Valuable Home Insulation Tips

For those who are looking for a way to save money on heating and cooling costs, home insulation can be a great way to do it. While it will cost money upfront for materials, time, and labor, the savings on the monthly utility bills and the available tax credits will be worth it in the end. Take a look at these five home insulation tips to help you save money, sometimes as much as 30% per year.

Look to the Attic

If your home has an attic, chances are you are losing a lot of valuable heat or air through it. Adding insulation in the attic will help keep heat inside through the winter, and air inside through the summer. Insulation is eligible for a tax credit of 30% of the purchase price, up to $1,500. Only principle homes qualify. If the home is a rental, new construction or second home, the credit is not valid.

Check the Weather Strip Around Windows and Doors

Though it does not seem like much, there can be a substantial loss of heat and air through small cracks when windows and doors are closed. When you check the weather stripping around the windows and doors in your home, if you feel any drafts or air then the stripping needs to be redone. The strip will help ensure the doors and windows seal properly to help hold heat and air inside the home. If you replace your windows or doors however, you may be eligible for a tax credit of 30% of the cost, with no limit. Installation costs can not be included in this credit. This credit is valid for new, existing, and second homes. Rentals are not eligible.

Use Foam Insulation

For small spaces in the home, expansion foam is a good way to seal areas where air is coming through. This is sold in cans much like spray paint, and qualifies for energy credits. The foam works wonders around small areas where cables come through the walls, around electrical outlets and around pipes. Ignoring these tiny areas all throughout the home can add up to some substantial heating loss. Foam insulation is included in the insulation tax credit of 30% up to $1500.

Pay Attention to the Basement

Just as you should focus on the attic in your home, the basement is another important area you need to take a close look at when it comes to insulation. As basements are known for their moisture, the more insulated it is, the more moisture it will be able to keep out. In addition to keeping your heat and air in during the year, you will be doing more to keep excess water out which will help in terms of mold and mildew as well.

Use Window Coverings

Using curtains or blinds is another good way to help hold warm air in and keep the cold air from the outside away from the home. This is a cheap and effective way, but won’t do anything to help you in terms of tax credits. If you don’t want to or cannot afford full window replacements, using a thick plastic sheeting with a good quality tape over the windows and the coverings will also act as an insulating barrier. You can remove the plastic in the summer so the windows can be opened, or the plastic can stay to help keep the cool air from the air conditioner from seeping out. 

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