Yes that’s right. From now until Dec 2010 you can save 30% – up to $1500 on your taxes by insulating your home. Recently, Congress updated to â€œThe American Recovery and Reinvestment Actâ€ (2009 IECC & Amendments) â€“ basically, increasing the existing federal tax credit for installing insulation (e.g., 2-part spray foam) in an existing home, from 10%, to 30% of the total cost of insulation (up to $1,500) for 2009 and 2010. This means, you can potentially save as much as $1,500, simply by following these guidelines!
To learn more details visit the Tax Credits for 2009 and 2010 page