Hopeful Government Policy Changes Benefiting ICFs
Our Country is about as inept as passing legislation through, whether you agree with it or not, as we have ever been in our history. So am I wrong to read these positive bipartisan (whoa, whats that?) legislative bills that have recently been introduced and have a feeling they will just wither away as a good idea that doesn’t have enough money backing it to make i a real bill?These two bills while one is state specific, could definitely lead to actionable increases in the use and awareness of insulating concrete forms.
I am by no means up to speed on lingo of politics and the processes in order to take a proposed sponsored bill and turn it into a law(or Act, or Measure), so forgive me if i use the wrong words. The goal of this post is to share these news stories to you,so you can do you own research and maybe contact your local government official to make these initiatives pass.
Tax Credits for Insulated Concrete Forms
There are some generally basic tax credits for builders when using ICFs. You can read more about that per sq. ft. tax credit on our website, but those tax credits do nothing for the homeowner. While you get a tax credit for an Energy Star refrigerator or putting in low-e windows, there is nothing to give the homeowner a credit for building their home incredibly tight, energy efficient, and indestructible to forces of nature like ICF construction does.
Wisconsin Insulating Concrete Forms
Wisconsin is leading the way with a proposed bill that will give tax incentives for using insulated concrete forms in construction- home or commercial. My hope is this passes soon so other states, most notably Minnesota, would follow suit and give and extra incentive for folks to build. The link below links you to the .pdf of the official bill that was introduced. It has since been amended to only building with ICF, not manufacturing ( After all the amendments pass let’s see if this bill gets watered down anymore)
Energy Costs Affecting Appraisals
This article was recently reported by the Washington Post. In summary, there is a bipartisan bill, called SAVE Act (Sensible Accounting to Value Energy) on the table that would put energy costs and savings into underwriting equations. This bill would force lenders to take those factors into consideration for insurance and guarantees and would require appraisers to adjust property valuations accordingly.
While this is an indirect effect on the insulating concrete form industry, it is good for us as our product directly effect the energy consumption of a home. We see apprasiers across the country failing to give any credit to the homes value even if energy saving are topping over 60%!
Wouldn’t it be nice to say with certainty because its a law, your home is worth more because it saves energy. Makes sense to me…isn’t a Prius “worth” more because you save gas? I guarantee you couldn’t sell one of those cars if they had 20 mpg. So why wouldn’t that logic pertain to homes and buildings? Link below is to the Washington Post article
Big things happening
These are two of the many things out there that are really pushing the envelope on getting true incentives for homeowners and building owners to use ICF as part of their next project. If you know of more things like this on a statewide basis or locally for your town, let us know in the comments below and we will add to this list. The more people that are aware of whats going on can motivate and inspire your local government…or heaven forbid the federal government to copy these types of incentives.