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Problem determine Cost of Materials re engergy tax credit

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    Problem determine Cost of Materials re engergy tax credit

    I have encountered problems with several clients who are having difficulty in
    determining the COST of materials when they paid to have windows or other
    energy efficient items installed in their home. For many such expenditures
    ONLY the cost of materials qualifies for this credit including an asphalt roof. A water
    heater and a geothermal heat pump cost AND the installation DOES qualify for the
    credit. You can EXPECT to have problems with this!.
    Last edited by dyne; 02-20-2010, 02:28 PM. Reason: correction

    #2
    That has proven

    to be a common problem for us also. We have had to send several back to their contractors to get the information. And to explain to them that the misc. parts and accessories that went into the installation do not count either. We have seen two contracting companies that actually spelled it out on the invoice and showed the customer their expected tax rebate. A good selling point for them to sell higher end products.
    AJ, EA

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