WDweekly Extra | April 29, 2009
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Special Update...

Energy Star Label Qualifies Some Products For Now

Windows and skylights meeting current Energy Star requirements are currently eligible for energy efficient tax credits established unter the American Recovery and Reinvestment Act, according to an April 22  Internal Revenue Service press release.  That eligibility, which would mean these products would not have to have a U-factor of less than .30 and a SHGC of less than .30 to qualify, is scheduled to end June 1, or "until guidance is released."

Headlined "Energy-Saving Steps This Year May Result in Tax Savings Next Year," the IRS relesase says,  "homeowners generally may continue to rely on manufacturers’ certifications that were provided under the old guidance. For exterior windows and skylights, homeowners may continue to rely on Energy Star labels in determining whether property purchased before June 1, 2009, qualifies for the credit." 

Acknowledging the stricter 30/30 requirements for tax credits written into ARRA, the IRS notes, "Homeowners should be aware that the standards in the new law are higher than the standards for the credit that was available in 2007 for products that qualify as 'energy efficient' for purposes of this tax credit. The IRS will issue guidance that will allow manufacturers to certify that their products meet these new standards."

A number of window manufacturers had become aware of the IRS statement and had started notifying customers that Energy Star labeled products would qualify for the tax credit, even if they didn't meet the 30/30 requirements. Window & Door confirmed with knowledgeable sources that such an interpretation is correct, based on what IRS officials are saying now.  Those same sources also offered some caveats.  First, the June 1 date could change once the "official guidance" is released, and second, the interpretation of what products might qualify for the tax credit. 


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The Talk...

 

John Swanson, 
editor/associate publisher of Window & Door

We heard some rumors yesterday about manufacturers telling their customers that an Energy Star label is enough to qualify products for earning stimulus tax credits for energy efficient products.

Well, apparently, those manufacturers are correct.  We did our best to confirm for now, and thought we should share the news.

We hope you appreciate the extra WDweekly update this week.

 

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