Are high energy bills making your home less affordable, and less comfortable? Upgrading your home’s insulation and air sealing can significantly reduce energy loss, helping you lower heating and cooling costs year-round. Even better, Vermont Foam Insulation can connect you with valuable Efficiency Vermont rebates and insulation tax credits to maximize your savings. Take advantage of these rebates to make your home more energy-efficient, comfortable, and affordable.
Efficiency Vermont & Home Performance with ENERGY STAR Rebates
Efficiency Vermont is an organization that provides residents with advice and financial support to help them increase the performance of their homes with energy efficient upgrades. In partnership with Home Performance with ENERGY STAR, Efficiency Vermont offers savings for services like:
With Efficiency Vermont and Home Performance with ENERGY STAR rebates, residents are eligible to get 75% of the project cost back, up to $4,000—or up to $9,500 for income-qualified households. Learn more about additional rebates and qualifications here.
Commercial and multi-family dwellings are also eligible for getting 75% of cost back (up to $5,000!) in rebates. In order to receive the higher rebate, documentation is required to verify your household’s income. Here’s how you can get a rebate for insulation installation:
- Schedule a site visit
- Schedule an audit test-in with an independent, third-party auditor to ensure your eligibility for rebates
- Insulation and air sealing installation
- Schedule an audit test-out
- Receive your rebate!
Energy Efficiency Tax Credits
The Inflation Reduction Act (IRA) of 2022 was designed to make energy-efficient upgrades more affordable for American families and businesses. This historic bill introduces new tax credits and rebate programs to help Vermont and New Hampshire homeowners save on home performance improvements. Here’s what you need to know:
25C Tax Credit for Insulation and Efficiency Improvements
Save up to 30% of the cost of energy-efficient home improvements with the Energy Efficient Home Improvement Credit, sometimes known as the 25C tax credit. This tax credit is available annually from 2022 to 2032, with a combined annual limit of $1,200 for the category of home upgrades that includes insulation and air sealing services. To claim your tax credit, simply file IRS Form 5695 with your annual tax return. Eligible improvements include:
- Energy Audits ($150 maximum credit)
- Insulation Services (excludes on-site labor costs)
- Air Sealing (excludes on-site labor costs)
Inflation Reduction Act Rebates
The IRA also created two new rebate programs:
- Home Owner Managing Energy Savings (HOMES)
- High-Efficiency Electric Homes Rebates
These rebates can be applied to a variety of energy-efficient home improvements, including insulation and air sealing. At Vermont Foam Insulation, we’re closely monitoring updates and will provide announcements as soon as these IRA rebates become available to Vermont and New Hampshire homeowners.
Vermont Foam Insulation: The Premier Spray Foam Contractor Near You
Don’t wait to start saving with home performance upgrades! Every month you put them off, you’re losing money on your heating and cooling bills and decreasing your home’s efficiency and comfort. As a Home Performance with ENERGY STAR contractor, we can help you take advantage of the best incentives and rebates for home insulation.
The best way to determine where your home is losing efficiency and needs insulation is with an energy audit. In fact, many of these rebates and incentives require them as a first step. Schedule a site visit with Vermont Foam Insulation today to get started.
