2012 -2013 Tax Credit Information for Consumer Energy Efficiency

Question: Do radiant barriers qualify for a tax credit?

Yes. As of January 2, 2013, the American Taxpayer Relief Act of 2012 was signed into law. This new law includes important extensions and changes to certain energy tax credit provisions, including the use of radiant barrier foil materials in a primary residence.

Applies To: materials purchased and placed in primary residence between January 1, 2012 through December 31, 2013.

Tax Credit is 10% of cost of materials (shipping and labor costs do not go toward this amount). There is a maximum allowance of $500 credit for combined qualifying improvements.

Expires: December 31, 2013

*** 2012 Filers: Download and complete IRS Form 5695 and submit it with your taxes. No other documentation needs to be submitted at this time with your tax return.

In the event of an audit, you will need to provide a copy of your receipt and our Manufacturer's Certification Certificate (click here to download it).

Please note: just because a product has an Energy Star label, that does not mean it qualifies for a federal tax rebate. This is a huge misconception that customers ask us about all the time!

 2005-2011 Tax Credit Information

On February 17, 2009, The American Recovery and Reinvestment Act of 2009 was signed. This had some significant changes to the energy efficiency tax credits.

Did Radiant Barriers Qualify? Yes. Depending on which year you bought and placed the radiant barrier in service, your tax credit could have been as little as 10% or as much as 30%.

Key things to know if you are filing taxes this year for a tax rebate from an installation in 2011:

• the tax credit can only be used for the taxpayers primary residence.

• the improvment or product must be expected to last at least 5 years or have a 2 year warranty.

• download the 2011 IRS Tax Form 5695 to file with your tax return.

• download the Manufacturer's Certification Certificate, if you purchased your product from AtticFoil.com.  (Keep this certificate and your purchase receipt with your other supporting records for your tax return. You do NOT need to send this in at this time; the IRS requests that you only send in IRS Form 5695.)

• If you have any questions about the tax credit, we recommend you talk to a tax professional to get more information and specialized help.

For a comprehensive list of the past (and present) tax incentives along with detailed information about each credit, CLICK HERE.