The American Recovery and Reinvestment Act of 2009 (ARRA) extends, expands, and simplifies the federal income tax credits for homeowners who make energy efficiency home improvements. The law extends the consumer tax benefits for another year, through 2010; triples the total available tax credit from $500 to $1,500; and increases the tax credit to 30 percent of the cost of each qualified energy efficiency improvement. The law also removes the cap on geothermal heat pumps and solar water heaters through 2016.
Energy Efficiency Can Lower Your Federal Tax Bill as Well as Your Energy Bills
Above is a direct quote from the "Alliance to Save Energy" www.ase.org/content/article/detail/2654
There are many excellent resources available on this topic. All-Tex Exteriors (Houston, Austin and San Antonio) can help you by providing the correct products and advice so that you can collect your tax credit. Here are the details of what products we can help you with.
Windows and Doors
The Federal Government is offering the following for products put into service in 2009 and 2010:
- Maximum one time credit of the lesser of 30% rebate or $1500
- Does not include installation; product price only
- Windows must meet minimum specs of a .30 U Factor AND .30 Solar Heat Gain Factor
- Not all manufacturers qualify and not every Energy Star Window qualifies.
- You must save the Manufacturers Certification AND the NFRC rating label.
Roofing
Roofing has the same one time credit but is more lenient because the products just have to Energy Star Rated and have a life expectancy of at least 5 years or a warranty of at least 2 years.
Resources
Please visit the following resource sites for more detail.
The Alliance for Saving Energy "ASE"
Energy Star
Efficient Windows Collaborative
The National Fenestration Rating Council
All-Tex Exteriors would like to be your partner and help you save energy and the environment.
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