Building with Extreme SIPs enables you to effortlessly attain a high-performance building envelope, making you eligible for new tax credits and incentives. Extreme SIPs offer a continuous insulation envelope that minimizes thermal bridging and diminishes air infiltration, leading to substantially reduced heating and cooling expenses.

Section 45L incentivizes homebuilders and multifamily developers to reduce energy consumption with a per dwelling unit tax credit.  Key credit details include:

• New homes certified under the ENERGY STAR programs will be eligible for a $2,500 credit
• The credit is increased to $5,000 for dwelling units certified under the Zero Energy Ready Homes Program (ZER).
• For Multifamily units, the base qualification decreased to $500, while ZER multifamily units are $1,000 each.
• Multifamily units meeting prevailing wage requirements will receive an increased $2,500 credit for base qualification and $5,000 for ZER.
• Initially, low-rise residential developments were the only ones eligible for this credit, but it is now extended to homebuilders and single-family or multifamily developers.  The base qualification requirements for these developers are that they must meet both national and local energy-saving requirements

Visit the IRS updated Form 8908 for new requirements and qualifications.

Formerly known as the Nonbusiness Energy Property Credit, the IRA extended and revitalized this tax credit by substantially increasing the amount homeowners can claim on their taxes for energy-efficient home improvements such as insulation, exterior doors, and similar energy-saving improvements.

• The expanded 25C will provide a 30% tax credit (up to $1200 annually) to homeowners who take certain steps to make their homes more energy efficient. 
• 25C tax credits can also be combined with rebates offered through DOE’s forthcoming $8.8 billion Home Energy Rebates Program.  However, these funds will not be available to homeowners until at least early 2024.  

With retrofit insulated panels you can get a higher R-value and a quicker application than the alternatives, helping you to qualify for insulation credits under 25C. 

Learn more about how going green could help taxpayers qualify for expanded home energy tax credits.