ICAA’s New Insulation Tax Credit Calculator Will Help Your Business
Perhaps the biggest change to the insulation industry this year has been the Inflation Reduction Act’s Section 25C tax credit, and all top insulators should know how this will affect their business. This new legislation provides a tax credit of 30 percent of the project cost (excluding the cost of on-site labor), up to $1,200, for qualifying energy-efficient home improvements, like upgrading insulation.
Any homeowner is eligible for this if they are making improvements to their primary residence. By running the numbers for your clients and revealing these big savings to them, you will be able to attract more business.