Cookson Door Sales of Arizona says homeowners who purchase an energy efficient garage door over the next 21 months will not only save on their heating and cooling bills, they may qualify for up to $1500 in federal tax credits. Click here to down load information.
The February 17, 2009 announcement of the $787 billion stimulus legislation includes energy tax credits to qualifying garage doors that amends, extends and expands the previous Energy Tax credit legislation that was signed on October 3, 2008. The Act entitles eligible homeowners to tax credits for energy savings improvements.
The tax credit is equal to the sum of 30 percent of all qualified energy saving improvements installed in an existing home from January 1, 2009 to December 31, 2010. The credit applies to the product only (not labor) and the maximum credit for all
of the improvements combined is $1500.
For example, if the garage door cost is $800, the applicable homeowner tax credit is $240. A taxpayer can add windows, entry doors or any other qualified products totaling $1500 in tax credits.
The following summarizes the new Energy Tax Credits now in effect:
● The tax credits now apply to qualifying purchases through the end of 2010 (previously: 2009).
● The tax credit now equals 30% of the product purchase (previously: 10%).
● The maximum credit for qualifying purchases is now $1500 (previously: $500).
● The applicable years are now 2009 and 2010.
● The required U-factor is now 0.30 (previously 0.35). If someone purchased a qualifying door between January 1, 2009 and February 17, 2009, the required U-factor was 0.35, since that was the requirement at the time.
“Tax credits are more valuable than an equivalent tax deduction because a tax credit reduces tax dollar-for-dollar, while a deduction only decreases the amount of income that is taxed,” says Pat Lohse, vice president of residential marketing for Clopay Building Products, the nation’s largest garage door manufacturer.
To be eligible, the installed garage door must meet the following criteria:
● The door must be an insulated garage door installed in 2009 or 2010.
● The door must have an installed U-factor equal or less than 0.30 and there must be a means to control air infiltration at the door perimeter. This U-factor includes doors with or without windows. Doors with non-insulated windows would generally not comply.
● The door must be expected to remain in service for at least five years.
● The garage must be an insulated space.
● The garage must be a part of the taxpayer’s principal U.S. residence.
Garage door dealers should provide a manufacturer’s certification statement for all IRS qualified insulated garage doors along with a breakdown of the cost of the door(s) and the cost of labor at the time of installation. Homeowners do not need to submit a copy with their tax return, but should keep a copy for their records.
Insulated Garage Doors – Energy Savers in Every Season
As the largest moving part on a home, the garage door plays an important role in its overall energy efficiency.
Since attached garages typically share one or two common walls with the house, any hot or cold air that travels through an open door will ultimately reach the living areas adjacent or above. An insulated door helps stabilize temperatures in the garage to help reduce heat losses or gains from the common house walls.
Clopay® garage doors that qualify for the tax credit include:
• Models 4400, 4401, 4300, 4310, 4301, GD2SP, GD2LP, 9200, 9201, 9202, 9203, GD2SU, GD2LU, 9130, 9131, 9132, 9133
Doors with no windows or with 1/2” or 3/4” insulated windows only. Doors with windows other than these do not qualify.
• Models 4050, 4051, 4053, GD1SP, GD1LP, GD1SU, GD1LU.
Solid doors only.
• Coachman® Collection (1 3/8” and 2” base door thickness.)
Solid doors only.
More details and certificates are available at www.clopaydoor.com. Additional information is also available at www.energystar.gov.
With four manufacturing facilities and 49 distribution centers across the U.S. and Canada, Clopay Building Products is North America’s leading manufacturer of residential garage doors and a leader in the industrial door market. Bringing more than 40 years of leadership to the garage door industry, Clopay Building Products maintains a strong family of brands including Clopay®, Holmes Garage Door Company® and Ideal Door®. Since 1996, Clopay is the only garage door manufacturer to hold the Good Housekeeping Seal.
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