On February 17, 2009, the stimulus bill “The American Recovery and Reinvestment Act of 2009″ was signed. This act changed what and how energy tax credits were to be credited.  Below are the significant changes that were made:

• Customers can now receive a tax credit of 30% of the cost of material up to a $1,500 total tax credit (2009-2010)
• Installation must occur between January 1, 2009- December 31, 2010 in the homeowner’s primary residence
• Installation costs are NOT COVERED.
• The Improvement or product must be expected to last at least 5 years or have a 2 year warranty (Our Warranty)

Based on these requirements the Energy Improvement Radiant Barrier DOES Qualify for Radiant BarrierTax Credits.

If you want to have an estimate of how much Tax Credit you may be eligible for here is the formula

Total Price x .90% = 90% *30% = Possible Tax Credit
Example:
$100 x 90% = $90
$90 x 30%= $27

Here is our recommended checklist to receive your Tax Credit:

• Have a copy of your “Work Order” 
  
• Download IRS Tax Form 5695 to file with your tax return
• Receive a copy of your Manufacturer’s Certification Certificate. (ed@energyimprovements.net)
  • Keep this certificate and receipt with your tax records. You DO NOT have to send the Manufacturer’s Certification Certificate or Purchase Receipt with your tax return. ONLY send the IRS Form 5695
• Speak with a Tax Professional concerning your eligibility to receive tax credits. We are not tax professionals.