Insulation expenses

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  • TAX
    Senior Member
    • Dec 2005
    • 330

    #1

    Insulation expenses

    Clinet insulation blown in attic in 2006 and paid $950 for this. Can he deduct it under new energy tax credit?

    Thanks!
  • fliszt
    Senior Member
    • Jun 2005
    • 518

    #2
    Please look at

    TTB 11-11 says " . . . Energy efficiency improvements 10% of the amount paid or incurred to purchase eligible bldg envelope compnents that were installed during the tax year: Insulation material/systems that reduce heat loss/gain.'

    Comment

    • Larmil
      Senior Member
      • Dec 2006
      • 621

      #3
      My standard answer

      Originally posted by TAX
      Clinet insulation blown in attic in 2006 and paid $950 for this. Can he deduct it under new energy tax credit?

      Thanks!
      if the energy credit is to be taken is:

      "Anything other than exterior windows with a Energy Star label requires that the client obtain a 'Manufacturer's Certification Statement'". < PERIOD >

      I do not know if the insulstion meets the specs. The client doea not know if the insulation meets the specs. The salesperson probably neither knows or cares if the insulation meets the specs.

      Comment

      • Gene V
        Senior Member
        • Jun 2005
        • 1057

        #4
        Chart

        Here is a good chart that Bob W. posted on energy credit
        ENERGY STAR makes it easy for consumers and businesses to save money and protect the environment.

        Comment

        • TAX
          Senior Member
          • Dec 2005
          • 330

          #5
          Originally posted by Larry M
          TTB 11-11 says " . . . Energy efficiency improvements 10% of the amount paid or incurred to purchase eligible bldg envelope compnents that were installed during the tax year: Insulation material/systems that reduce heat loss/gain.'
          I forgot to mention that this is his residence and not business

          Comment

          • jainen
            Banned
            • Jul 2005
            • 2215

            #6
            >>requires that the client obtain a 'Manufacturer's Certification Statement'"<<

            Unfortunately, there is no requirement that manufacturer's provide such a certification, and I can think of a whole lot of reasons why they wouldn't. Since the manufacturers do not have any control over the way the product is installed, there really is no way they can certify the performance of their products.

            The law says the taxpayer may rely on such a certification if it exists. Nowhere does it say a taxpayer is required to obtain one.

            Comment

            • Larmil
              Senior Member
              • Dec 2006
              • 621

              #7
              Not the law - My policy

              Originally posted by jainen
              >>requires that the client obtain a 'Manufacturer's Certification Statement'"<<

              Unfortunately, there is no requirement that manufacturer's provide such a certification, and I can think of a whole lot of reasons why they wouldn't. Since the manufacturers do not have any control over the way the product is installed, there really is no way they can certify the performance of their products.

              The law says the taxpayer may rely on such a certification if it exists. Nowhere does it say a taxpayer is required to obtain one.
              You can take an energy credit on a high efficiency 50 gallon gas hot water heater if your client insists. Your client may know the specs beter than my clients do.

              Comment

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