ENERGY TAX CREDIT

On December 17, 2010, the H.R.4853 <http://www.gpo.gov/fdsys/pkg/BILLS-111hr4853enr/pdf/BILLS-111hr4853enr.pdf>  bill was signed by President Obama that extended the American Recovery and Reinvestment Act of 2009 to include the year 2011.  However, this bill did not include the extension of the energy tax credit for garage doors.
 
Since 2007, the IRS has allowed qualified garage doors with performance values equal to or below a U-factor of 0.30 and SHGC of 0.30 to be eligible for a tax credit.  Therefore, the garage door industry’s Door and Access Systems Manufacturer’s Association (DASMA) is considering renewing its efforts to regain the tax credit for garage doors for 2011 when the 112th Congress convenes in January 2011.

Frequently Asked Questions:

Q:  Does Amarr have product that qualifies for consumer energy tax credits?
A:  Based on the bill signed on December 17, 2010, garage doors do not qualify for the energy tax credit.
 
Q:  Garage doors previously qualified for the energy tax credit.  Why aren’t they included for 2011?
A:  Based on the bill signed on December 17, 2010, garage doors were not included in the extension of the energy tax credit.
 
Q:  Is there any chance that garage doors will qualify for the energy tax credit in 2011?
A:  Since the IRS allowed garage doors that met the qualifications to be eligible for the energy tax credit, the garage door industry’s Door and Access Systems Manufacturer’s Association (DASMA) is considering renewing its efforts to regain the tax credit for garage doors for 2011 when the 112th Congress convenes in January 2011.