Financial Incentives for Quad-Lock products
Besides the enormous
energy-savings from Quad-Lock products, local, state, and federal
authorities and many electric utility companies provide incentives for highly
energy efficient construction and retrofits that can be achieved using Quad-Lock
products. Some of them and good resource sites are listed below for the
USA and Canada.
A great place to search most available programs is the Database of State Incentives for Renewable Energy (DSIRE)
More and more lenders provide so-called "Energy Efficient Mortgages" (EEM). These mortgages recognize the fact that highly energy efficient homes cost less to operate. This in effect increases a borrower's income - money in your pocket or to qualify for higher mortgage amounts/shorter terms.
Example: How an Energy Efficient Home Pays for Itself and then some
- Borrower finances 100%
of energy improvements
- 6.0% 30-year mortgage
Energy Improvement Costs
P & I
Monthly Energy Savings
Total Monthly Payments
This means that even after you paid for the additional cost of Quad-Lock you're still saving another $44/month, $528/year, and more with rising energy costs...
- Pre-qualify with an EEM Lender (see Dept. of Energy Listing)
Evaluation of home's energy efficiency (e.g. inspection by a
professional energy rater, see
RESnet Rating Providers)
For Home Improvements: R-ETRO System Installations qualify for a Tax Credit for Homeowners of 30% of cost up to $1,500. Download our Manufacturer's Certification Statement for your tax records. Expires: Dec. 31, 2010
For Commercial Owners / Tenants
For New Construction: The Energy Bill includes tax incentives to build more energy efficient commercial buildings. Constructing the building envelope with Quad-Lock Insulating Concrete Forms by itself can meet or come close to the requirements for those incentives (depending on climate, chosen R-value, and other factors).
A one-time tax deduction of up to $1.80 per square foot is available to eligible owners or tenants (or designers, in the case of government-owned buildings) of new or existing commercial buildings designed to reduce the total annual energy and power costs [..] by 50 percent or more in comparison to a reference building which meets the minimum requirements of ASHRAE Standard 90.1-2001.
Partial deductions of up to $0.60 per square foot can be taken for comparable reductions from any one of three building systems - the building envelope, lighting, or heating and cooling system - that meets goals consistent with achieving the 50% savings for the entire building.
A mechanical engineer will calculate the energy performance based on ASHRAE 90.1-2001.
For more information view the IRS Instructions & IRS Guidance or visit the Tax Incentive Assistance Project or Commercial Buildings Tax Deduction Coalition. The relevant sections in the "Energy Policy Act of 2005" are Title XIII, Subtitle C: Sections 1331 & 179D.
State and local energy programs provide various rebates, incentives, and credits for energy efficient construction to builders and owners. Since so many programs are available, start by contacting your State Energy Office at the DoE's State Energy Program (SEP) website. Also check the Database of State Incentives for Renewable Energy (DSIRE).
The California tax credit - 5% of the purchase price, up to a maximum of $10,000 - is intended for buyers of newly built homes. Learn More.
Eligible homeowners affected by Hurricanes Rita or Katrina may receive up to $150,000 in compensation. The Road Home program also provides assistance to homeowners with the "Build Safer, Stronger, Smarter" campaign for homes to withstand hurricanes. ICF construction is ideal for many of the program's objectives of Resistance to Winds and wind-borne debris, Energy Efficiency, and Resistance to moisture, mold and decay. Learn more.
Also contact your local electric utility company to find out about
any energy efficiency rebates, incentives and programs the company may
offer for builders or owners. The
Database of State
Incentives for Renewable Energy (DSIRE) is a good starting point.
A multitude of financial and other incentives are available in Canada for energy-efficient new construction and retrofits. A good place to start researching them is the Office of Energy Efficiency. Some of the programs are:
- Mortgage Loan Insurance Premium Refund
- Energy Efficiency in New Homes
- Energy Efficiency in New Commercial Buildings