Hey Guys, if you buy a Falcon Foam garage Door Kit, you can get a tax credit!
Take a look:
Up to 30% of your purchase price may qualify for an income tax credit. A tax credit is deducted directly from your taxes owed. Please consult the Internal Revenue Service at www.irs.gov or your tax advisor for specific advice.
The American Recovery and Reinvestment Act of 2009
On February 17, 2009, President Obama signed the American Recovery and Reinvestment Act of 2009 (ARRA), H.R. 1, the “second stimulus bill”. The Act provides tax credits for the private sector and increases public sector spending that focuses on infrastructure and buildings.
Consumer Tax Credits
• ARRA extends, expands and simplifies federal income tax credits originally established under the Federal Energy Policy Act of 2005 (EPACT 2005) for homeowners who make energy efficiency home improvements. The Act Extends the consumer tax benefits through 2009 and 2010.
• Windows, doors, insulation, and roofs must be expected to last at least five years (a two year warranty is sufficient to demonstrate this). Manufacturers can certify which of their products qualify for the tax credit. (See our website for Manufacturer’s Certification.)
• Homeowners may claim up to a $1,500 credit to make specific energy efficiency home improvements with the purchase and installation of energy efficient products, such as insulation, in their principal residence.
• To reach the overall $1,500 cap, a homeowner may deduct up to 30% of the cost of insulation (but not the installation). The Internal Revenue Service has confirmed that taxpayers who claimed less than the total $1,500 credit in 2006 and/or 2007 (under EPACT 2005) can claim the unused portion in 2009 and 2010. Taxpayers who want to file for part or all of the new energy tax credits should consult their own tax advisors for specific advice.
Obviously, you’ll want your garage door insulation project to be part of a large energy efficiency makeover ot take the best advantage of this program. If you want to take a shot at this project, please Buy Your Garage Door Insulation Kit Here and we’ll send one right out.
