At the conclusion of the 114th Congress on Dec. 17, 2015, lawmakers passed and President Obama signed into law the Protecting Americans from Tax Hikes (PATH) Act.
The bipartisan act extends several energy provisions for both individuals and businesses, including insulation installation, through 2016 by way of the Code Sec. 25C residential energy property credit. The Act allows a credit of up to 10 percent of qualifying expenses, capped at $500.
“This is a bold step for which we applaud members of Congress on both sides. Our team looks forward to delivering on the promise that this policy now offers our clients and their customers across the country,” says TAP Pest Control Insulation CEO William Turk.
Turk explains that pst management professionals (PMPs) currently offering attic capping or attic removal and restoration services with TAP Pest Control Insulation can now enhance their clients’ experience with a tax credit on qualified expenses. In addition, homeowners who add TAP Pest Control Insulation to their attic enjoy up to 30 percent savings on their annual heating and cooling costs while controlling insects who seek refuge in the attic space, he notes.