrading to energy-efficient spray foam insulation with Spray Foam Pros—your trusted partner in Central Florida for energy-saving solutions.
