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New Stimulus Tax Credits for 2009

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  • New Stimulus Tax Credits for 2009

    It's also called The American Recovery and Reinvestment Act of 2009

    Most homeowners are not aware of this so we are sending fliers out to notify. Pretty big changes from last year.

    This is only for primary residences

    Here are the highlights:
    • The tax credits that were previously effective for 2009, have been extended to 2010 as well.
    • The tax credit has been raised from 10% to 30%.
    • The tax credits that were for a specific dollar amount (ex $300 for a CAC), have been converted to 30% of the cost.
    • The maximum credit has been raised from $500 to $1500 for the two years (2009-2010). However, some improvements such as geothermal heat pumps, solar water heaters, and solar panels are not subject to the $1,500 maximum.
    • The $200 cap on windows has been removed, but the requirements for windows has been increased significantly. Not all ENERGY STAR qualified windows will qualify.
    Regardless of how some of you may feel towards tankless water heaters, this will bring in work for me when we need it most.
    Ther is a bit of a loophole for customers filing separately. EACH can make claim for the $1,500. One for tankless heater the other for say high efficiency boiler or whatever

    You can read about it here:

  • #2
    Re: New Stimulus Tax Credits for 2009

    Thanks for the info Brother !!!


    • #3
      Re: New Stimulus Tax Credits for 2009

      More info:

      Here is the Database for State Incentives for Renewables and Efficiency (DSIRE) broken down by state:

      I noticed that Washington, DC has just a few incentives while California had hundreds

      Other notable websites to check out

      We will be in the market for a new car next year for the wife and some of the incentives for hybrid electric cars and trucks are pretty enticing


      • #4
        Re: New Stimulus Tax Credits for 2009

        Been watching some of this too PC. Thanks for the info. Other threads show the negative of the economy & administration. They SHOULD be recognized and accounted but in business you can make an effort and find the positive also.

        Spoke to the first plumber I worked with on the phone. He's looking to put some Solar into his house. For the first time he thinks it might actually be worth it. (As opposed to all of the B.S. in the past of how it would pay off)

        If I read right:

        There is a 30% no limit federal tax rebate.
        There is a 35% no limit NC rebate.


        NC State University keeps sending me stuff about Solar Training & Certifications. Do I want another thing to fill my small brain?