There is a tax credit available to homeowners who have walls insulated. The credits were continued last year in a budget deal to cover tax year 2014 and the amount is 10% of the cost of materials up to $500. Only the material costs count, not the labor. There are other credits for residential solar electric, solar hot water, geothermal heat pumps, a small wind energy system, and fuel cells, but I can’t find anything more for improving the homes building envelope. You can find out the details by downloading the proper form, IRS Form 5695, and instructions here.

You can only accumulate $500 worth of credits from 2005 through 2014. I have to dig into my records to find out how much of a credit we got in 2007 for adding insulation to our attic and subtract that from the maximum $500 credit. I am waiting for an itemized breakdown of our Energy Upgrade California retrofit work, including the cost of the cellulose insulation blown into our walls.

I’m afraid after all this there won’t be much of a credit.

I’m wondering though if any of you Home Energy Pros members and readers are trying for this credit themselves or are helping their clients get credit for energy upgrades. It was hard to find the right information and it seems like this is a tax credit that has been hidden from public view. Or it’s just too cumbersome and doesn’t offer much.

Anybody out there have any experience with the 2014 Residential Energy Credits?

Views: 78

Reply to This

Replies to This Discussion

Well if I had to guess your credit will be 0 as it used to be up to $1500 & wasn't as hard to get back then - http://thehtrc.com/2009/october-national-energy-awareness-month which quite a lot of people took - new windows, HVAC, etc...

I know many have still talked it up (mainly window guys) but that stopped when it did expire (the first or was that second time?). It is always worth mentioning as a possibility, but if you do that, make sure you break down your billing to show the information they need.

RSS

Latest Activity

Brett Little posted events
yesterday
Ben Thompson replied to Stuart Perkin's discussion TrueFlow in the group Energy Auditing Equipment for Sale, Trade or to Purchase
"Hi Stephen. Do you still have a Trueflow that you would sell? Ben Thompson,…"
yesterday
Ben Thompson replied to Landon's discussion WANTED: Blower door complete set Retrotec or Minneapolis in the group Energy Auditing Equipment for Sale, Trade or to Purchase
"Hi Landon. I have a Minneapolis blower door set-up that I would like to sell. It's in…"
yesterday
Ben Thompson added a discussion to the group Energy Auditing Equipment for Sale, Trade or to Purchase
Thumbnail

Wanted: TrueFlow plate

Seeking an Energy Conservatory TrueFlow plate (grid) in good condition. Ben Thompson.…See More
Friday
Scott Partlo replied to Jerry Needham's discussion Closed cell on roof deck to prevent mold.
"You say that 2" of closed cell foam is applied OVER the roof deck.  Where exactly was the…"
Friday
ayazfudugo1 replied to Tom Smith's discussion Are Energy Efficient Windows worth the investment?
"For both new and existing homes, Energy efficient windows are an important consideration Heat…"
Friday
Profile IconTodd Williams and Haley Keegan joined Diane Chojnowski's group
Thumbnail

Hall of Shame

In this group, members share an array of images from the field, showing the kinds of issues…See More
Friday
Todd Williams liked Diane Chojnowski's group Hall of Shame
Friday
Home Energy Magazine posted a blog post
Thursday
Leona Zoey posted a blog post

Landlords Are Your Friends

While it may be easy to forget given their apparent position of power over you, landlords usually…See More
Thursday
Haley Keegan joined Building Performance Institute's group
Thumbnail

Building Performance Institute (BPI)

BPI is the nation's premier standards development, quality assurance and credentialing organization…See More
Thursday
Donald Hester replied to Jerry Needham's discussion Closed cell on roof deck to prevent mold.
"For the roof shingle issue that is an unfortunate issue with many home inspectors that have been…"
Thursday
Profile IconJason Green, Dennis Smith, Alex Ortega and 2 more joined Home Energy Pros Forum
Thursday
tedkidd replied to Quinn Korzeniecki's discussion BPI CEO Larry Zarker's Review of "The Home Comfort Book" in Healthy Indoors Magazine in the group Building Performance Institute (BPI)
"...free chapters of book available here - http://bit.ly/HPchapterlist"
Thursday
tedkidd liked Quinn Korzeniecki's discussion BPI CEO Larry Zarker's Review of "The Home Comfort Book" in Healthy Indoors Magazine
Thursday
William Collins's video was featured

Foam Kits vs. Spray Sealants Gun

How does the Foam Kit stack up to the Spray Sealants Gun when it comes to simplicity? When you integrate the Spray Sealants Gun to a 16lb Canister, you creat...
Thursday
Scott Becnel added a discussion to the group Energy Auditing Equipment for Sale, Trade or to Purchase
Thumbnail

Brand new DucTester at a discount

Brand new DucTester at a discountI have a brand new 300 DucTester system from Retrotec for sale at…See More
Wednesday
Scott Becnel joined allen p tanner's group
Thumbnail

Energy Auditing Equipment for Sale, Trade or to Purchase

Discuss the pros and cons of the equipment you are interested in prior to purchase. Post equipment…See More
Wednesday
Lucyna de Barbaro liked Home Energy Magazine's blog post AeroBarrier: The Silver Bullet to Zero Energy Affordability, by Paul Springer
Wednesday

Photos

  • Add Photos
  • View All

© 2018   Created by Home Performance Coalition (HPC)   Powered by

Badges  |  Report an Issue  |  Terms of Service