I don’t know about you but spring always makes me feel like doing more around the house. Checking some of those to-dos off the list and just sprucing the place up. If you are always thinking “green” like me, then energy efficiency might be on the top of your to-do list. Good news! The stimulus package has something in it for you and me.
As part off the Economic Stimulus package, the American Recovery and Reinvestment Act of 2009 modifies and extends federal tax credits for eligible building components that improve energy efficiency. To be eligible, windows, doors and skylights must have both a U-Factor equal or less than 0.30 and Solar Heat Gain Coefficient (SHGC) equal to or less than 0.30.
If you purchase and install between 1/1/2009 and 12/31/2010, you may qualify for a credit of 30% of the product cost up to $1500 on you Federal income tax.
- Tax credit is for the cost of the product only and does not include installation costs.
- Save your sales receipt reflecting the cost of product only and your NFRC/Energy Star label.
- Consult with your tax planner before purchase and review all applicable IRS guidelines.
Just something to keep in mind this spring as you start to go “green”!