Saving Money

How can you tell it's a Spray Foam Insulation home? Live in it!

Boost your home’s resale value. A well-sealed home is a better performing home. And that can affect your home’s resale. Home inspections and lower energy bills will confirm Spray Foams superior thermal efficiency.

So investing in Spray foam insulation not only enhances the comfort, energy efficiency and structural integrity of your home, it also can pay back again when it comes time to sell your home.

Real Savings:
Assume a home has 2,500 square feet of finished living area and will cost an additional $5,000 for Spray Foam insulation.  Assume that 80% of that $5,000 investment will be financed, resulting in a $4,000 loan and a $1,000 down payment.  At a 7% interest rate, the monthly loan would increase by $26.60 per month, or approximately $6.65 per thousand per month.

Now consider the cost of heating and cooling the same home.  We will use an average cost of $200 a month for a standard fiber glass insulated home.  The actual cost will probably be much higher.

By insulating the home with Spray Foam in both the walls and ceiling, the heating and cooling cost will be at least 40% less than the fiberglass home with the same R-value.  This calculation shows a potential average savings per month of $80.

So Let's Review This...

• Invest $26.60 per month and get back $80.00
• Estimated Average Monthly Heating/Cooling Cost $200.00
• Average 40% Saving per Month with Spray Foam $80.00
• Yearly Savings with Spray Foam insulation $960.00

This reflects a savings of almost $1,000 per year in energy costs. If you take the $1,000 per year and divide it by the $5,000 costs, the calculation gives you a 20% return on your investment. Where else can you get that kind of return?

The savings will be even greater if natural gas, propane, heating oil and electricity costs continue to increase as predicted.  Your investment in a Go Foam Inc. Spray Foam package will save you money month after month.

Tax Credit for Consumers:

Tax credits are now available for home improvements:

• Must be "placed in service" from January 1, 2009 through December 31, 2010
• Must be for taxpayer's principal residence, EXCEPT for geothermal heat pumps, solar water heaters, solar panels, and small wind energy systems (where second homes and rentals qualify)
• $1,500 is the maximum total amount that can be claimed for all products placed in service in 2009 & 2010 for most home improvements, EXCEPT for geothermal heat pumps, solar water heaters, solar panels, fuel cells, and small wind energy systems which are not subject to this cap, and are in effect through 2016
• Must have a Manufacturer Certification Statement to qualify
• For record keeping, save your receipts and the Manufacturer Certification Statement
• Improvements made in 2009 will be claimed on your 2009 taxes (filed by April 15, 2010) — use IRS Tax Form 5695 (2009 version) — it will be available late 2009 or early 2010

If you are building a new home, you can qualify for the tax credit for geothermal heat pumps, photovoltaics, solar water heaters, small wind energy systems and fuel cells, but not the tax credits for windows, doors, insulation, roofs, HVAC, or non-solar water heaters.