Residental Energy Credit

[photoman]

I have a client that in 12 had some energy eff windows and insulation installed. Am I correct in understanding we can still use this credit .

[DexEA]

If qualifying residence, qualifying products, and taxpayer hasn't already met the limits, yes, the credit is still available.

[Kram BergGold]

Remember

Installation of these products does not count only cost of products.

[photoman]

yes thanks for reminding me

Installation of these products does not count only cost of products.

I forgot about that part

Ron

[FEDUKE404]

Prior year energy credits limitation

I forgot about that part

Ron

And, like DexEA already mentioned, line 20f of Form 5695 can "de-energize" many expected 2012 credits.

FE

[powerage]

close, but no cigar

Almost had had this credit a few weeks ago, but the product did not have the Energy Star seal. The client even brought in the manual.

[Bert73]

Question on the Energy Credit

I have a client that put on a heat resistant roof in 2012 and asked if labor was included. When I looked at the Energy Credit chart on page 11-14, nothing about heat resistant rooves were in the chart.

Any clue on whether a heat resistant roof applies to this credit and if so, is labor included? I realize the credit form is still delayed, but I need this information eventually? (And if any future clients qualify for the same credit)

[Gene V]

I have a client that put on a heat resistant roof in 2012 and asked if labor was included. When I looked at the Energy Credit chart on page 11-14, nothing about heat resistant rooves were in the chart.

Any clue on whether a heat resistant roof applies to this credit and if so, is labor included? I realize the credit form is still delayed, but I need this information eventually? (And if any future clients qualify for the same credit)

See page 4 of the new form 5695

http://www.irs.gov/pub/irs-pdf/f5695.pdf

[Bert73]

Thanks Gene

Thank you so much, I will let the client know that the labor and other costs do not apply.