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AAMA Supports Legislation Linking Tax Credits to Energy Star
Would replace current .30/.30 standard
News Release
October 22, 2009
HousingZone
The American Architectural Manufacturers Association (AAMA) members are voicing their support for proposed legislation that would make it easier for consumers to take advantage of the economic stimulus package's tax credit toward energy-efficient windows, doors and skylights that are appropriate for their region. Introduced this week by Sens. Jay Rockefeller (D-WV) and Chuck Grassley (R-IA), the bill (S.1792) changes the eligibility standard to allow Energy Star-rated products to qualify for home improvement tax credits specified in the American Recovery and Reinvestment Act of 2009. Previously, windows and doors were required to attain a value of 0.30 or less for both U-Factor and Solar Heat Gain Coefficient. The Energy Star requirements effective in 2010 are inclusive of skylights, as well as windows and doors, with the performance targets tied to four different U.S. regional climate zones.
"Energy Star is widely recognized and aligning the tax incentive with Energy Star will facilitate recognition of qualifying windows, doors and skylights. Moving the tax credit from the .30/.30 standard to the 2010 Energy Star standards eliminates confusion among consumers and will facilitate their selection of products that qualify for the tax credit and are tailored to meet the specific heating and cooling challenges of the climate zone where they live," said Rich Walker, AAMA president and CEO. "In short, these tax credits help to build consumer demand for energy-saving technology, create thousands of jobs, save precious energy resources and reduce consumer energy bills."
Sen. Grassley shared this sentiment and said, "It creates incentives for window and door manufacturers to create new jobs in this struggling economy."
Sen. Rockefeller also emphasized, "We need to make it easier for people to understand and be able to take advantage of these tax credits, so they can get more for their money, particularly during these tough economic times."
If passed, the Rockefeller-Grassley bill will apply to purchases in 2010. 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. The maximum amount of homeowner credit for all improvements combined is $1,500 during 2009 and 2010.
© 2009, Reed Business Information, a division of Reed Elsevier Inc. All Rights Reserved.
