Homeowners understand the value of saving money, whether it means making smart purchases or turning down the a/c. However, some are unaware of all of the long-term energy saving solutions that can help stretch that buck.
Last year, the federal government implemented the American Recovery and Investment Act. It contains many incentives for homeowners to upgrade energy inefficient products, while saving money and stimulating the economy. Consider upgrading your garage door and take advantage of this government tax credit.
Why should I upgrade?
1. Save money now. This is one of the biggest reasons that millions of homeowners are using to upgrade their garage door before the end of the year. The tax credit will save you up to 30% of the door’s cost. This means you can save hundreds of dollars before the program expires.
Additionally, many dealers are offering other attractive incentives to bring business in during the current economy.
2. Save money later. A well-insulated garage will maintain a regular temperature, keeping you warm in the winter and cool in the hotter months. This will save you money each month in heating and air conditioning bills, especially if your garage is attached. Over time, this can add up!
3. Aesthetics. Garage doors are one of the biggest highlights of the front of your home. It can add nice flair to your home and even raise your property value. There are many styles of insulated doors to choose from – you won’t be pigeon-holed into standard designs. Buying a new one can give you the opportunity to update your home.
4. Noise Reduction. The additional insulation can help cut down on outside noises. This can be a great benefit if you live on a busy street.
How much money can I save?
If you have bought a garage door since February 2009 or plan on getting one installed before the end of 2010, you can potentially save hundreds of dollars with this tax credit.
The energy credit will cover 30% of all energy reducing home improvements, up to $1500. This will includes the cost of the materials, not the installation fees. The credit also includes all qualifying energy improvements you have made to your home in the 2009 or 2010 tax year.
Are there any restrictions?
1. The door must be installed between January 2009 and December 2010
2. Only doors with a U-rating of.30 or less will qualify
3. Any windows on the garage door must have a solar heat gain co-efficient of.30 or less
4. The garage itself must be insulated.
5. The garage must be located in your primary residence.
6. This tax credit covers 30% of the garage door cost, up to $1500
7. Installation costs are not covered by the tax credit
Which doors qualify?
Most service installation companies maintain a network of several door manufacturers. While not all doors qualify, the company will most likely have access to several energy efficient options. Some of the major brands that have qualifying energy efficient garage doors include and Amaar, Clopay, Raynor, and Wayne-Dalton.
How can I get started?
To get started, contact your favorite or local garage door company. They will work with your practical and aesthetic needs to find your perfect energy efficient door. More importantly, they can answer all questions you may have about taking advantage of this program.
Your service company will provide you with a Manufacturer’s Certification from the manufacturer. This will include a breakdown of the material costs for your personal reference. It does not need to be submitted with your federal tax return.
This energy tax credit program will expire at the end of the year. Now is the perfect time to replace your old garage door.
Aaron Moore has over 15 years of experience in the garage door industry. He is the owner of Aaron’s Door Service, a Middle Tennessee garage door service company. Aaron’s Door Service provides high-quality garage door installation, repair, and replacement service for Nashville, TN and the surrounding communities.