Good news for consumers who are energy conscious and using energy efficient appliances. Last October, Federal tax credits for energy efficient home improvements have been extended into 2009.
The recently-signed “Emergency Economic Stabilization Act of 2008″ includes an extension of the residential tax credits for energy efficient improvements. The previous tax credits expired at the end of 2007.
It’s important to note that the new tax credits for installing energy efficient improvements are only good for 2009 installations. There are no tax credits for improvements installed during 2008.
The tax credits are available for insulation, replacement windows, water heaters, and certain high efficiency heating and cooling equipment. However, be aware that not all Energy Star rated improvements are eligible for the tax credit. Be sure to check EnergyStar.gov for rules and more details.
Here are some examples of the federal tax credits that are available to homeowners:
- Windows: 10% of cost, up to $200, for qualified ENERGY STAR windows, skylights and storm windows
- Doors (exterior): 10% of cost, up to $500, for qualifying doors (most ENERGY STAR doors will qualify)
- Roofs (metal): 10% of cost, up to $500, for qualifying ENERGY STAR metal roofs
- Insulation: 10% of cost, up to $500, for qualifying insulation (not vapor retarders or siding)
- Air Conditioning (split or package systems): $300 for qualifying systems, not all ENERGY STAR systems qualify
- Water Heaters (tankless only): $300 for qualifying systems
- Cars: Credits are available for certain cars, and is limited by 60,000 per manufacturer before a phase-out period begins
- Solar Water Heating: 30% of cost, up to $2,000, not available for water heaters used for pools or spas
- Solar Power (Photovoltaic): 30% of cost, up to $2,000, must provide electricity for the home
- Fuel Cells: 30% of cost, up to $1,000 per kW of power that can be produced
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GoGreenWindows 02.15.09 at 5:57 pm
2009 Stimulus Bill Tax Credit for Replacement Windows up to $1500
RESTRICTIONS TO TAX CREDIT for Replacement Windows, Doors and Skylights – Energy Star no longer the qualification!!!
Tax Credit for 2009 and 2010
Windows, Doors, Skylights ONLY Qualify for the 30% Tax Credit up to $1500 if the windows are equal to or below a 0.30 U Factor and 0.30 SHGC If the window DO NOT meet these requirements and the homeowner will not get the Tax Credit. Homeowners need to spend more money for these types of energy efficient windows. Energy Star requirements do not apply for this Tax Credit. This replaces the $200 window and $300 door tax credit for 2009. If you have already done your windows hopefully they will qualify if they don’t you will be out of luck. Contact the Democratic Party to complain because they are the ones that put in the new qualifications. Looks like ONLY 30%-40% of windows currently meet the new requirements. Window dealers need to read the actual stimulus bill. Most windows sold today will not meet these requirements unless they are vinyl.
Brands like Milgard Tuscany vinyl windows and doors and Amerimax vinyl windows and doors Do Meet the new requirements if the windows and doors are upgraded to Low-e366 and Argon and Milgard Tuscany needs Superspacer upgrade also. Check the dealers websites to see if a window qualifies or not. I am sure the ones that qualify will be marketing it.
Brands that might not qualify. Pella, Anderson, Atrium, PlyGem, Amsco, Empire Pacific and many others.
Here is a link to the 2009 Stimulus Bill.
pages 41-45
http://i.cdn.turner.com/cnn/2009/…ulus.b.pdf
Hope this helps.