Owners and designers of new and existing buildings can use Icynene spray foam insulation to receive a tax deduction of up to $1.80 per square foot of sealed space. The project must save at least 50% of the heating and cooling energy of a building that meets ASHRAE Standard 90.1-2001.
Partial deductions of up to $.60 per square foot are also available for measures affecting the building envelope, lighting, or heating and cooling systems. These deductions apply to systems “placed in service” from January 1, 2006 through December 3, 2013. To learn more about tax incentives that Icynene can help you earn, visit the Energy Star Website.
Looking for tax credit information for residential buildings? Click here.