ENERGY TAX CREDIT--BAILOUT INCLUDES GARAGE DOORS

BAIL OUT INCLUDES GARAGE DOORS!

Wow, it's just come to our attention that the $700 Billion Dollar Bailout includes garage doors! How cool is that to know?

Here are some key points you need to know: Tax credits in 2008 are available for insulated garage door purchases.

• The extension is part of the Energy Improvement a Extension Act of 2008, signed into law by President Bush on October 3, 2008. (H.R. 1424)
• Applies to an insulated garage door installed on an insulated garage qualifies for the energy tax credit, as long as it is part of the taxpayer's principal residence, has a U-factor equal to or less than 0.35, and has a means to control air filtration at the door perimeter. (Same criteria as previous.)
• The maximum amount that a tax payer may claim from all of these tax credits combined is $500 over the lifetime of the tax credt (2006, 2007, & 2009). (If a taxpayer already claimed the full $500 credit in 2006-2007, no further tax credits are available.)
• Manufactures should be encouraged to provide a Manufacturer's Certification Statement (or its equivalent) that proves the product is eligible.

(Above information collected from Door & Access Systems Manufacturerers Association DASMA)