2015 -2016 Tax Credit Information for Residential Energy Efficiency Tax Credit
Do radiant barriers qualify for a tax credit?
Yes. As of December 2015, Congress retroactively renewed this tax credit effective January 1, 2015, expiring again on December 31, 2016. Any qualified equipment installed in 2015 or 2016 is eligible for this credit. As in previous years, the cumulative maximum amount of tax credit that can be claimed by a taxpayer in all years combined is $500. If a taxpayer has already claimed a tax credit of $500 for purchases made in any previous year, they are ineligible for additional tax credits for any new equipment purchases.
Applies To: materials purchased and placed in primary residence between January 1, 2015 through December 31, 2016.
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. Find more info at the DOE website.
Expires: December 31, 2016
*** 2016 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 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! AtticFoil® products DO 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.