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Energy Tax Credit CertificationFEDERAL ENERGY TAX CREDITS EXTENDED FOR 2009 & 2010Receive a 30% Tax Credit (up to $1500) when you install an approved, insulated Garage Door.* The American Recovery and Reinvestment Act of 2009, which changes several provisions in the Energy Improvement and Extension Act of 2008 (HR 1424), entitles homeowners a tax credit for qualified energy saving improvements they put in place on their primary residence. Included in the approved products are qualified garage doors.The tax credit equals 30% of the product price up to $1500. The credit applies to the product purchase only and does not include labor. The maximum credit of $1500 is for any and all combined qualified products for the home including windows, entry doors and garage doors. The qualified improvements must be installed on an existing home between January 1, 2009 and December 31, 2010. What qualifies a garage door for this tax credit?
Residential garage doors that have a U-factor of equal to or less than 0.30 qualify for this tax credit. Additional requirements are:
1) The garage door must be installed on an insulated garage (conditioned space). 2) The garage door must be part of the customer’s principal residence. 3) The garage door perimeter must have a means to control air infiltration. 4) The garage door must be installed in the years 2006, 2007, 2009 or 2010. 5) The garage door must be expected to remain in service for at least five years.
Taxpayers receive a tax credit of 30 percent of the qualified energy-efficiency improvements installed during 2006, 2007, 2009 or 2010, up to $1,500. Cost of installation does not qualify. What does a homeowner need to do to obtain the tax credit if the garage door that meets all the qualifications? A Manufacturer Certification provided by the garage door dealer or found on the manufacturer’s website and the dealer’s breakdown of the door cost and the cost of labor should be obtained by the homeowner. Copies should be kept for homeowner records, but do not need to be submitted with tax return. |
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