Tax Credit Information for Residential Energy Efficiency Tax Credit

Tax Credit Information for Residential Energy Efficiency Tax Credit

Do radiant barriers qualify for a tax credit?

Yes, AtticFoil™ products do qualify!

Under the Inflation Reduction Act of 2022, federal income tax credits for energy efficiency home improvements will be available through 2032.

Any qualified insulation installed through 2032 is eligible for this credit. In addition to limits on the amount of credit you can claim for any particular equipment installation or home improvement, there are annual aggregate limits. The overall total limit for an efficiency tax credit in one year is $1,200 for any combination of home envelope improvements (windows/doors/skylights, insulation, electrical).

Applies To: Typical bulk insulation products can qualify, such as batts, rolls, blow-in fibers, rigid boards, expanding spray, and pour-in-place. Products that air seal (reduce air leaks) can also qualify, as long as they come with a Manufacturer’s Certification Statement.

Tax Credit: 30% of cost up to $1,200 maximum combined for all improvements in a single year. The cost of labor is not eligible for credit under the incentive. Find more info at the DOE website.

Expires: December 31, 2032

 

Doesn't AtticFoil™ have to be EnergyStar™ approved to get a rebate?

No, 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 are eligible for the rebate under the description of Building Envelope Improvements and Bulk Insulation (when used as a house wrap).

How to File: To file for the tax credit, you should print a copy of our Manufacturer’s Certification Certificate and keep it for your records. Then, fill out and submit IRS Form 5695 with your tax return. Instructions for filling out Form 5695 are here.

 

Where can I find more info about residential tax credits for energy improvements?

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

Back to blog