The tax credit is equal to 30% of the amount paid by the taxpaying homeowner for qualified energy efficiency improvements (up to $1,200). These improvements include insulation and air sealing materials. The credit does not apply to labor/installation costs.
At Big City Insulation, we’re committed to helping you find savings wherever possible, and that includes providing the information you need to apply for homeowner tax credits for qualifying insulation upgrades to your home. Learn more about the incentive program and how to apply below.
All taxpaying homeowners. The home must be owned and used by the taxpayer as their primary residence.
If you’re eligible for the incentive and apply, you could receive up to $1,200. This is the largest tax credit that’s ever been made available to homeowners.
Insulation materials that reduce heat loss or heat gain from a living space. This includes insulation, air sealants, vapor and air retarders and recessed light covers. An insulation contractor can walk you through the products and materials that qualify when you’re making upgrades to your home.
Homeowners can apply for the tax credit by completing IRS Form 5695 (titled “Residential Energy Credits”). Include this form when you file your taxes.
The credit is allowed for qualifying upgrades and improvements made on or after January 1, 2023 and before January 1, 2033.
Want to know more about energy-efficient upgrades you can make to your home? Big City Insulation is your trusted partner in insulation solutions that can boost your property’s energy efficiency and help you qualify for tax credits that put money back in your pocket.
Contact us today or call 435-215-4127 to speak with an insulation expert in Washington.