Get an energy tax credit of up to $1500!
With the recent signing of the American Recovery and Reinvestment Act of 2009 (ARRA), the tax credits for energy-efficient home improvements that were originally part of the Energy Policy Act of 2005 have been reinstated, extended and increased.
Now is the time to increase your home's energy efficiency, lower your taxes and utility bills and reduce your impact on the environment. The American Recovery and Reinvestment Act entitles you to an energy tax credit of up to $1,500 on energy-efficient building materials like insulation and roofing.
You can take the energy tax credit in 2009 and/or 2010 and you'll save money for years to come! According to the ENERGY STAR® program, installing adequate insulation or adding a solar reflective roof can save you money on utility bills. And you'll be reducing your carbon footprint by using less oil, gas and electricity.
Learn how to claim your credit.
Unlike a manufacturer's rebate, you do not get money back when you purchase qualified products. Instead, you claim a credit on your federal income tax return. This credit reduces the tax you owe, dollar-for-dollar, increasing your refund or decreasing the amount you have to pay. In order to claim the tax credit, you will need:
- CertainTeed Manufacturer’s Certification Documents
- Receipts, if you purchase materials directly, or itemized bills from your contractor, showing the amount spent on qualifying materials.
Save this information; you will need it when you or your tax professional prepares your tax return.
The American Recovery and Reinvestment Act tax credit covers 2009 and 2010 and is applied to a maximum of $5,000 in total qualified purchases over both years. You may take the full tax credit in either year, or spread the total over two years, but the maximum two-year tax credit is 30% of $5,000, or $1,500.
