I completed a crawlspace encapsulation project in my home. Cost was $4000.
This completely encapsulated the crawlspace with 36mil reinforced poly fiber all across the ground and up the walls, creating a vapor barrier.
As promised, this has *significantly* improved the efficiency of my HVAC system since installation.
Is this deductible in accordance with the Home Energy Credits section?
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Yes, insulating your crawl space would qualify you for the Home Improvement Energy Efficiency Credit. This credit is 30% of the cost of the project with a cap of $4,000. You cannot claim the cost of labor for insulation, only the product itself. So, if they did not give you a detailed invoice, you will need to reach out to the contractor to get one.
The Home Improvement Energy Efficient Credit is a nonrefundable credit
Yes, insulating your crawl space would qualify you for the Home Improvement Energy Efficiency Credit. This credit is 30% of the cost of the project with a cap of $4,000. You cannot claim the cost of labor for insulation, only the product itself. So, if they did not give you a detailed invoice, you will need to reach out to the contractor to get one.
The Home Improvement Energy Efficient Credit is a nonrefundable credit
Does this only apply to your main home? Can I take the credit for doing it on my second home?
Eligibility requirements
- Qualifying improvements had to be installed in your main home. Your main home is the property you live in the majority of the time.
- Your main home must have been located in the United States.
@danhooter
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