Garage doors installed in 2009 or 2010 may be eligible for a tax credit of 30% up to $1,500.
The stimulus legislation enacted in Feb 2009 provides tax credits for energy efficient home improvements, including qualifying insulated garage doors. By acting now that $1,500 insulated garage door energy savings tax credit can go along way towards paying for your purchase. (Installation costs are NOT covered for garage doors, just the cost of the garage door itself is covered by the tax credit.)
The tax credit works like this:
- The garage door must be installed between Jan. 1, 2009 and Dec. 31, 2010.
- Your tax credit is based on the total material cost of the garage door purchase (the cost of installation does not qualify).
- Your tax credit is equal to 30% of the total qualifying garage doors material cost up to a maximum of $1,500.
- The garage door must have a U-factor equal to or less than 0.30. If the door contains windows, the door must offer a Solar Heat Gain Coefficient (SHGC ) equal to or less than 0.30.
- The garage door must be an insulated residential garage door.
- The door perimeter must have a means to control air infiltration, leaks.
- The garage door must be expected to remain in service for at least five years.
- The garage must be part of the taxpayer’s principal U.S. residence. It does NOT have to be attached to the residence.
Tags: Garage Door Replacement, Green Garage Door, Insulated Garage Door, New Garage Door, Tax Credit
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