All BURNETT, Inc. products will qualify for the specifications required to obtain the tax credit.

Update to Tax Credits

“The recently passed American Recovery & Reinvestment Act includes, extends, and/or amends many consumer tax incentives originally introduced in the Energy Policy Act of 2005 (EPACT).” (U.S. Department of Energy)

What is this revised tax credit?

“Consumers who purchase and install specific products, such as energy-efficient windows, insulation, doors, roofs, and heating and cooling equipment in the home can receive a tax credit of up to $1,500 for improvements "placed in service"*, starting January 1, 2009 through December 31, 2010.” (U.S. Department of Energy)

Tax credits vs. Tax deductions

“A tax credit is generally more valuable than an equivalent tax deduction because a tax credit reduces tax dollar-for-dollar, while a deduction only removes a percentage of the tax that is owed. Consumers can itemize purchases on their federal income tax form, which will lower the total amount of tax they owe the government.” (U.S. Department of Energy)

What energy-efficient home improvements are eligible?

When are they available?

Beginning January 1, 2009 through December 31, 2010 for all improvements “placed in service”*

What do I need to do to get the tax credit?

You will need to file the appropriate IRS form, form 5695 Residential Energy Credits, with your taxes. In addition, you will need to provide your purchase receipts and the manufacturer’s certification statement which BURNETT will be providing.

U.S. Department of Energy. 21 Oct. 2008. U.S. Department of Energy. 18 Nov. 2008
(http://www.energy.gov/taxbreaks.htm)

* The IRS defines "placed in service" as when the property is ready and available for use.
** Subject to a $1,500 maximum per homeowner for all improvements combined.
*** Rate of heat loss.
**** “Solar Heat Gain Coefficient” or the rate of heat gain.