Tax Credits for SIPs Structural Insulated Panels.

Structural Insulated Panel (SIP) Manufacturer

Manufacturer of Structural Insulated Panels (SIPs)
Copyright 2008 Foam Laminates of Vermont. 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.

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.

About Foam Laminates
   Contact
   Request Information
   Printable Brochure
   Vermont Frames

Building Green
   Energy Star
   Energy Efficient Loans
   Green Tax Credits

Why Build with SIPs?
   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

Installation Manual
   Pre-Delivery Preparation
   Delivery & Getting Started
   Wall Panel Installation
   Roof Panel Installation

Products
   Structural Panels
   Hybrid SIPs
   Timber Frames

Anatomy of a SIP
   Components
         Facings
         Core Materials
         Adhesives
   How are they made?
   History
         Introduction
         Forest Lab & Frank L. Wright
         Alden B. Dow
         Koopers Co. & Alside
         The Resurgence

Trade Shows

FAQ
   Why Choose Us?
   Where Do I Start?
   Why not Stick Frames?
   Do You Build in Canada?

Architects & Builders

External Links