Perhaps the biggest change to the insulation industry this year has been the Inflation Reduction Act’s Section 25C tax credit, and all top insulators should know how this will affect their business.
The Insulation Contractors Association of America has released a 25C Insulation Tax Credit Online Calculator, promotional materials and educational resources.
A coalition of trade associations, including the North American Insulation Manufacturers Association, the Insulation Contractors Association of America, the National Insulation Association, the American Chemistry Council (Plastics Division) and the Polyisocyanurate Insulation Manufacturers Association, commission study that quantifies the benefits of completing insulation retrofit projects across residential, commercial and industrial buildings and underlines the potential impact forward-thinking policies can have on decarbonizing the built environment
A newly released study by ICF, an international consulting firm with expertise in the energy and energy efficiency sectors (and not to be confused with insulated concrete forms), shows that upgrading building envelope insulation leads to substantial energy savings and carbon emission reductions.
The Inflation Reduction Act of 2022 reinstated the 25C tax credit for insulation and air sealing through 2022. Until Dec. 31, homeowners may be eligible for a federal tax credit up to $500 or 10% of their purchase of insulation to their main home, whichever is lower.
As the Insulation Contractors of America Association (ICAA) continues to adapt schedules to account for pandemic safety protocols, they are planning to host the first of their 2021 Committee Meetings virtually using GoToMeetings.
When ICAA decided on the theme of "Vision for the Future" for their 2020 Convention & Trade Show, they didn't imagine they'd have to extend that vision to 2021 instead!
Given the current unemployment numbers, there is an increasing possibility that Congress will enact another economic stimulus bill. The residential energy efficiency industry has been particularly hard hit, with job losses reported in excess of 400,000. I believe the federal policy best suited to reboot our industry is a dramatically scaled up Section 25C tax credit for homeowner energy efficiency improvements.
ICAA Webinar: The CARES Act – Financial Assistance Programs for Contractors Find out how to navigate the new CARES Act (Coronavirus Aid, Relief and Economic Security Act), which establishes several federal government programs to provide financial assistance to businesses with less than 500 employees affected by the Covid-19 pandemic.
Join ICAA for a 75-minute webinar about the new law (effective 4/1/20), new sick and medical leave provisions for employees, and your rights and obligations as an employer.
Contractors with the Insulation Contractors Association of America looking for training opportunities will gain access to a set of new online programs starting in February.