Craigue And Sons Home Exteriors- New Hampshire

Tax Credits

On February 17, 2009, President Obama signed a revolutionary stimulus bill, also known as The American Recovery and Reinvestment Act (ARRA) of 2009, that called for significant changes to the energy efficiency tax credits. Windows will require both a U-Factor and a SHGC (solar heat gain coefficient) both less than or equal to 0.30 in order to be eligible for the new credits.

The recent Stimulus package enacted by the federal government includes provisions that increase tax credits for energy efficient improvements. There are many products that potentially qualify for these credits including Harvey windows and doors.

The amount of the credit is 30% of the product cost, up to $1500, for all qualifying products installed in the homeowner's existing principal residence in 2009 and 2010.
The federal government requires that the homeowner keep an invoice, provided solely by their contractor, that clearly identifies what qualifying products were purchased and the cost for each product not including labor.
Must have a U-value less than or equal to .30 AND a solar heat gain coefficient (SHGC) less than or equal to .30.
Storm Products must meet the following criteria in order to qualify:

Storm Windows:

A storm window that, in combination with the exterior window over which it is intalled
Has a U factor and SHGC of 0.30 or below, and;
Meets the prescriptive criteria for such component established by the IECC

Please check with your window manufacturer to see what exterior windows qualify

Storm Door:

A storm door that, in combination with the exterior door over which it is intalled
Has a U factor and SHGC of 0.30 or below, and;
Meets the prescriptive criteria for such component established by the IECC

Please check with your door manufacturer to see what exterior doors qualify

Please note the following:

The IRS recently shifted its policy on what windows can qualify for the new federal tax credits established by the ARRA. All Energy Star qualifying windows could be eligible for up to $1500 in federal tax credits if purchased before June 1st. After June 1st, only windows with U and SHGC values of .30 or below will qualify. As always, you should consult your tax professional for a definitive assessment of this program.
In virtually all cases, windows must contain Low-E as part of the glazing package in order to be Energy Star qualified.
Not all Energy Star products will qualify for a tax credit.
IRS form 5695 (available later this year) will need to be submitted with the 2009 or 2010 tax return.

CLICK HERE for a manufacturer’s certification for qualified Harvey products. This should be saved along with contracts, contractor invoices, and/or NFRC/Energy Star labels for future reference.

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