Congress extended an energy tax credit for adding insulation through 2013.

dave1

Tax Credits for Insulation
Published: January 09, 2013
By: Gil Rudawsky

Whether it’s summer heat or winter cold, insulation makes your house a lot more livable. If you add insulation before the end of the year, you’ll be eligible to collect a $500 energy tax credit.

Tax credit limits and deadlines:
10% of expenditures, up to $500 for the year, for all energy improvements combined. It’s a lifetime credit.
Insulation must have been installed by Dec. 31, 2013.
Save receipts and labels for Uncle Sam.
Be sure to file IRS Form 5695 with your return.

The Energy Star site is your safest bet for information on how to get the credit. Energy Star has been pretty flexible on what it allows for this credit:
Batts
Batts
Rolls
Blow-in fibers
Rigid boards
Expanding spray
Pour-in-place

Products that reduce air leaks also qualify:
Weather stripping (such as fabric, foam, or metal to provide a seal)
Spray foam in a can, designed to air seal
Caulk designed to air seal
House wrap

Installation isn’t covered.

Don’t rely solely on contractors who may not know the details or who promise their products will get the credit in order to make a sale.

Information courtesy of
houselogic
Read more: http://www.houselogic.com/home-advice/tax-credits/tax-credits-adding-or-replacing-insulation/#ixzz2pRwNFrMo

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One response to this post.

  1. […] Tax Credits for Insulation Published: January 09, 2013 By: Gil Rudawsky Whether it’s summer heat or winter cold, insulation makes your house a lot more livable. If you add insulation before the end…  […]

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