For 2009, individual taxpayers can receive up to a $500 lifetime credit for the installation of insulation and other qualified energy-efficient improvements in their homes (claimed through the regular federal tax return).
Qualified insulation, exterior door or roof expenditures must meet the 2000 International Energy Conservation Code (IECC) requirements, including supplements, and the incentive is equal to 10 percent of the cost of the product (but not the installation), up to a $500 limit.
The incentive also includes seals to limit air infiltration, such as caulk, weather stripping, and foam sealants, as well as storm doors/windows. Roofs must be metal with pigmented coatings or asphalt with cooling granules that meet ENERGY STAR requirements. Manufacturers can certify (in packaging or on the company's web site) products that qualify for the tax credit.
Learn more about federal tax credits for energy efficiency and what you need to do to qualify.
Tax Credit at a Glance
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Energy Efficient Existing Homes Credit Extended through 2009
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$500 lifetime credit
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Taxpayers who claimed some but not all of the $500 federal income tax credit for energy efficiency home improvements that was in effect in tax years 2006 and 2007 may utilize the unused portion in 2009 (improvements made in 2008 do not qualify)
Find additional information at http://www.energy.gov/taxbreaks.htm.
