American Recovery and Reinvestment Act of 2009
Michael J. Brazil
On February 17, 2009 President Obama signed into law the American Recovery and Reinvestment Act of 2009. This $789 BILLION dollar package designed to stimulate economic activity has a specific piece of legislation attached to it that may provide opportunity for YOU in 2009 and 2010 and perhaps beyond.
The new law incorporates a significant incentive for homeowners to install asphalt shingles that achieve compliance with Energy Star guidelines for solar reflectivity.
Specifically, the new law will enable homeowners to receive up to a $1,500 tax credit if they install an Energy Star rated roofing product. Here is a list of details:
1) The tax credits that were previously effective for 2009 have been extended to 2010 as well.
2) The tax credit has been raised from 10% to 30%.
3) The tax credits that were for a specific dollar amount (ex $300 for a CAC); have been converted to 30% of the cost.
4) The maximum credit has been raised from $500 to $1,500 for the two years. (2009-2010)
With the new government incentives, Brazil Quality Roofing, Inc. your roofing contractor of choice, has the opportunity to offer a premium product option to the homeowner, which can be funded in large part, if not entirely, through this new tax credit.
Your local municipality or energy provider may offer additional incentives beyond this federal program.
This information was brought to us by Certainteed corporation. www.Certainteed.com.
Certainteed has released their new product “Landmark Solaris” which carries a Limited Lifetime Warranty and is Energy Star approved, hence, eligable for the Tax Credit. See Certainteed’s website for more information.
Brazil Quality Roofing, Inc. is a Master Shingle Applicator for Certainteed Prodcuts making homeowners eligable to purchase an extended warranty through Brazil Quality Roofing, Inc. and Certainteed. Contact us for more information!