Utilizing the Home Improvement Tax Credit
We all want to save more of our hard earned money! While it can be easier to do so in certain areas by buying cheaper items or off-brand materials, you don’t really want to be cutting corners when it comes to your home improvement projects.
Cheap parts or upgrades can eventually cost you more money down the road when they break or malfunction. So, what do you do? You take advantage of the Energy Efficient Home Improvement Tax Credit, of course!
What Is the Energy Efficient Home Improvement Tax Credit?
The Energy Efficient Home Improvement Tax Credit is the tax benefit from the Inflation Reduction Act that was passed in 2022. In order to encourage homeowners to make energy-efficient upgrades around their homes, this legislation is providing an easy way to lower your tax bill in 2023.
Many different projects are covered under this credit, but here are some of the highlights:
- Solar panels
- Solar attic fans
- New insulation
- Upgraded heating and cooling equipment
- Air sealing services
The credit allows you to claim up to 30% of your project’s cost, up to $1,200, per year. This means you can choose projects annually to eventually make your entire home more eco-friendly and efficient at a significantly reduced cost!
While you can’t claim this money until tax season next year, you will start to experience energy savings right away that will eventually pay for itself over the life of your upgrade. It’s a win-win for everyone!
How Do I Know What Project to Choose?
Now that you have decided to take advantage of this great opportunity, getting a professional opinion before you start any project is always recommended. You can get an energy audit done of your home to see what areas of your house are using too much energy, or you can call us!
Our free insulation evaluation includes a thermal imaging reading of your home, which can help pinpoint the spots behind your walls that are vulnerable to air leaks and energy loss. From there, we can upgrade your insulation, seal off your air leaks and help you understand how to claim it all with the tax credit in 2023!
We can help you make the most of the Energy Efficient Home Improvement Tax Credit. Call us today.
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We Provide Insulation Services to the Following Chattanooga Areas
APISON, CLEVELAND, HARRISON, HIXSON, MC DONALD, OOLTEWAH, SODDY DAISY, CHATTANOOGA, GUILD, LOOKOUT MOUNTAIN, LUPTON CITY, SIGNAL MOUNTAIN, WHITESIDE, WHITWELL
Counties Served
HAMILTON, BRADLEY, MARION, SEQUATCHIE
Zip Code
37302, 37311, 37341, 37343, 37353, 37363, 37379, 37415, 37416, 37340, 37350, 37351, 37377, 37396, 37397, 37402, 37403, 37404, 37405, 37406, 37407, 37408, 37409, 37410, 37411, 37412, 37419, 37421
