The American Recovery and Reinvestment Act (ARRA), and its agressive tax credits, have proven successful, at least in the construction industry. More and more customers are investing in window and door replacement, insulating and roofing. Their justifiable concern over rising energy costs, (they may fluctuate but no one expects them to go down) are driving the investments.
Tax credits are available in many industries. Let's explore the three areas that affect our business.
Here is the short form - Requirements and deadlines for remodeling-related energy improvements.
Credit available: 30% of cost, materials only, $1,500 maximum for all improvements combined.
Timeline: Must be "placed in service" (ready and available for use) January 1, 2009 - December 31, 2010.
Windows and Skylights:
Before June 1, 2009: Must meet Energy Star criteria
After May 31, 2009: U-factor and SHGC less than or equal to 0.30.
Storm Windows:
Must comply with International Energy Conservation Code (IECC) bfor abpplicable climate zone in combination with window over which it is installed. (Use either the 2001 Supplement to the 2000 IECC or the 2004 Supplement to the 2003 IECC.)
Exterior Doors:
U-factor and SHGC less then or equal to 0.30.
Storm Doors:
Must comply with IECC default U-factor in combination with primary door.
Insulation:
Must meet 2009 IECC and amendments. Must be expected to last five years or have two-year warranty. Primary purpose must be to insulate. As of mid-September, the IRS had not ruled on SIPs or insulated siding but it is believed that SIPs are eligible.
Metal and Asphalt Roofs:
Energy-Star qualified.
We can help make sure your customers qualify and get these tax credits. Use Bethel Mills as your clearinghouse for this service.
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