Tax Credits have changed for 2011

Cool Tax Credits For Homeowners

What could be better than saving money and getting a tax break from the IRS at the same time?

According to the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, homeowners are allowed to receive tax credits on energy upgrades including insulation products when "placed in service" between January 1, 2011, and December 31, 2011. 

With the passing of the Act, the tax credits changed and are now 10% of materials up to $500.  Supporting documentation will be provided upon installation of these items. Please consult your tax professional for more information.

Rental homes and second homes do not qualify.

The U.S. Federal Trade Commission (FTC) defines "home insulation" as "any material mainly used to slow down heat flow" (16 CFR Part 460.2). ENERGY STAR considers insulation to be products or materials that meet the FTC's definition of "home insulation" and are used to insulate a whole wall, ceiling, or floor. These products include, but are not limited to: fiberglass, cellulose, mineral wool, whole-wall spray foam, rigid foam board, cotton fiber batts, and foil radiant barrier products.


                                     Federal Tax Credits for Energy Efficiency