Tax Credit Information for Residential Energy Efficiency Tax Credit
Do radiant barriers qualify for a tax credit?
In the past they did, currently no federal tax credits for any radiant barrier products.
In December 2015, Congress extended a tax that credit that was due to expire at the end of that month by one year, making all credits available through December 31, 2016. Any qualified equipment installed in 2015 or 2016 was eligible for this credit. As in previous years, the cumulative maximum amount of tax credit that could be claimed by a taxpayer in all years combined was $500. If a taxpayer had already claimed a tax credit of $500 for purchases made in any previous year, they were ineligible for additional tax credits for any new equipment purchases.
Applied To: materials purchased and placed in primary residence between January 1, 2015 through December 31, 2016.
Tax Credit was 10% of the cost of materials (shipping and labor costs do not go toward this amount). There was a maximum allowance of $500 credit for combined qualifying improvements. Find more info at the DOE website.
Expired: December 31, 2016
*** 2016 Filers: Downloaded and completed IRS Form 5695 and submitted it with their taxes. No other documentation needed to be submitted at that time pertaining to the credit with a tax return.
In the event of an audit, you need to provide a copy of your receipt and our Manufacturer’s Certification Certificate (click to download it).
Please note: just because a product has an EnergyStar™ 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! AtticFoil™ products did qualify for the rebate under the description of Building Envelope Improvements.
For a comprehensive list of the past (and present) tax incentives along with detailed information about each credit, CLICK HERE.