Upgrading your home’s insulation and air sealing areas of energy loss can provide several benefits, like lower utility bills and more home comfort. Luckily, there are incentives available throughout Long Island that can help make these crucial home improvements more affordable.
Home Efficiency Experts stays up to date with tax credits and rebates available to homeowners in Nassau and Suffolk counties so we can help our clients maximize their savings on our insulation and HVAC services. Here’s what insulation and air sealing incentives are on our radar for 2024.
Energy Efficient Home Improvement Tax Credit
Homeowners can earn a federal tax credit covering 30% of the total cost for insulation and air sealing upgrades, excluding on-site labor costs, up to $1,200 in 2024. Tax credits are a dollar-for-dollar reduction of your federal tax liability, reducing the amount of taxes you owe for any given year.
To be eligible for the insulation tax credit, you must have a taxable income and the improvements must be made on your primary residence located in the United States. Then, either you or your tax professional can fill out IRS Form 5695 to claim the insulation tax credit for the year upgrades are made. The credit can be claimed year after year as upgrades are made, but if your tax liability reaches zero, any remaining balance will not roll over to the following year.
PSE&G Insulation Rebates
PSE&G regularly offers rebates and financial incentives for their Long Island customers. In 2024, income-eligible customers can qualify for their Home Weatherization Program which includes:
- A free energy efficiency assessment
- Installation of energy-saving products
- No-cost home upgrades valued up to $7,500, including programmable thermostats, attic insulation, air sealing windows & doors, HVAC tune-ups, and more!
For other PSE&G insulation rebates, we recommend reaching out to our team to get the most current information and find out exactly how much you can save.
Home Efficiency Experts: Your Go-To Long Island Insulation Contractor
We have over 18 years of experience helping homeowners in Nassau and Suffolk counties make their home more comfortable, healthier, and energy efficient. Not only do we install the highest quality insulation products on the market today, but we also use our extensive building science knowledge to ensure it’s installed properly and will last for decades. Are you ready to save on insulation costs and upgrade your home’s performance in 2024?
Save on home insulation & air sealing in 2024 with Home Efficiency Experts. Call 631-406-9805 or contact us online to get started.
