Tax Credits: Replace Your Garage Door

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.

The new tax credits are available for qualifying garage door purchases “placed in service” from Jan. 1, 2009, through Dec. 31, 2010.

To be eligible for the tax credit, the purchased garage door must meet all of the following criteria:
•The door must be an insulated residential garage door.
•It must be installed on an insulated garage.
•The door must have a U-factor equal to or less than 0.30, even if the door contains glazing.
•The door perimeter must have a means to control air infiltration.
•The door must be expected to remain in service for at least five years.
•The garage must be part of the taxpayer’s principal U.S. residence.

This kind of opportunity may never happen again in your lifetime. How often has the government helped you purchase a garage door or upgrade your home? If you play your cards right, this tax-credit promotion can help you make the improvements to your home that you never dreamed you would be able to in a down economy.

For detailed information visit garagewownow.com