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Tax Credit Communication to Homeowners
What is the Tax Credit?
- Section 1333 of the Energy Policy Act of 2005, Pub. L. No. 109-58, 119 Stat. 594 (2005) added Section 25C to the Internal Revenue Code. Section 25C provides a credit against tax for the taxable year in an amount equal to 10% of the sum of product costs (installation costs cannot be submitted for energy credit) for all qualified energy efficiency improvements on the taxpayer's primary residence up to a maximum of $500.
- The cost of James Hardie HardieWrap, HardieWrap Flashing Tapes, and HardieWrap Seam Tapes when installed as an air barrier in a properly designed wall system is an Eligible Building Envelope Component.
- Example: If a homeowner spends $10,000 on qualifying costs, their credit would be $500 ($10,000 x 10% = $1000, but max is only $500).
How does it work?
- Contractor/Installer must install HardieWrap as an air barrier per James Hardies installation instructions in a properly designed wall system.
- Taxpayer must retain the Manufacturer's Certification Statement; and receipts from contractor/ installer outlining all costs. Then submit form 5695 with tax return.
Dowload your Certificate of Energy Credit by filling out the form below.
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