Posted by Pierces Notary Services on 2/28/07 5:05pm
Msg #177589

OT - Residential Energy Credit - 2006

Does anyone know if you can deduct the cost of new siding on your home in addition to new windows? I was reading the IRS instructions for 1040 and it says "any insulation material or system primarily designed to reduce heat gain or loss in your home". We did new windows and siding last summer. I would think the siding would be part of that as we put it up to keep the wind out if you know what I mean. It went over our old cedar siding along with insulation.

Reply by Gerry_VT on 2/28/07 6:46pm
Msg #177602

The installation process for some windows creates considerable damage to the siding, so new siding might be the most economical technique to repair the damage from the installation of the windows. It would depend on the details of the installaton. I don't know if the IRS has any standing policy about this.

Reply by Genkichan on 2/28/07 8:22pm
Msg #177610

From everything I've read about it, no, siding on the house doesn't count. Insulation might count, if properly rated. Labor/installation fees for anything doesn't count at all, so you must itemize out those costs. Go to the IRS website and dig up the specific publication, or visit www.energystar.com for full details on what you can/cannot claim. You typically need to get a Manufacturer's Certification Statement for your qualifying products. We're getting a credit for our new HVAC system. YEAH! Good luck!