As part of the Inflation Reduction Act of 2022, you can earn up to 30% tax credit worth up to $1,200 for making energy efficient home improvements.
And, yes, home insulation qualifies for this credit.*
This tax credit was implemented by the federal government to provide incentives for homeowners to make energy-efficiency home improvements. The credit is intended to help offset the cost of these upgrades, can be claimed on your annual tax return and may reduce the federal taxes you pay as a homeowner.
Consumers will need to have any USA Insulation contracts, applicable Manufacturer’s Certification Statements and complete IRS Form 5695 for tax purposes. Remember, the insulation must have been “placed into service” during the taxable year to qualify as a Tax Credit.
The following documents will be needed to redeem the Federal Tax Credit. Please choose from the following per your contracted scope of work:
For additional tax credit information:
* Installs completed in 2022, would qualify for a tax credit of 10% up to $500. Please consult your tax advisor for more information.