[Greenbuilding] [BULK] Re: EPACT 2005 Tax Credits

[Lawrence Lile]

So far I have looked into the idea of applying for $500 credit on a metal roof, and failing that, cellulose insulation.  The Cellulose was made by a local company, likely not able to certify anything, and the roofing was made by Firestone Unaclad, but formed by a small-time local outfit, that also isn't able to certify anything.  Firestone lists nothing about this program on their website, although they say that this metal qualifies for energy star rating.  Here is a similar letter from Ryerson, if you are trying to get someone to certify a material send this as an example.

http://www.ryerson.com/products-services/ColorKlad-IRS%20Tax%20Credit.pdf

If that doesn't work, I'll try for HVAC.  

If you apply for the tax credit without the certification letter, The IRS will never know unless you are audited.  As long as you have receipts you are probably OK.  

If you are going to investigate this, don't wait till tax time.  
 
Lawrence Lile

-----Original Message-----
From: Irina Golfman [mailto:irina at inera.com] 
Sent: Monday, November 06, 2006 4:08 PM
To: Lawrence Lile
Subject: [BULK] Re: [Greenbuilding] EPACT 2005 Tax Credits
Importance: Low

Hi Lawrence,

I am planning to file for these credits so I'll be very interested to hear 
your story. Please let me know how you make out if you decide to not post 
to the list.

Thank you so much,
Irina

At 11:39 AM 11/6/2006, you wrote:
>Has anyone attempted to obtain the documentation necessary to get these 
>tax credits?  So far, I am getting a lot of blank stares when I try to get 
>small suppliers to provide documentation. One supplier flatly told me that 
>the government never gives any tax credits for energy conservation. I am 
>attempting to go back to the manufacturer, having given up on the supply 
>house.
>
>It's worth $500 to you if you installed insulation, metal roofs, good 
>windows, and several other items in 2006, or plan to in 2007.
>
>
>
>http://www.irs.gov/pub/irs-drop/n-06-26.pdf
>
>
>
>.02 Manufacturer's Certification.
>(1) Requirements Applicable to Manufacturer. The manufacturer of a
>building envelope component may certify to a taxpayer that the component 
>is an Eligible
>Building Envelope Component by providing the taxpayer with a certification 
>statement
>that satisfies the requirements of section 4.02(4) of this notice. The 
>certification
>statement may be provided by including a written copy of the statement 
>with the
>packaging of the component, in printable form on the manufacturer's 
>website, or in any
>other manner that will permit the taxpayer to retain the certification 
>statement for tax
>recordkeeping purposes.
>(2) Taxpayer Reliance. Except as provided in section 4.02(3) and (6) of
>this notice, a taxpayer may rely on a manufacturer's certification that a 
>building envelope
>component is an Eligible Building Envelope Component. A taxpayer is not 
>required to
>attach the certification statement to the return on which the credit is 
>claimed. However,
>§ 1.6001-1(a) of the Income Tax Regulations requires that taxpayers 
>maintain such books
>and records as are sufficient to establish the entitlement to, and amount 
>of, any credit
>claimed by the taxpayer.
>
>
>
>Lawrence Lile, P.E., LEED AP
>Senior Electrical Engineer
>Project Solutions Engineering
>
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