AAMA voices support for tax credit changes

by Jonathan McGaha | September 16, 2010 12:00 am

Senate Finance Committee Chair Max Baucus (D-MT) introduced the Job Creation and Tax Cut Act of 2010. If enacted, the bill will link the 25(c) fenestration tax credits to 2010 ENERGY STAR Program Requirements for Residential Windows, Doors, and Skylights, Version 5.0 (or any subsequent version of such requirements which is in effect after January 4, 2010). The tax credit is currently tied to the .30 U-factor/.30 SHGC. “Replacing the .30/.30 standard with the ENERGY STAR standards simplifies the process of purchasing fenestration products for the home, and of obtaining the tax credit for purchasing energy-efficient products.” said Rich Walker, American Architectural Manufacturers Association president and CEO. The $1,500 tax credit which was included in the American Recovery and Reinvestment Act currently limits the tax credit to the purchase of windows and doors which are equal to or below a U-factor of .30 and SGHC of .30. The Job Creation and Tax Cut Act states that from the day the legislation is signed into law through 90 days after the passing of the legislation, both products that meet the .30/.30 standard as well as ENERGY STAR-labeled products will qualify for the tax credit. After this 90 day period, only ENERGY STAR-labeled products will qualify.

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