March 2010

Taxing issues

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Homeowners and business owners must meet different requirements to obtain energy-efficiency tax credits

by Joan P. Crowe, AIA
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American humorist Will Rogers offered an insightful observation about U.S. government when he declared: "The only difference between death and taxes is that death doesn't get worse every time Congress meets."

Although this may have rung true many times during the course of history, Congress has made some recent attempts to offer tax relief to the public, including passing several acts providing tax incentives for individuals and business owners who make energy-efficient improvements to their homes or businesses. One way to do so is by improving a building envelope, which often entails making improvements to the building's roof system. As a result, there are some roofing-related incentives of which taxpayers may want to take advantage.

Unfortunately, many homeowners and business owners don't clearly understand what needs to be done to obtain the tax credits; a primary reason for confusion is the requirements for homeowners and business owners differ.

Web exclusive: Click below for more information.
Tax facts

ENERGY STAR-qualified product list

DOE's list of software for determining energy and power consumption and costs

ASHRAE's Interactive 90.1-2001 Compliance Forms

IRS Notices 2006-52 and 2008-40

NRCA's White Papers addressing ARRA

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