Energy Savings

The United States Government energy labs estimate that air infiltration wastes up to 40% of every home heating and cooling dollar. It is one of the country's most critical home energy problems. Today, new homes are being built utilizing the Spray Polyurethane Foam system and enjoying the latest money-saving technology for new home construction. The closed-cell nature of the Polyurethane Foam stops air leakage problems at the source. Air leakage or infiltration, occurs when outside air enters a house uncontrollably through cracks and openings. Properly sealing such cracks and openings in your home can significantly reduce heating and cooling costs, improve building durability and creat a healthier indoor environment.

IRS Tax Credits for Handi-Foam and Handi-Seal Polyurethane Sealants
The Energy Policy Act of 2005 provides for specific tax credits tied to the use of certain energy efficient home improvements. These tax credits are in effect from January 1, 2006 through December 31, 2007:

Homeowner Tax Credit for Insulation Home Improvements.
Tax credits are available to existing homeowners for many types of home improvements including adding insulation, replacement windows, and certain high efficiency heating and cooling equipment. The final rules and forms to clarify which products and services qualify for the tax credits will be developed by The Internal Revenue Service (IRS), and, in the meantime, the IRS has provided guidance for consumers, which can be found in the following notice:

IRS Notice for Home Improvement Tax Credits 2006-26
The purpose of this Technical Bulletin is to certify that Handi-Foam and Handi-Seal Polyurethane Foam products used as an insulation material qualify for the tax credit as an "Eligible Building Envelope Component" under section §25C of the Internal Revenue Code.

Business Tax Credit for New Homes.
The tax credit for the construction of new energy efficient homes is $2,000 per home, if the builder achieves a 50% reduction in projected energy use as compared to the 2004 International Energy Conservation Code with supplements. These tax credits apply to new homes located in the United States whose construction is substantially completed after August 8, 2005 and that are acquired from the eligible contractor after December 31, 2005 and before January 1, 2008, for use as a residence.

Business Tax Credit for Commercial Improvements.
The law permits an immediate tax deduction (versus Depreciation) for energy efficient commercial buildings meeting a 50% energy reduction. The deduction, generally $1.80 per square foot, but $0.60 per square foot in some cases, is effective for property placed in service between 2006-2007.

Additional information about this program can be found on the EPA's Energy Star® web site;
http://www.energystar.gov/index.cfm?c=products.pr_tax_credits#1