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

Wed Nov 8 05:29:31 CST 2006

Yes, that is how I understand it.  

________________________________

From: Irina Golfman [mailto:irina at inera.com]
Sent: Mon 11/6/2006 5:11 PM
To: Lawrence Lile
Subject: [BULK] Re: [Greenbuilding] [BULK] Re: EPACT 2005 Tax Credits

The way I understand this is that $500 is a maximum you can get even if you
spent lots of money on qualified insulation, roof, windows, etc. So if If I
claim the insulation for 2006 and my windows are not installed until
January I can claim another $500 credit for 2007. Is this correct?

Thank you,
Irina

At 05:50 PM 11/6/2006, you wrote:
>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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