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February 20, 2024
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Can I claim an energy saving tax credit for hot water tank insulation material?

  • February 20, 2024
  • 2 replies
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Can I claim a tax credit for the insulation material i bought to wrap my hot water tank to save energy?  

    Best answer by AnnetteB6

    No.  There is a credit available for installing insulation materials, but it is intended for insulation affecting the whole home instead of insulation for your water heater tank.  

     

    To learn more, take a look at the following TurboTax article:

     

    10 Energy-Related Home Improvements You Can Make Today
     

    2 replies

    AnnetteB6Answer
    February 20, 2024

    No.  There is a credit available for installing insulation materials, but it is intended for insulation affecting the whole home instead of insulation for your water heater tank.  

     

    To learn more, take a look at the following TurboTax article:

     

    10 Energy-Related Home Improvements You Can Make Today
     

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    528hzAuthor
    February 20, 2024

    Thank you. 🙂

    Employee
    February 20, 2024

    Even though that is a good idea, the law is written to specify insulation systems that reduce heat gain or loss from the whole home (dwelling).

    528hzAuthor
    February 20, 2024

    Thank you... 🙂