Posts Tagged ‘insulation tax credit’

Draft Residential Energy Tax Credit Form Available

July 13, 2009

The draft of IRS 2009 Form 5695 for Residential Energy Tax Credits is now availabe.  As previously discussed here, this credit provides up to $1,500 for a variety of energy-efficiency improvements including insulation, windows, doors, roofing, furnaces, boilers, and air-conditioners.  It also provides for a 30% credit for renewables including solar PV, solar water heating, wind, and geothermal.

As you’ll see in the disclaimer from the IRS, this form is subject to change.  But it should give you a decent idea anyway.

 We have a good summary of the tax credit with qualifying measures and an FAQ.


ARRA / Stimulus package $1,500 home energy improvement tax credits (redux!)

March 5, 2009

We continue to get tons of questions about the new $1,500 tax credit available for home energy improvements and included in the stimulus package. Repeating my earlier post, the ARRA includes increased tax credits for 30% of the cost of qualifying improvements up to $1,500 for improvements installed between January 1, 2009 and December 31, 2010.  We have put together an updated summary of the credits and answers to the most common questions we get in an summary page on our website. 

ENERGY STAR also has detailed information on the credits. The Alliance to Save Energy also has a similar summary with notes that complement the ENERGY STAR notes. Good stuff that applies to almost every project that GreenHomes completes!


Federal Tax Credits for Home Efficiency Renewed

November 9, 2008

In all the hubbub of the last several weeks, those of you planning on home improvements may have missed the good news.  In the “Emergency Economic Stabilization Act of 2008” (which you and I know as the bailout package) passed last month, home energy efficiency tax credits were reinstated.  Included are credits for windows, doors, roofs, insulation, heating and air-conditioning equipment, and water heaters.  The law also extended credits for solar electric and solar hot water systems.

The best summary I’ve seen is on the ENERGY STAR website. 

[Update, June 2009–check out the most common questions we get about the new tax credits in an FAQ page on our website.]


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