Tuesday, May 12, 2009

Take Advantage of the Energy Tax Credit!

This credit is part of the American Recovery & Reinvestment Act of 2009. It changes provisions in the Energy Improvement & Extension Act of 2008 which was signed into law by President Bush on 10/3/08 HR 1424.

The credit has now been extended through 2010.

-30% of product purchase
-The maximum credit is now $1,500
-The applicable years are 2009 and 2010
(even if you took advantage in 2006 & 2007 you can start again!)

The building that garage door is placed on can be unattached to the main house, but it must be on your primary residence. The door must be placed in service.

Basic Eligibility (see recovery.gov and energystar.gov for more specifics)

1. Must be an insulated garage door
2. Must be installed on an insulated garage
3. The U-factor must be equal or less than .30 even if the door contains glazing
4. The door perimeter must have means to control air infiltration
5. The garage door must be expected to remain in service for at least 5 years

We will give you certification from the manufacturer for you to keep in your files if the IRS ever requested it.