Does pipe insulation qualify for tax credit?

Nelson_4

Hi,

I covered my steam pipes in the basement in 1" fiberglass insulation last Fall. Could this qualify for the insulation tax credit?

The 5695 instructions read:<span><span>

Enter the amounts you paid for any insulation material or

system (including any vapor retarder or seal to limit infiltration) that is

specifically and primarily designed to reduce the heat loss or gain of

your home when installed in or on such home and may be taken into

account in determining whether the building thermal envelope

requirements established by the IECC are satisfied.

For property placed in service after February 17, 2009, the property

must be specifically and primarily designed to reduce the heat loss or

gain of your home when installed on or in such home and must also

meet the prescriptive criteria established by the 2009 IECC as in effect

(with supplements) on February 17, 2009. However, if you purchased

property before June 1, 2009, you can still take the credit if you relied on

the manufacturer's certification issued before February 18, 2009, that

the property met the standards in effect before February 18, 2009.</span></span><span><span>

A component is not specifically and primarily designed to

reduce the heat loss or gain of your home if it provides

structural support or a finished surface (such as drywall or

siding) or its principal purpose is to serve any function

unrelated to the reduction of heat loss or gain.</span></span>

TomM

here

http://www.irs.gov/pub/irs-news/n-09-53.pdf



so- any insulation that is specifically designed to reduce heat gain or loss of a dwelling unit can get the credit.

I think insulating steam pipes counts, but DHW pipes may not.  Could be wrong though.

.

Either way, I took the credit even for a few cans of 'Great Stuff' foam.