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Oct 4, 2011
ENERGY STAR and the Tax Credit

"The following guidance is not intended as legal advice, and you should consult a tax professional with specific questions.

2011 Tax Credit

On December 17, 2010, President Barack Obama signed into law the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. Under this law, homeowners may claim a tax credit for the purchase of energy-efficient windows, doors, and skylights.

To be eligible for the credit, windows, doors, and skylight must

Homeowners may receive a tax credit equal to 10% of the product cost (installation may NOT be included) up to

  • $200 for eligible windows and skylights
  • $500 for eligible doors

Homeowners may receive no more than $500 total for all energy efficiency tax credits. These caps are also the new "lifetime limits" for the taxable years of 2006 to 2011. If you claimed an energy efficiency credit in a previous taxable year, please consult a tax professional to determine your remaining eligibility for this credit.

The Internal Revenue Service (IR has not yet made a determination as to what documentation a homeowner must retain when claiming this tax credit. Until IRS issues a guidance document for this tax credit, homeowners should save all available documentation, such as purchase receipts, ENERGY STAR labels, and manufacturers' certification statements. Additional information will be provided if and when it is made available from the IRS.

2009-2010 Tax Credit

As of June 1, 2009, windows, doors, and skylights with U-factor and Solar Heat Gain Coefficient (SHGC) ratings of less than or equal to 0.30 are eligible for a federal tax credit of 30 percent of the product price, up to $1,500. Although it seems complicated to determine which products meet those requirements, ENERGY STAR makes it easy. Look for the following ENERGY STAR labels and you can be sure the product you are buying is eligible for the tax credit.

Windows and Skylights
ENERGY STAR Qualified 
in Highlighted Regions
This image shows an ENERGY STAR product qualification label for windows and skylights. The product label states “ENERGY STAR Qualified in Highlighted Regions” at the top and has an ENERGY STAR certification mark on the left. On the right is a map of the United States with the Northern, North-Central, and South-Central Zones highlighted to show where this product qualifies. To learn more about ENERGY STAR climate zones, please contact ENERGY STAR for Windows, Doors, and Skylights at windows@energystar.gov.

See how the label might appear on the window.

ENERGY STAR Qualified 
in All 50 States
This image shows an ENERGY STAR product qualification label for windows, doors, and skylights. The product label states “ENERGY STAR Qualified in All 50 States” at the top and has an ENERGY STAR certification mark on the left. On the right is a map of the United States which is completely highlighted to show that the product qualifies throughout the United States.

See how the label might appear on the window.

Doors This image shows an ENERGY STAR product qualification label for doors. The product label states “ENERGY STAR Qualified in All 50 States” at the top and has an ENERGY STAR certification mark on the left.

This image shows an ENERGY STAR product qualification label for doors. The product label states “ENERGY STAR Qualified in All 50 States” at the top and has an ENERGY STAR certification mark on the left. Beneath this, the label reads “Does this door meet the criteria for its glazing level? (Check only one box)” and is followed by a table. The table outlines the qualification criteria for each glazing level, followed by a column headed “Yes” where the manufacturer is to check, indicating the product qualifies for that glazing level. The first row includes the opaque, the second includes quarter or half-lite (less than or equal to half-lite), and the third includes three-quarter or full-lite (greater than half-lite). Opaque doors must have a U-factor of 0.21 or less and there is not requirement for SHGC. Less than or equal to half-lite doors must have a U-factor of 0.27 or less and an SHGC of 0.30 or less. Greater than half-lite doors must have a U-factor of 0.32 or less and an SHGC of 0.30 or less.

Doors with a checkmark in the "¼ or ½ Lite" or "Opaque" row are eligible for the tax credit.

Windows, Doors, or Skylights This image shows an ENERGY STAR product qualification label for windows, doors, and skylights. The product label states “ENERGY STAR Qualified in All 50 States” at the top and has an ENERGY STAR certification mark on the left.

This label may also appear on some eligible windows, doors, or skylights.

 

Although not required like the labels shown above, this ENERGY STAR label helps identify tax-credit-eligible products:

Tax Credits label: Eligible for up to $1,500 Federal Tax Credit. U-factor and SHGC ≤ 0.30 required. Must be installed in 2009 or 2010. More Details on the Tax Credit

On February 17, President Obama signed into law the American Recovery and Reinvestment Tax Act of 2009. This bill extends and modifies the tax credits for windows, doors, and skylights established in the Energy Policy Act of 2005. The following guidance is not intended as legal advice, and you should consult a tax professional with specific questions.

Qualifying products purchased between January 1, 2009 and December 31, 2010 are eligible for a tax credit equal to 30 percent of the product cost. Installation is not included; be sure to obtain an itemized invoice from your retailer or installer. The maximum amount of homeowner credit for all improvements combined (including roofing, insulation, HVAC, and water heaters) is $1,500 during 2009 and 2010.

Products Purchased before June 1, 2009

Criteria: Windows, doors, and skylights purchased before June 1, 2009 must meet or exceed the prescriptive criteria established by the 2001 Supplement of the 2000 International Energy Conservation Code (IECC) or the 2004 Supplement of the 2003 IECC for the climate zone in which the product is installed.

Documentation: For windows and skylights, homeowners may use either ENERGY STAR labels or manufacturer certification statements to document eligibility for the tax credit. Doors are required to have a manufacturer certification statement.

Products Purchased on or after June 1, 2009

Criteria: Windows, doors, and skylights purchased on or after June 1, 2009 must have U-factor and Solar Heat Gain Coefficient (SHGC) ratings of 0.30 or less. These ratings must be certified by the National Fenestration Rating Council (NFRC). Look for the NFRC label. NFRC is the only federally recognized organization for determining the energy performance of windows, doors and skylights. Please see the NFRC website Exit ENERGY STAR for information concerning product performance.

