Tax Credit

Gain LEED credits with BioGreen Foam Insulation!

Earn Additional LEED Credits by Using BioGreen Foam Insulation

The many superior performance characteristics and installation flexibility of BioGreen Foam Insulation can contribute to the requirements set by the LEED Green Building Rating System. Please contact us or consult with the LEED Accredited Professional on your project to determine if and how BioGreen Foam Insulation can be used to gain additional LEED credits.

BioGreen Energy Solutions uses BioBased Insulation—the only truly "green" insulation on the market because it uses soybean oil, an annually renewable resource.

Tax Credit

Homeowners’ Credit
- What: Tax credit equal to 30% of the amount paid or incurred by the taxpayer for qualified energy-efficiency improvements installed during the taxable year through 2010
- Who: Homeowners Limit: Capped at $1,500 on any property qualifying for the credit
- Claim: For tax purposes, save your receipt and the Manufacturer’s Certification Statement. Use IRS Tax Form 5695 (version 2009).
- NOTE: For insulation to qualify, its primary purpose must be to insulate. It must be expected to last five years OR have a two-year warranty, installation costs are not included. A Manufacturers’ Certification Statement is required.
Builder Tax Credit
- What: $2,000 tax credit for a new, energy-efficient home that achieves 50% energy savings for heating and cooling over the 2004 International Energy Conservation Code (IECC) and supplements. At least 1/5 of the energy savings must come from building envelope improvements
- Who: Home builders
- Limit: New U.S. homes whose construction is substantially completed after August 8, 2005
- Claim: Eligible contractors should fill out IRS Form 8908.
- NOTE: This credit also applies to contractors of manufactured homes conforming to Federal Manufactured Home Construction and Safety Standards. There also is a $1,000 tax credit to the producer of a new manufactured home achieving 30% energy savings for heating and cooling over the 2004 IECC and supplements (at least 1/3 of the savings must come from building envelope improvements), or a manufactured home meeting the requirements established by the EPA under the ENERGY STAR program.
Commercial Tax Deduction
- What: Tax deduction of up to $1.80 per square foot for new or existing commercial buildings that save at least 50% of the heating and cooling energy of a building that meets ASHRAE Standard 90.1-2001
- Who: Owners or designers of new or existing commercial buildings
- Limit: Available for systems “placed in service” from January 1, 2006 through December 31, 2013
- NOTE: Partial deductions of up to $.60 per square foot can be taken for measures affecting any one of three building systems: the building envelope, lighting, or heating and cooling systems.

NOTE: There are also a number of local credits to be realized. See the website www.dsireusa.org and then click on the state of FL.