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Energy
Tax Credit for Garage Doors
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.
Changes
in the new policy state that
insulated residential garage doors must have a U-Factor equal to or
less than
0.30. Additional requirements include:
· The garage door is installed on
the taxpayer’s primary residence.
· The garage door must be installed
on an insulated garage.
· There must be a perimeter seal
(door stop) used as a means to control
air infiltration.
· The garage door must be installed
in 2009 or 2010.
· The garage door is expected to
remain in service for at least five
years.
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