Structural Insulated Panel (SIP) Manufacturer
Structural
Insulated Panel (SIP) Manufacturer
Manufacturer
of Structural Insulated Panels (SIPs)
Copyright 2008-2011 Foam Laminates of Vermont, a division of Energy Smart Building, Inc. All Rights Reserved.
Supporting the Green Building Industry.
Copyright 2008-2011 Foam Laminates of Vermont, a division of Energy Smart Building, Inc. All Rights Reserved.
Supporting the Green Building Industry.
In
2005, The United States Energy Policy Act was signed into motion by President
George W. Bush. This legislation allows for financial incentives for those
building energy efficient structures. By using SIPs from Foam Laminates of
Vermont, builders and contractors can qualify for a $2000 tax credit on a
residential home or up to $1.80 per square foot tax deduction on a commercial
building.
Residential
contractors are eligible for a $2000 tax credit provided the new energy efficient
home achieves 50% energy savings as dictated in the International Energy Conservation
Code (IECC). Accordingly, at least one fifth of the energy savings must occur
from air tightness and through R-value rating on insulation. SIPs are an ideal
candidate for these gauges because of their superior thermal performance.
Builders can qualify for a $1.80 per square tax credit if the new or existing commercial buildings demonstrate at least 50% energy efficiency in the areas of heating, cooling, water heating, and interior energy cost as mandated by ASHRAE Standard 90.1-2001. Partial tax credits are also available to builders meeting several but not all of the criteria.
Builders can qualify for a $1.80 per square tax credit if the new or existing commercial buildings demonstrate at least 50% energy efficiency in the areas of heating, cooling, water heating, and interior energy cost as mandated by ASHRAE Standard 90.1-2001. Partial tax credits are also available to builders meeting several but not all of the criteria.
In
order to qualify for the $2000 residential tax credit, builders must follow
the guidelines dictated on IRS
Notice 2006-27.
The Internal Revenue Service has created IRS Form 8908 to assist builders with the tax credit application process.
Contractors for commercial buildings must adhere to procedures listed in IRS Notice 2006-52 in order to qualify for $1.60 per square foot tax credits.
The Internal Revenue Service has created IRS Form 8908 to assist builders with the tax credit application process.
Contractors for commercial buildings must adhere to procedures listed in IRS Notice 2006-52 in order to qualify for $1.60 per square foot tax credits.
- More Comfortable
- Stronger & Safer
- Faster to Construct
- More Resource Efficient
- Healthier Living
- Save Money
- Wave of the Future
- Greater Energy Savings
- Straighter Walls
- More Design Friendly
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