taxcredit.htm

Tax Credits Available For Home Improvements

On February 17, 2009, The Stimulus Bill (The American Recovery and Reinvestment Act of 2009) was signed into law. It made some significant changes to the energy efficiency tax credits available to homeowners. A significant, immediate benefit of the ARRA is the Energy-Efficient Home Improvements Tax Credit. This tax credit, equal to up to All Homeowners. Must be for taxpayers principal residence. Existing homes only. No new construction. Property must be ready and available for use between 1/1/2009 and 12/31/2010. Maximum amount of tax credit is 30% of all costs incurred up to $1,500 in 2009 & 2010.

For record keeping, save your receipts and the Manufacturer Certification Statement, OR for windows, you can save the ENERGY STAR label from your new windows. Improvements made in 2009 will be claimed on your 2009 taxes (filed by April 15, 2010) Use IRS Tax Form 5695 (2009 version) — available late 2009 or early 2010.

You can save money on their taxes while they improve the energy-efficiency of their home. 30% of all costs incurred by the taxpayer, up to $1500, for energyefficient home improvements, such as installation of energy-efficient windows, doors and insulation, is being made available now to those who qualify.

What Products Qualify?

Product:	Category Product Type:	Tax Credit Specification:	Notes:
Windows	Exterior Windows & Skylights	U factor <= 0.30 SHGC <= 0.30	Not all ENERGYSTAR labeled windows and skylights qualify for tax credit.
Doors	Exterior Doors	U factor <= 0.30 SHGC <= 0.30	Not all ENERGYSTAR doors will qualify.
Roofing	Metal Roofs & Asphalt Shingles	ENERGYSTARRated	All ENERGYSTAR labeled metal and asphalt roofs qualify for the tax credit. Must be expected to last 5 years OR have a 2 year warranty.
Insulation	Insulation	Meets 2009 IECC & Amendments	For insulation to qualify, its primary purpose must be to insulate. (example: vapor retarders are covered, siding does not qualify).

Source: http://www.energystar.gov/index.cfm?c=products.pr_tax_credits

ABC Exteriors cannot provide tax advice. Please see your tax advisor to determine how this information may apply to your own situation.