(877) 806-8728

We'll focus on your home's energy efficiency, so you can focus on what matters most.

GET UP TO $1,200 FOR ADDING INSULATION & PROPER AIR SEALING TO YOUR HOME!

Both federal and state governments want you to be cautious of your energy usage, so for a limited time they are offering tax credits and deductions for certain home energy improvements performed by a licensed contractor. Local utility providers are also offering cash rebates for many of our upgrades we perform!

Elevate Insulation will assist you in qualifying and applying for these credits and rebates.

Energy Efficient Home Improvement Tax Credit FAQ's

Any work done in 2021 and 2022 will be eligible for a 26% tax credit. Starting January 2023 eligible improvements can receive up to 30% in credits

What is a tax credit?

The renewable energy tax credit allows a taxpayer to claim up to 30% of qualified expenditures for energy efficient home improvements that serves a dwelling unit, owned and used by a taxpaying resident. If you are tax exempt then you cannot receive this.

What if I owe less than the 30% credit amount on taxes?

The federal tax credit is a credit and not a rebate meaning you must have enough tax liability to get full use of the credit.
If the federal tax credit exceeds your tax liability in the year of installation, the remaining amount can be carried over to the succeeding taxable year.
If you have taxes held from your pay by your employer during the year, and therefore have no tax liability due at the end of the year, then your tax credit value will be issued as a refund.

What is eligible for the energy efficient home improvement tax credit?

Qualified energy efficiency products installed during the year
Residential energy property expenses
Home energy audits
Home improvements must meet energy efficiency standards and they must be new systems and materials, not used

How long is the 30% credit valid?

Qualified energy efficiency improvements installed during the year starting January 1st 2023 -December 31st 2032 are eligible

What improvements have specific credit limits?

Building envelope components must have and expected lifespan or at least 5 years
Insulation and air sealing materials or systems that meet International Energy Conservation Code (IECC) standards in effect at the start of the year 2 years before installation. For example, materials or systems installed in 2025 must meet the IECC standard in effect on Jan. 1, 2023. These items don't have a specific credit limit, other than the maximum credit limit of $1,200.

Here's how to claim the Energy Efficiency Home Improvement Tax Credit

How to Claim the Energy Efficient Home Improvement Credit

File "Energy Efficient Home Improvement Credit" Form 5695 , and with your tax return claim the credit. You must claim the credit for the tax year when the property is installed, not merely purchased. To read more about this you can click here to be redirected to the IRS.gov info page.