Rebate
Rebates for Insulation: Save on Energy Efficiency Upgrades
Upgrading your home with better insulation not only improves comfort but also cuts down on energy costs. To make these improvements even more appealing, there are several rebate and tax credit opportunities available. Here’s how you can take advantage of these financial incentives:
Federal Tax Credits
Energy Efficient Home Improvement Credit
The Energy Efficient Home Improvement Credit allows you to receive a tax credit for qualifying insulation products installed between January 1, 2023, and December 31, 2032. This credit covers up to 30% of the product cost, with a maximum credit of $1,200 per year.
Eligible Products
- Insulation materials include batts, rolls, blow-in fibers, rigid boards, spray foam, and pour-in-place products.
- Air sealing products like weather stripping, spray foam, caulk, and house wrap.
How to Claim
- Use IRS Form 5695 to claim the credit.
- Instructions for Form 5695 are available for download to guide you through the process.
Annual Limits
Home Improvements
- $1,200 total limit for insulation, windows, and doors combined.
Heating and Cooling Equipment
- $2,000 limit for heat pumps, heat pump water heaters, and biomass stoves/boilers.
Xcel Energy Rebates
Insulation & Air Sealing
Xcel Energy offers rebates to improve your home’s insulation and air sealing. These upgrades can significantly reduce energy waste and improve comfort throughout the year.
Rebate Details
Air Sealing Rebate
- 30% of project cost, up to $200 for heating customers, and up to $15 for cooling-only customers.
Attic Insulation Rebate
- 30% of project cost, up to $400 for heating customers, and up to $60 for cooling-only customers.
Wall Insulation Rebate
- 30% of project cost, up to $350 for heating customers, and up to $25 for cooling-only customers.
Bonus Rebate
- Receive an additional $600 if you install Xcel Energy rebate-qualifying insulation and air sealing measures before installing a rebate-qualifying space-heating heat pump within two years.
Eligibility
- Available to residential Xcel Energy customers. Upgrades must be performed by a participating contractor.
Process
- Complete the upgrades with a participating contractor and submit your rebate application by July 31 of the year following your installation.
Black Hills Energy Rebates
Black Hills Energy provides rebates for improving insulation in your home, which can lead to substantial energy savings.
Rebate Areas
Attic Insulation
- Save up to 30% of your energy costs with proper attic insulation
Wall Insulation
- Proper insulation can cut heating and cooling costs by 20%.
Floor Insulation
- Insulating floors over unheated areas can save about 8% on energy costs.
Additional Measures
Duct and Pipe Insulation
Improve energy efficiency by insulating ducts and pipes.
Double Glazing
Consider installing double-pane windows to reduce heat loss.
Types of Insulation:
Black Hills Energy provides rebates for improving insulation in your home, which can lead to substantial energy savings.
Rebate Areas
Blanket and Batt Insulation
Ideal for attics, walls, and floors.
Loose-Fill and Blown-In Insulation
Perfect for filling gaps in attics and walls.
Rigid Board Insulation
Best for exterior wall insulation.
Vapor Barriers
Control moisture and improve insulation effectiveness.
How to Apply
Federal Tax Credit
- File Form 5695 with your tax return to claim your credit.
Utility Rebates
- Complete the required upgrades with a qualified contractor.
- Submit your rebate application by the specified deadline.
By leveraging these rebate and credit options, you can reduce the cost of making your home more energy-efficient. For more information on eligibility and application processes, please contact your utility provider or tax advisor.
Contact Insulation Pros Of Colorado For Your Next Insulation Job
Insulation Pros of Colorado invites you to call, text or submit an online request to start the consultation process for your free professional insulation and energy-saving estimate.
