The wait is over and we have good news; the popular tax credit for radiant barrier products is back!! At the first of this year, Congress passed the American Taxpayer Release Act of 2012 and President Barack Obama signed it into law on January 2nd.Title IV Section 401 of this law extends past tax credits outlined in IRS Section 25C(g) through December 31, 2013 for energy efficient tax credits pertaining to radiant barrier & reflective bubble insulation products for purchases/installations made in 2012 through December 31, 2013.Summary of the tax credit:The tax credit covers products purchased and installed after January 1, 2012 and before December 31, 2013.The tax credit is for 10% up to a maximum of $500 for the combined year periods (2006, 2007, 2009, 2010, 2011, 2012, and 2013) for all improvements combined (for example, if you have already claimed a 25c tax credit of $500 or more, you would not be eligible to make a tax credit claim for 2012).
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