Energy Tax Credit

Energy Tax Credit: Receive up to $1500 in tax credit

Federal Energy Tax Credit

Now is the time to increase your home’s energy efficiency, lower your taxes and utility bills and reduce your impact on the environment. The American Recovery and Reinvestment Act entitles you to an energy tax credit of up to $1,500 on energy-efficient building materials like insulation and roofing.

You can take the energy tax credit in 2009 and/or 2010 and you’ll save money for years to come! According to the ENERGY STAR® program, installing adequate insulation or adding a solar reflective roof can save you money on utility bills. And you’ll be reducing your carbon footprint by using less oil, gas and electricity.

Additional Details:

  • Tax credit for 30% of the cost of energy-efficient products up to a lifetime cap of $1,500.
  • The tax credit applies to the cost of materials only (not installation costs).
  • At the present time, this credit is available for 2009 and 2010.
  • Homeowner must save receipts and provide a Manufacturer’s Certification Statement.
  • IRS Tax Form 5695 (2009 version) is the form the homeowner will use to apply for the tax credit.

Helpful Resources

Other Resources to help you make Educated Decisions: