Energy Tax Credits

Click on the link below for updated information on the energy tax credits for 2011

http://www.energystar.gov/index.cfm?c=tax_credits.tx_index

The details of the 2011 tax credit.

The extended tax credit applies to the cost of materials only, not the cost of installation. The credit is 10 percent or up to a maximum of $500 on the purchase price of insulation or other qualified energy efficiency products. Here’s how to get it:

• The tax credit applies only to items bought in 2011. Include the information on the tax return you file in 2012.
• If you previously applied for the credit in 2009 or 2010 of $500 or more, you won’t be able to apply for this.
• Save your receipts for all qualified purchases—this is the receipt you got from the store, not your credit card statement.
• Fill out Manufacturer's Certification Statement for each item—you may need to fill out Manufacturer's Certification Statements for non-insulation products from other manufacturers as well.
• File all documentation with your tax records—do not send the documents with your tax return. You'll need to use IRS Form 5695 to claim the credit.

Your purchase must be used in your primary residence. Find out more now!

ENERGY STAR® Tax Credits for 2011 Tax Year

Congress extended the provision for 2011 with some modifications to eligibility requirements, and reductions in the cap to $500 per home, and 10% of the installed cost for qualifying equipment.

Note: Subject to a $500 maximum per homeowner for all improvements combined.