Tax Credits for Insulating the Attic
October 21st, 2006You can get a tax credit for insulating your attic. I am in the process right now of deciding how much insulation I need, how I am going to get it up into the attic in the first place, and whether it will qualify for a rebate and a tax credit.
As far as I can tell, the IRS is allowing a 10% tax rebate on any improvements that improve the energy efficiency in your house. That includes insulating your attic and walls to a minimum standard. You have from the beginning of this year until the end of next year to make the improvements, and can get up to a $500 rebate. You do not have to claim it all in one year, but the amount that you can claim is cumulative over the two years and you have to claim the rebate(s) in the year that you make the improvement.
This is a great program, in my mind. You are saving money and not wasting as much energy by making your home more efficient, and you get a rebate at the same time. My trick now is just figuring out how much I need, getting a good price on it, and finding out how to get it home since I certainly can not fit all that insulation in my truck in one trip. I currently have 6 inches of insulation between the joist in my attic; my plan is to put another 6 inches lengthwise over the joists.
October 26th, 2006 at 6:19 am
I really need to get my home insulated. I have absoluetly, no insulation in my home. And with no money, not sure how to get it, let alone bringing it home in my car.
possibly 4 at a time (if I had the cash) 1-2 in the trunk and 2-3 in the back seat. I guess for that matter I could get another in my passenger seat to.
October 30th, 2006 at 9:35 pm
[…] Home Depot allows for you to purchase the insulation on will call. You bring the SKU to the register, purchase how much you want, and then make as many trips as necessary to pick it up. They prefer that you pick everything you buy up within 10 days of purchasing it, but they will allow you more time as long as you let them know ahead of time. […]