Tax Credits
Install Ra-flect™ Foil Insulation Radiant Barrier Products and Receive Tax Credits*
***All Energy Efficiency Tax Credits have expired! Many different legislations are currently being proposed to reinstate these tax incentives. However, until these tax incentives are extended, you are not eligable for any of the following tax credits. To stay up to date with current tax laws relating to energy efficiency and alternative energies, please take a look at EnergyStar.gov.***
On August 8, 2005, President Bush signed into the law the Energy Policy Act of 2005 offering consumers tax credits for various home improvements made to save energy.
Tax credits (Section 25C) are available for many types of home improvements including adding insulation, replacement windows, and certain high efficiency heating and cooling equipment to non-business energy property that is:
- installed on or in connection with a dwelling unit located in the United States and used as the taxpayer’s principal residence;
- originally placed-in-service by the taxpayer after December 31, 2005, and before January 1, 2008;
- expected to remain in use for at least 5 years.
Credit amount is equal to 10% of the amount paid for qualified energy efficiency improvements installed during the tax year. The maximum amount of homeowner credit for all improvements combined is $500 during the two year period of the tax credit.
These Section 25C credits are taken on IRS Form 5695 and may not be carried forward to future tax years.
Definition: Tax “credits” are subtracted directly from total tax liability resulting in a dollar for dollar reduction of taxes due. If you have no tax liability for the year, then you do not get credit for the tax benefit.
Our Ra-flect™ radiant barrier foil insulation products qualify for the Energy Policy Act of 2005 tax credits.
Download a copy of the Manufacturer’s Certification Statement and SAVE WITH YOUR TAX RECORDS if you plan to obtain the tax credit. You do not need to submit this form to the IRS with your tax form.
*We strongly advises you to talk with your tax professional in determining actual elegibility for tax credits.
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