Earn Tax Credits With New Insulation
Residential Efficiency Tax Credit
– 10% cost of insulation material up to $500
– Credit is subject to a taxpayer lifetime limit of $500
– Credit currently expired
– 30% of insulation and air sealing materials up to $1,200
– Credit available on a yearly basis
– Home energy audits covered up to $150
Previous law’s credit restored through 2022. Enhanced credit amount applies from January 1, 2023 to December 31, 2032
-30% tax credit on all expenses related to energy efficiency improvements such as new insulation, up to $1,200 per year.
-You can apply for the tax credit every year til the tax year 2032.
Reasons to Re-insulate Your Home
- Regulate your home’s temperature control
- Save up to 30% on your energy bills
- Improve your home’s air quality
- Reduce the noise coming in and out of your home
- 90% of US homes are under-insulated!
- Tax rebates will cover a significant portion of the costs, up to $1,200 per year.
- Insulation has the highest tax credit payout of weatherproof projects.
How to claim your tax credit
For you to be eligible for Inflation Reduction Act tax credits, you must purchase qualified products.
You will need to include the product identification number for tax credits when you submit your tax return if you want to be eligible. Keep any documentation 5 years after your taxes have been filed in case of an audit.
During income taxes be sure to fill out the IRS Form 5695 with the proper required information. The form that is applicable will be for the available year from the IRS.
Want your tax credit?
Fill out this form and we’ll call you to schedule a free inspection and estimate.