Home heating 101: six cold facts on staying warm this winter

Oil prices are high, while natural gas and electric costs have either stayed the same or gone lower. Here is the outlook for the winter home heating season.

4. Isn't there a tax credit for insulating your home?

The federal tax credit for installed insulation in 2010 is 30 percent of the purchase price of the material (but not the labor), up to $1,500. With an average cost of insulating a home, including labor and materials, close to $1,500, an average insulation job would qualify for a $262.26 federal tax credit, Laseter says.

Adding insulation usually results in an annual savings of up to 30 percent of a household's heating and cooling bill, according to Laseter.


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