Indiana Insulation Tax Credit

While there are no limits to how much a donor can contribute to a qualified sgo the entire tax credit program cannot award more than 14 million in credits per state fiscal year of july 1 2018 june 30 2019.

Indiana insulation tax credit.

Anything that reduces air loss weather stripping or caulk can also qualify if you possess a certification statement from the manufacturer. Consumers will need to have any usa insulation contracts applicable manufacturer s certification statements and complete irs form 5695 for tax purposes. Adding adequate insulation is one of the most cost effective home improvements that you can do. The tax credit applies only to improvements made to the building envelope the area along the perimeter of the home that separates the living space from the outside and includes attics foundation and exterior walls basements and crawl spaces.

You can claim 10 of the cost with a maximum limit of 500. A database by energy gov provides information on local incentives offered by indiana counties cities and utilities. Indiana rebates savings which areas of my home should i insulate. Business and industrial tax credits.

Typical bulk insulation products can qualify such as batts rolls blow in fibers rigid boards expanding spray and pour in place. Spray foam insulation calculators. Home insulation bulk insulation products may also qualify for a tax credit if they meet energy star standards. Additional tax credit programs can be found by visiting the indiana economic development corporation.

The database sorts information by location. County city and utility incentives.