Sprayfoam Pro Newswire

ATTEND a live informational webinar, hosted by SPFA and Health Cooperative Strategies, to learn more about the new SPFA Health Plan. Click on the links below to join the webinar on Sept. 8 or Sept. 19, and stay tuned for an additional webinar tentatively scheduled for August 26.

VISIT the SPFA Health Plan webpage for informational documents including FAQs and case studies showing typical savings with a link to rates, plan descriptions and enrollment procedures.

 

On August 16, President Biden signed the Inflation Reduction Act of 2022 into law. Section 13301 of this bill, addressing Energy Efficient Home Improvement Credit, delivers an immediate, pleasant surprise for SPF contractors and their homeowner customers installing energy efficient home upgrades in their primary residence.  It reinstates the 25C tax credit for insulation and air sealing through the remainder of 2022, which previously expired at the end of 2021. Until December 31, 2022, homeowners may be eligible for a federal tax credit up to $500 or 10% of their purchase of insulation, whichever is lower.

Beginning January 1, 2023, the legislation substantially increases the 25C tax credit through December 31, 2032. Taxpaying homeowners can receive a federal tax credit up to 30% of their purchase, up to a maximum of $1200. This extension of 25C also replaces the $500 lifetime limit with a $1,200 annual tax credit limit for homeowners. Unlike a tax deduction, a tax credit directly reduces tax owed. 

In addition to homeowner tax credits, tax credits will be available to builders and developers of energy efficient and Zero Energy Ready Homes homes under the revised 45L tax code. SPFA and the Spray Foam Coalition will be providing more information for homeowners, builder/developers and contractors about these programs within the next few months.

Beginning in September, SPFA will showcase the great work being done by PCP Certified Individuals.  We want to show the world, via social media, the benefits of hiring PCP certified professionals!  All PCP Certified Individuals will receive an email next week with the details. 

 

A full 91% of firms are having trouble staffing jobsites, an Associated General Contractors of America survey found.

Construction firms added 16,000 jobs in August, according to an analysis of federal employment data released today by the Associated General Contractors of America. Association officials said their newly released survey, conducted with Autodesk, showed contractors are eager to hire more employees but are being stymied by a dearth of qualified workers.

 

 

 

• Construction Claims Expert, consultant, Houston, TX, www.constructionexperttx.com

• Foamtastic LLC, contractor, Chesapeake, VA, www.foamtasticllc.com
• MPC Sales Consulting, consultant, Chester Springs, PA

• Premier Home Solutions LLC, contractor, Holt, MI, www.phsmichigan.com
• Trail Sprayer & Service, Supplier, Kent, OH, www.trailsprayer.com

We are accepting proposals from those interested in speaking at SprayFoam 2023 Convention. The submission process will remain open through September 13.  Visit https://www.sprayfoam.org/sf23speakers for details! New in 2023, if a speaker would like to give a more in depth presentation, they may expand the topic into two (or possibly three) concurrent breakout sessions.

Registration is officially open for SprayFoam  2023 Convention & Expo – the largest annual event dedicated to all things sprayfoam. Register now for early bird pricing!

Reserve yours today at https://www.sprayfoam.org/sf23exhibitors.

Be sure to check out the SPFA Job Board on our homepage at www.sprayfoam.org – a new opening has just been posted!