Save money,reduce your FPL bill, reduce energy costs, improve the insulating value of your home PLUS receive a rebate from FPL and tax credits worth up to $1,500 from the IRS!

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Energy Savings & Tax Credits

Individual taxpayers are allowed a non-refundable personal tax credit, known as the non-business energy property credit, for certain energy efficient property installed in the taxpayer's principal residence.

Code Sec. 25C(a) ; Code Sec. 25C(c)(1)(A) ; Code Sec. 25C(d)(1)(A) .

 
The credit allowed for a taxpayer for any tax year can't exceed the excess (if any) of $1,500 over the aggregate credits allowed for that taxpayer for all previous tax years.  And the credit is extended until December 2010.
 
Subject to the lifetime limitation (above), a 30% credit is allowed for qualified energy efficiency improvements. A “qualified energy efficiency improvement” is:

• any energy efficient building envelope component (defined below), that meets the prescriptive criteria for that component established by the 2000 International Energy Conservation Code, as supplemented and as in effect on Aug. 8, 2005; or  

For purposes of the non-business energy property credit for qualified energy efficiency improvements discussed at, “building envelope component” means: ²¹

• any insulation material or system that is specifically and primarily designed to reduce the dwelling unit's heat loss or gain when installed in or on the dwelling unit; ²²
• any metal roof or asphalt roof installed on a dwelling unit, but only if the roof has appropriate pigmented coatings or cooling granules that are specifically and primarily designed to reduce the dwelling unit's heat gain. ²⁵

²² Code Sec. 25C(c)(2)(A) . ²⁵ Code Sec. 25C(c)(2)(D) .

 

IRS has expanded the above definition of “building envelope component” so that it covers the following: ²⁷

(1) An insulation material or system (including any vapor retarder or seal to limit infiltration) that—

(a) is specifically and primarily designed (defined below) to reduce heat loss or gain of a dwelling unit when installed in or on the dwelling unit; and

(b) may be taken into account in determining whether the building thermal envelope requirements established by the International Energy Conservation Code (IECC) are satisfied. ²⁸