Midland, MI - January 13, 2012
With eco ENERGY Retrofit rebate incentives from the Government of Canada, projects such as finishing basements have already become one of the top five renovation projects for 2012 in the $45 billion Canadian home renovation market*. The eco ENERGY Retrofit rebate program has been extended to March 31, 2012, allowing homeowners plenty of time to take advantage of the financial incentives to make their homes more energy efficient, particularly by insulating basements.
Homeowners can earn a rebate of up to $1,250 for the installation of basement insulation, with an average annual savings of 20 percent on energy bills**. STYROFOAM™ Brand Extruded Polystyrene Foam Insulation (XPS) qualifies as an approved product under the program. STYROFOAM™ Brand Insulation by Dow Building Solutions is a leading brand of rigid closed cell foam board insulation and is recognizable by its trademark BLUE™ color.
“This is a great opportunity for homeowners to get a rebate on money-saving home improvement solutions, and for building and construction professionals to grow their business,” says Dale Winger, residential marketing manager, Dow Building Solutions. “We are excited for this opportunity to encourage more people to upgrade to a warm, dry and comfortable basement to enjoy through our partnership with OVRX Manufacturing Inc., who use STYROFOAM™ Brand Insulation in the BARRICADE™ Basement Insulation System. This makes it easy for homeowners to install insulation and increase their home’s energy efficiency.”
OVRX Manufacturing Inc., based in New Liskeard, ON, makes the BARRICADE™ Basement Insulation System that features custom-contoured STYROFOAM™ Brand Extruded Polystyrene Foam Insulation bonded to oriented strand board (OSB) engineered wood panels. The handy panels have a ship lap edge that makes it easier for homeowners to install their own basement wall and subfloor insulation.
“We specified STYROFOAM™ Brand products into our BARRICADE Basement Insulation System because it’s the right product for the application. STYROFOAM has a closed cell structure that provides superior thermal, moisture and air barrier protection backed by decades of building science expertise,” says Clinton Johanson, President of OVRX Manufacturing Inc.
After more than 60 years of proven performance in the field, STYROFOAM™ Brand Extruded Polystyrene Foam Insulation from Dow not only provides long-term R-value, but the new foaming agents contain no volatile organic compounds (VOC), and have an ozone depletion potential (ODP) of zero (containing no HCFCs, CFCs). The new formulation has passed fire, industry-standard physical property and application testing for both above-grade and below-grade applications.
Dow recognizes that long-term sustainability can be achieved through integrated building envelope solutions, and continues to accelerate the development of energy alternatives by investing in the development of materials, technologies and strategies that enable new breakthrough solutions. Some of these breakthrough retrofit solutions from its broad product portfolio include: STYROFOAM™ Brand CLADMATE and WALLMATE™ Insulation, FROTH-PAK™ Foam Sealant Kits and GREAT STUFF™ Pro Foam Sealant.
For more information about STYROFOAM™ Brand Extruded Polystyrene (XPS) Foam Insulation products and other retrofit products and solutions, please visit: www.dowbuildingsolutions.com/na.
About Dow Building Solutions
Dow Building Solutions has a 60+ year legacy of providing energy saving solutions to the global commercial and residential construction industry, which began with the launch of its flagship STYROFOAM™ Brand Extruded Polystyrene (XPS) Foam Insulation, one of the most recognized brands of insulation in the world. A market-facing business unit of The Dow Chemical Company, Dow Building Solutions offers exceptional building science expertise to help builders, designers, architects and home/building owners reduce energy costs and protect against wind, rain and moisture, while contributing to the reduction of greenhouse gas emissions. More information about Dow Building Solutions can be found at www.dowbuildingsolutions.com.
Dow combines the power of science and technology with the “Human Element” to passionately innovate what is essential to human progress. The Company connects chemistry and innovation with the principles of sustainability to help address many of the world's most challenging problems such as the need for clean water, renewable energy generation and conservation, and increasing agricultural productivity. Dow's diversified industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 160 countries and in high growth sectors such as electronics, water, energy, coatings and agriculture. In 2010, Dow had annual sales of $53.7 billion and employed approximately 50,000 people worldwide. The Company's more than 5,000 products are manufactured at 188 sites in 35 countries across the globe. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com.
* According to BMO Economic
** According to Canada Mortgage and Housing Corp (CMHC)
For Editorial Information:
The Dow Chemical Company