Insulated garage doors offer energy savings, tax credit and style. The U.S. government is offering financial incentives to homeowners to buy qualifying insulated garage doors. Under the stimulus legislation signed by President Obama on Feb, 17, 2009, tax credits for energy-efficient home improvements have been extended and increased significantly. That means that adding a new garage door in 2009 or 2010 can save you money by helping to lower home energy consumption and costs, AND it will help pay for itself this year through the tax credit incentive. Important details regarding the tax credit:
- The new tax credits are available for qualifying garage door purchases “placed in service” from Jan. 1, 2009, through Dec. 31, 2010. Garage door purchases made in 2008 are not eligible for the tax credit.
- The maximum tax credit that a taxpayer may claim from all qualifying improvements combined is 30 percent the cost of each product and $1500 over the lifetime of the tax credit periods (2009 and 2010).
For more details about the financial incentives for buying a more efficient garage door like, how to identify an eligible garage door or to help calculating the credit for the new door please read this pdf.