Documentation: Homeowners must obtain a manufacturer certification statement to document window, door, or skylight eligibility for the tax credit. If the retailer or installer cannot provide this document, it may be available on the manufacturer's Web site."

Source: http://www.energystar.gov/index.cfm?c=windows_doors.pr_taxcredits 

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Posted: Oct 4, 2011 2:35pm
Dec 18, 2010
10 Best Tax Strategies for Property Managers
Prioritize now and take advantage of new tax incentives... click on live link in title above


294 Units, Two Landlords, One Enormous Clean Up Tab
HUD, EPA settle with landlords in uncommon joint prosecution...click on live link in title above
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Posted: Dec 18, 2010 11:31am
Dec 14, 2010

Everyone knows that the "deal" that President Obama agreed to with Republicans will extend George W. Bush's reckless millionaire tax bailout—but what a lot of folks don't realize is that there are lots of other terrible parts of it, too.

Unemployed Americans desperately need their benefits extended to get by in this economy—so Republicans held them hostage to force through a slew of horrible economic policies in this deal. Here are just a few that you might not have heard about. 

Share the list by going to http://pol.moveon.org/taxdealproblems?id=25497-8424909-Y2USoxx&t=3 

If you're on Facebook, share it by clicking here. If you're on Twitter, tweet it here.

Top 5 Problems with the Tax Deal

Problem #1: The deal is a stealth attack on Social Security.

The deal will lower the payroll tax—the tax that funds the Social Security trust. This is a trap for Democrats. Republicans have been coming after Social Security for years and this cut is the biggest threat to the vital program in decades. It will cut one-third of Social Security's funding this year alone and when we need to restore the payroll tax back to its current level, Republicans will cry "tax increases" and could gut it permanently. 1

Problem #2: For nearly one in three workers, it's a tax increase.

Nearly 50 million working Americans—including all workers making less than $20,000 per year—and millions of federal, state, and municipal workers will see their taxes go up because of the deal.2

Problem #3: The deal has not one but TWO millionaire bailouts. 

In addition to extending all the Bush income tax breaks for the top 2%, the deal will slash the estate tax. If Congress did nothing, next year the estate tax would be 55% and apply to everyone inheriting $1 million or more. But the deal reduces it to 35% and only people who inherit more than $5 million will have to pay. This second bailout will give a gigantic tax giveaway to a few thousand of the richest families in the country and add hundreds of billions to the national debt.3

Problem #4: Unemployment help is insufficient and inadequate.

While the deal extends unemployment benefits for another 13 months for people currently receiving it, millions of unemployed workers who've struggled the most and been out of work more than 99 weeks—since the giant Wall Street banks wrecked the economy—will get no help at all under the deal.4 It's a gamble that there will be jobs in the next 13 months when the insurance runs out, but the tax cuts will go well beyond that. Better to just pass a stand-alone unemployment extension to help all struggling Americans.

Problem #5: Tax giveaways to the rich are a terrible way to create jobs.

Tax breaks for the rich are the least efficient way to create jobs and help the economy grow. In fact the nonpartisan Congressional Budget Office says extending all tax cuts would lower unemployment only 0.1% to 0.3% over the next year5 and that the cost of the tax deal would be $900 billion over the next five years.6

We've got to stop this deal and make sure everyone understands what's really in it. Can you share this list now?

Thanks for all you do.

–Nita, Robin, Milan, Wes, and the rest of the team

Sources:

1."Tax Cut Deal A Hidden Threat To Social Security," The Huffington Post, December 8, 2010 
http://www.moveon.org/r?r=205508&id=25497-8424909-Y2USoxx&t=6

2. "Obama-Republican Deal Could Mean Tax Hike For One In Three Workers," The Huffington Post, December 10, 2010 
http://www.moveon.org/r?r=205509&id=25497-8424909-Y2USoxx&t=7

3. "Estate tax deal: worst part of a bad tax compromise," The Christian Science Monitor, December 7, 2010 
http://www.moveon.org/r?r=205510&id=25497-8424909-Y2USoxx&t=8

4. "Unemployment benefits: Extension won't help '99ers'," The Christian Science Monitor, December 7, 2010 
http://www.moveon.org/r?r=205511&id=25497-8424909-Y2USoxx&t=9

5. "The Deal," Paul Krugman, The New York Times, December 7, 2010 
http://krugman.blogs.nytimes.com/2010/12/07/the-deal/

6. "CBO score shows tax plan ups deficit $900 billion in 5 years," CNN.com, December 10, 2010 
http://www.moveon.org/r?r=205512&id=25497-8424909-Y2USoxx&t=10

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Posted: Dec 14, 2010 1:26pm
Feb 7, 2009
Please note news; Gainesville Florida First US City to Be Powered 100% With Solar Power Tariff System

Green Lifestyle  (tags: environmentenergy,green livingsustainabilitysolartaxtariff,GainesvilleFlorida ) 

Customers to be Paid 32 Cents Per kWh If, as expected, the Florida Public Service commission approves it, GRU customers will be able to sign up for the program from March 1. If they sign up within the first two years they will receive a price guarantee.
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Posted: Feb 7, 2009 10:17pm
Aug 24, 2006
http://cf.kcra.com  if this link does not work go to;


http://www.kcra.com/index.html 

Look for daily extras section in middle of this page. 

Click on the links above to vote. Ignore the voting stuff down below this section. Thanks. 

Imported from external blog

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Posted: Aug 24, 2006 6:16pm

 

 
 
Content and comments expressed here are the opinions of Care2 users and not necessarily that of Care2.com or its affiliates.

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