USA Insulation Customers Eligible for Federal Energy Tax Credits as of January 1st

Energy-efficient tax credits for home improvements have been extended to cover home insulation throughout 2009.

Cleveland, OH (PRWEB) January 6, 2009 -- Homeowners who choose to add insulation during 2009 will be eligible for a federal tax credit of 10 percent of the cost, up to $500. The Emergency Economic Stabilization Act of 2008 outlined a number of tax incentives for government, businesses and utilities, and extended or amended multiple consumer tax incentives that were originally introduced in EPACT; the Energy Policy Act of 2005.

The Emergency Economic Stabilization Act of 2008, Energy Improvement and Extension Act of 2008 (H.R. 1424), and Tax Extenders and Alternative Minimum Tax Relief Act of 2008 gives the Secretary of the U.S. Treasury the authority to extend expiring tax provisions and establish energy tax credits (http://www.usainsulation.net/green-insulation/energy-tax-credits.html).

In the United States tax system, a tax credit is recognition of a partial payment made toward total taxes owed to the federal government. Tax credits are considered more valuable than a tax deduction because a credit will reduce taxes, dollar-for-dollar, whereas a deduction only reduces a percentage of taxes owed.

Home improvement energy tax credits are available to consumers who purchase and install certain products that include insulation, doors, roofing, heating and cooling equipment as well as energy efficient windows. The energy tax credit is applicable to home improvements that are 'placed in service' between January 1st, 2009 and December 31st, 2009. Home improvements that were purchased and installed in 2008 do not apply.

In the typical American household, heating and cooling are responsible for 50 to 70 percent of the energy used. The number one cause of wasted energy in the home is inadequate insulation (http://www.usainsulation.net). According to the United States Department of Energy, Office of Building Technology, adding proper home insulation is the most effective method for reducing utility bills.

About USA Insulation:

USA Insulation provides energy efficient, eco-friendly foam insulation installation in Ohio and Pennsylvania. Franchise opportunities are available in 26 additional states. USA Insulation Premium Foam is an Energy Star qualified product.

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