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Tax Credits For Nashville Area Homeowners
 Insulation
is only considered an “Eligible Building Envelope Component” if it is
specifically and primarily designed to reduce heat loss or gain of a dwelling
unit when installed in or on the dwelling unit.
The credit amount established by 25C of the Internal Revenue Code is:
 10%
of the amount paid or incurred by the taxpayer for qualified energy efficiency
improvements installed during the taxable year.
Up to
maximum credit of $500.00 for all taxable years (all improvements combined).
Allowed
only for amounts paid or incurred to purchase the insulation.
Not allowed for amounts paid for onsite preparation, assembly, original
installation labor, siding or sales tax.
The
purchase must be made during the taxable year for which the credit is claimed.
Retroactive and with time limits, covering product in service after December 31,
2005 and before January 1, 2008.
For the
entire scope of information about the Credit for Non-Business Energy Property
25C, please visit:
http://www.irs.gov/pub/irs-drop/n-06-26.pdf
If you are looking for a replacement windows, vinyl siding, sunrooms, or any
exterior home improvements, then please call us today at 866.879.6343 or
complete our online
request form.
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Our Home Improvement Services:
"As for the windows, I am so happy with them, they are
easy to open, easy to clean and with the recent rate increase on utilities they
have really saved money." --Sue
McCormick,
Clarksville, TN
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