Beneficial Tax Credits for New Homes and Upgrades
Proper insulation is essential in creating an efficient and comfortable home. The good news is that through the Inflation Reduction Act, there are tax credits for both new homes and upgrades to existing homes, and those tax credits can benefit everyone including contractors.
45L: HOMEBUILDER Tax Credits
The Inflation Reduction Act includes much-needed improvements and extensions to federal tax credits for home energy efficiency. There are credits for new home construction. It’s simple for a builder to take advantage of these energy tax credits, and with the help of Johns Manville insulation products, you can make the most of this opportunity.
Surprisingly, the differences in insulation material costs for the $2,500 tax credit vs. the $5,000 credit for new builds are minimal, even none in some climate zones.
Three Bedroom 2,200 SF Home, 2x6 framed
Check out the following charts for insulation material costs across climate zones and for different sections of a typical 3-bedroom home.
HIGHLIGHTED CELLS state the difference from ENERGY STAR v3.1 to Certified DOE Zero Energy Ready.
Three Bedroom 2,200 SF 2X6 Advanced Frame Home
