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Tuesday, November 23, 2010

Possible new Energy Star Tax Credit for Radiant Barrier Energy Efficient Decking

News flash! I have not confirmed it but it seems the IRS has approved radiant barrier decking as an Energy Star tax credit product for 2010. That would mean many people who haven't used their one time tax credit for up to $1500.00 can now do so. That credit is for 30% of the material cost on only some Energy Star products. Just because the a product has an Energy Star rating it does not mean it is tax credit worthy.

More tomorrow.
Steven Placker of Techshield, or Louisiana Pacific if you prefer, just informed me that the Reflective Insulation Manufacturers Association-International, or RIMA, an industry group consisting of structural boards and insulation with reflective surfaces, has been in negotiating with the IRS and the product has passed certain milestones but has not been approved by the IRS yet for the tax credit. They expect the news to come down sometime next year.

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