Spray Foam Insulation Incentives and Rebates
Residential Energy Efficient Property Credit
Home Efficiency Rebate Program (HOMES Program)
Residential Energy Efficient Property Credit
Homeowners can take advantage of a federal tax credit that covers up to 30% of the cost of spray foam insulation materials, with a maximum annual credit of $1,200. The overall energy efficiency credit is capped at $3,200 annually, which can also include other improvements like windows, doors, and HVAC systems. This tax credit is available
Homeowners can take advantage of a federal tax credit that covers up to 30% of the cost of spray foam insulation materials, with a maximum annual credit of $1,200. The overall energy efficiency credit is capped at $3,200 annually, which can also include other improvements like windows, doors, and HVAC systems. This tax credit is available through December 31, 2032. For more information, visit the ENERGY STAR Federal Tax Credits page
Commercial Building Deduction (Section 179D)
Home Efficiency Rebate Program (HOMES Program)
Residential Energy Efficient Property Credit
Owners or designers of commercial buildings can claim deductions of up to $1.80 per square foot if they achieve a 50% reduction in energy usage through improvements like spray foam insulation. Partial deductions are also available for lesser improvements. Learn more about this on the IRS Section 179D Deduction page.
Home Efficiency Rebate Program (HOMES Program)
Home Efficiency Rebate Program (HOMES Program)
Home Efficiency Rebate Program (HOMES Program)
Coming late 2024 or early 2025. this program is designed for energy efficiency upgrades, offering rebates for projects that achieve at least 20% energy savings. You can receive up to $2,000 or 50% of the project cost, whichever is less. For those achieving higher savings or belonging to low-income households (less than 80% of the area me
Coming late 2024 or early 2025. this program is designed for energy efficiency upgrades, offering rebates for projects that achieve at least 20% energy savings. You can receive up to $2,000 or 50% of the project cost, whichever is less. For those achieving higher savings or belonging to low-income households (less than 80% of the area median income), higher rebates are available. More information at the Indiana Office of Energy Development.