Are your energy bills out of control? Upgrading your home’s insulation and air sealing will help you reduce energy loss so you can save money on your heating and cooling bills. In addition to the energy savings, Vermont Foam Insulation can help you save even more with several rebates and incentives available to Vermont and New Hampshire residents.
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 the Efficiency Vermont and Home Performance with ENERGY STAR rebates, residents are eligible for getting 75% of the project cost back, up to $4,000—or up to $9,500 for low-income households. Commercial and multi-family dwellings are also elgible for getting 75% of cost back (up to $5000!) in rebates. In order to receive the higher rebate, documentation is required to verify your household’s income. You can qualify for these Vermont energy rebates in just a few easy steps:
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!
Inflation Reduction Act Incentives
The Inflation Reduction Act (IRA) 2022 bill was created to lower the cost of energy efficient upgrades to make them more accessible for American families and businesses. Within the IRA are several new tax credits and rebates on home performance services that are available to Vermont and New Hampshire homeowners. Here are the details:
Energy Efficiency Tax Credits
Save up to 30% of the total cost of energy efficient home improvements with the Energy Efficient Home Improvement Tax Credit. This IRA tax credit can be claimed multiple years in a row, from 2022-2032, and has a $1,200 combined annual limit. To claim the Energy Efficient Home Improvement tax credit, homeowners can file IRS Form 5695 with their annual tax returns. The list of eligible services includes:
Energy Audits ($150 maximum credit)
Insulation Services (materials only)
Air Sealing (materials only)
Inflation Reduction Act Rebates
The Inflation Reduction Act also created two new rebate programs for a variety of energy efficiency home improvements, like insulation and air sealing. The Home Owner Managing Energy Savings (HOMES) and High-Efficiency Electric Homes rebates are not expected to be redeemable until late 2023 or early 2024. Vermont Foam Insulation is keeping a close watch on updates, and we will make an announcement as soon as we know when IRA rebates will be available in Vermont and New Hampshire.
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. Schedules a site visit with Vermont Foam Insulation today to get started.