Save 30% – up to $1,500 – on your taxes by insulating your home from now until Dec 31, 2010!
Recently, Congress updated to “The American Recovery and Reinvestment Act” (2009 IECC & Amendments) – basically, increasing the existing federal tax credit for installing insulation (e.g., insulation “placed in service” (ready and available for use) between Jan 1, 2009 and Dec 31, 2010
- For insulation to qualify, its primary purpose must be to insulate (e.g., insulated siding does not qualify)
- Must be expected to last 5 years OR have a 2 year warranty
- Check to see if you have Home Performance with ENERGY STAR in your areas (adding insulation to your home is covered)
Insulation must be for taxpayer's principal residence (existing, not new home)
$1,500 is the maximum total amount that can be claimed for all products placed in service in 2009 & 2010
Installed insulation must have a Manufacturer Certification Statement (MCS) to qualify; and for record keeping, save your receipts
- MCS defined as: signed statement from the manufacturer certifying the product qualifies for tax credit; taxpayers must keep a copy for their records, but do not have to submit a copy with their tax return
- Links to MCSs: Touch 'N Seal
Improvements made in 2009 will be claimed on your 2009 taxes (filed by Apr 15, 2010) – use IRS Tax Form 5695 (2009 version) – it will be available late 2009 or early 2010 (2008 version available as reference only)
The best part is when you insulate your home, you will continuously save cooling and heating energy – thus saving even more money – for years to come!
Want to learn more about insulating and products?
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