Maximize Savings For Home Comfort Improvements: Tax Credits for Insulation Upgrades

As homeowners, we are all looking for ways to save money, and we know that home repairs or upgrades are not cheap. But what if there was a way for you to get some of your hard-earned money back when you do take care of your home? Well, good news, there is! If you’re considering upgrading or repairing your attic or crawlspace insulation, you may qualify for tax credits. When you combine that with the average energy savings you’ll experience, the upgrade nearly pays for itself over time!

In the US, the federal government encourages energy-efficient home improvements and provides homeowners with the opportunity to gain back some of that cost with tax incentives. Insulation of your home not only enhances your home comfort, but it also helps you save money on items like your energy or gas bill – bills which many of us saw drastically increase from the cold January and winter weather Atlanta saw. 

Before we dive into the tax credits and savings, let’s talk about the why behind repairing or upgrading your homes insulation.

Why does having proper insulation really matter in my home? 
 

• Energy Efficiency: Insulation helps to keep the air regulated in your home no matter the season. You’ll stay warmer in the winter and cooler in the summer! 
• Increased Lifespan of Your HVAC System: Having proper insulation means your HVAC system doesn’t have to work as hard to keep your home warm or cool. This means your system could last longer with proper maintenance and care. 
• Lower Utility Bills: Since that HVAC system doesn’t have to work as hard, many homeowners see a big difference in their energy bills!
• Increased Home Comfort: A well-insulated attic or crawlspace can prevent drafts which means no hot or cold spots in your home. 
• Environmental Benefits: Reducing energy consumption lowers your carbon footprint, which is always a win! 

Now that you understand the benefits, let’s jump into savings!
 

Tax season can be draining for many of us both mentally and financially. Here at Coolray, we want to help take some of that stress off you. When you upgrade or repair your homes’ insulation, here are the potential rebates and tax credits you could see for the Atlanta local area. 

• Georgia Power – Up to $250
• Cobb EMC – Up to $500
• Snapping Shoals EMC – Up to $400
• Sawnee EMC – Up to $200
• Federal tax credits- 30% - up to $1,200

To make the most of these benefits, you can reach out to your power company and inquire about their rebate programs. Many utility providers require homeowners to submit receipts within 60 days of project completion, so it’s crucial to understand these deadlines. Staying on top of this ensures you don’t miss out on any savings! 

One added benefit is that when choosing Coolray for your home insulation needs, our consultants will help walk you through the process and answer any questions you may have regarding your potential savings – including what rebates, credits, and offers may be available to you. We are here to guide and help you every step of the way.

To find out more on Coolray’s Insulation services, or how you can save money while experiencing the best home comfort, give us a call or go online to schedule your free consultation today.