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Can I claim a tax credit for the insulation material i bought to wrap my hot water tank to save energy?
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No. There is a credit available for installing insulation materials, but it is intended for insulation affecting the whole home instead of insulation for your water heater tank.
To learn more, take a look at the following TurboTax article:
10 Energy-Related Home Improvements You Can Make Today
No. There is a credit available for installing insulation materials, but it is intended for insulation affecting the whole home instead of insulation for your water heater tank.
To learn more, take a look at the following TurboTax article:
10 Energy-Related Home Improvements You Can Make Today
Even though that is a good idea, the law is written to specify insulation systems that reduce heat gain or loss from the whole home (dwelling).
Thank you. 🙂
Thank you... 🙂
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