Stimulus helps homeowners save money

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8760_B47_rgb5(ARA) – The American Recovery and Reinvestment Act of 2009, generally known as the stimulus package, offers special tax credit incentives to homeowners to encourage energy efficiency — the best part is it’s easy.

Homeowners can get up to $1,500 maximum tax credit for energy efficient home improvement product expenditures. The tax credit is 30 percent of the cost of eligible products up to $5,000 total through 2010. The tax credit applies to products that make improvements to the building envelope, like adding insulation to attics, basements, crawl spaces, exterior walls and properly insulated HVAC systems, since those changes significantly impact energy efficiency.

“Homeowners can save twice with insulation — with up to 20 percent savings on their heating and cooling energy bills and a 30 percent tax credit,” says Gale Tedhams, director of sustainability, Owens Corning. “Thanks to the stimulus bill, homeowners have never had a better opportunity to make an immediate difference in the comfort and affordability of their home and help save the planet — and it is easy!”

Homeowners can check out InsulationTaxCredit.com for more information.

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