All of the insulation options offered by Wilserv are considered eligible building components under section 25C of the Energy Policy Act of 2005.
• Adding or increasing insulation in your home qualifies you for a
Federal Tax Credit equal to 30% of the cost of insulation (up to $500).
• The IRS has provided detailed guidance (IRS Notice 2006-26)
about how homeowners can obtain this credit.
Cleco Power - Power Miser Home Program
Incentive Type: Utility Rate Discount
Eligible Efficiency Technologies: Water Heaters, Furnaces, Air conditioners, Duct/Air sealing, Building Insulation, Windows, Doors, Comprehensive Measures/Whole Building
Applicable Sectors: Residential
Amount: 10% discount on energy from November through April for the first five years that the customer lives in their house.
Requirement: Home must be built to Power Miser Standards.
Web Site: http://www.cleco.com/site461.php
Summary:
Power Miser Standards include:
-Air Conditioner/Furnace has minimum SEER rating of 14
- Metal ductwork has 2 inches foil-backed insulation
- Non-metal ductwork made out of insulating material
- Electric water heater is well-insulated
-Floor and wall insulation has minimum rating of R-13
-Attic insulation has minimum rating of R-30
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Residential Energy Efficiency Tax Credit
Incentive Type: Personal Tax Credit
State: Federal
Eligible Efficiency Technologies: Water Heaters, Furnaces, Boilers, Heat pumps, Air conditioners, Building Insulation, Windows, Doors, Roofs, Circulating fans used in a qualifying furnace
Applicable Sectors: Residential
Amount: 30%
Maximum Incentive: Aggregate amount of credit for all technologies placed in service in 2009 and 2010 combined is limited to $500
Equipment/Installation Requirements: Equipment must be new and in compliance with all applicable performance and safety standards as described in tax code
Date Effective: 1/1/2006
Expiration Date: 12/31/2010
Website: www.irs.gov
Summary:
The federal tax credit for energy-efficient home improvements was established by the Energy Policy Act of 2005. After expiring December 31, 2007, the credit was extended and expanded by The Energy Improvement and Extension Act of 2008 (H.R. 1424: Div. B, Sec. 302) and The American Recovery and Reinvestment Act of 2009 (H.R. 1: Div. B, Sec. 1121). The credit now applies to eligible equipment purchased between January 1, 2009, and December 31, 2010. In addition to extending the credit, H.R. 1424 and H.R. 1 strengthened the efficiency requirements for most equipment, extended the credit to stoves that use biomass fuel and asphalt roofs with appropriate cooling granules; raised the cap for the credit; and redesigned the way the credit is calculated.
The credit applies to energy efficiency improvements in the building envelope of existing homes and for the purchase of high-efficiency heating, cooling and water-heating equipment. Efficiency improvements or equipment must serve a dwelling in the
Building Envelope Improvements
Owners of existing homes receive a tax credit worth 30% of the cost of upgrading the efficiency of the building's envelope. Installation (labor) costs are not included. The following improvements are eligible for the tax credit:
- Insulation materials and systems designed to reduce a home's heat loss or gain
- Exterior doors and windows (including skylights) and
- Pigmented metal roofs designed to reduce heat gain, and asphalt roofs with appropriate cooling granules.
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Energy-Efficient New Homes Tax Credit for Home Builders
Incentive Type: Corporate Tax Credit Eligible Efficiency Technologies: Comprehensive Measures/Whole Building
Applicable Sectors: Construction
Amount: $1,000-$2,000, depending on energy savings and home type
Maximum Incentive: $2,000
Web Site: http://www.irs.gov/businesses/small/industries/article/0,,id=155445,00.html
Expiration Date: 12/31/2009
Summary:
The federal Energy Policy Act of 2005 established tax credits of up to $2,000 for builders of all new energy-efficient homes, including manufactured homes constructed in accordance with the Federal Manufactured Homes Construction and Safety Standards. Initially scheduled to expire at the end of 2007, the tax credit was extended through 2008 by Section 205 of the Tax Relief and Health Care Act of 2006 (H.R. 6111), and then extended again through December 31, 2009 by Section 304 of The Energy Improvement and Extension Act of 2008 (H.R. 1424).
The home qualifies for the credit if:
- It is located in the
- Its construction is substantially completed after August 8, 2005;
- It meets the energy saving requirements outlined in the statute; and
- It is acquired from the eligible contractor after December 31, 2005, and before January 1, 2010, for use as a residence.
Energy Saving Requirements:
Site-built homes qualify for a $2,000 credit if they are certified to reduce heating and cooling energy consumption by 50% relative to the International Energy Conservation Code standard and meet minimum efficiency standards established by the Department of Energy. Building envelope component improvements must account for at least one-fifth of the reduction in energy consumption.
Manufactured homes qualify for a $2,000 credit if they conform to Federal Manufactured Home Construction and Safety Standards and meet the energy savings requirements of site-built homes described above.
Manufactured homes qualify for a $1,000 credit if they conform to Federal Manufactured Home Construction and Safety Standards and reduce energy consumption by 30% relative to the International Energy Conservation Code standard. In this case, building envelope component improvements must account for at least one-third of the reduction in energy consumption. Alternatively, manufactured homes qualify if they meet Energy Star Labeled Homes requirements.
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