Federal Stimulus Money Available to Local Homeowners

March 26, 2009

Federal Stimulus Money Available for Local Homeowners

The Milwaukee/NARI Home Improvement Council, Inc., the area’s leading home improvement and remodeling industry resource for more than 47 years, reminds homeowners that the American Recovery and Investment Act of 2009 provides incentives to undertake energy efficient repairs and remodeling. “The credit is up to 30 percent of the amount spent with a $1,500 cap,” said Tom Kammerait, CPA with von Briesen & Roper, s.c., a Milwaukee/NARI member.

This includes energy-efficient windows, doors, appliances, heating systems, or alternative energy products if they are installed within the next two years. The type of products eligible for these tax credits include, but are not limited to:

• Replacement Windows and Skylights

• Insulation (excluding Exterior Siding)

• Energy Star Appliances

• Solar Water Heating Systems

• Exterior Doors

• Metal and Asphalt Shingle Roofs

• Central Air Conditioning, Heat Pumps, Furnaces, and Boilers

• Water Heaters

• Wind Turbines

• Geothermal Heat Pumps

• Solar Photovoltaic Panels

To be eligible for the tax credit, the products must have the Manufacturer Certification Statement or Energy Star Labels and Kammerait advises homeowners to keep all documents and receipts.

First-time homebuyers also benefit with a tax credit of $8,000 through Nov. 30, 2009. “So long as a homeowners stays in his or her residence for at least 36 months, the credit does not need to be repaid,” Kammerait said. “This credit begins phasing out for individuals with an adjusted gross income of $75,000 or for married individuals filing jointly with an adjusted gross income of $150,000. “As always, you should check with your own tax advisors on how this information might apply to your situation,” Kammerait said.

For additional information, visit www.irs.gov/newsroom/article/0,,id=204335,00.html or www.energystar.gov.

The Milwaukee/NARI Home Improvement Council was chartered in July 1961, as a Chapter of the National Home Improvement Council. In May of 1982, the National Home Improvement Council merged with the National Remodelers Association to form NARI – the National Association of the Remodeling Industry. With over 900 members, the Milwaukee Chapter is the largest in the nation. The Council’s goals of encouraging ethical conduct, sound business practices, and professionalism in the remodeling industry have led to the growth of the remodeling industry nationwide and made NARI a recognized authority in that industry.

For more information on the Milwaukee/NARI Home Improvement Council or to receive a free copy of the annual membership roster listing all members alphabetically and by category, and the booklet “Milwaukee/NARI’s Remodeling Guide”, call (414) 771-4071 or visit the Council’s Web site at www.milwaukeenari.org.

 

Community Watch

» Miles from home: Greendale's Hilborn to compete in Olympics marathon — for Latvia Updated:  7/29

» Initial Reaction Podcast: Menomonee Falls baseball virtuoso Ty Weber and Big Ten Media Day Updated:  7/29

» Franklin Night Out Aug. 1 to kick off national event the following day 7/29

» Franklin resident Darlene Habanek to present at Quilt Expo in Madison 7/29

» Hales Corners Library ends summer reading program with comedy, prizes 7/27

» South side restaurant operators to plead guilty in tax fraud case 7/27

» Oak Creek prepares for National Night Out Updated:  7/27

» Jack Redmond & Frank Disco Gratke vie for chance at state assembly 7/26

» Franklin school specialist is 'Making IT Happen' with technology 7/26

» Bridge connects offerings at Abendschein Park 7/26

» New pickleball courts to be painted at Ken Windl, Pleasant View Parks 7/26

» Walks catch up to Oak Creek baseball team in state loss to Marquette 7/26

» Hales Corners Night Out to "promote and preserve prosperous community" 7/26

» Franklin Library to host Pokemon Go Night on August 11 7/26

» Amber Frymark wins Hottest Kitchen Entreprenuer Challenge 7/26

» Lawmaker Grobschmidt knew how to reach across the aisle 7/25

» Oak Creek Public Library to host Hogwarts Reunion 7/25

» Live coverage: 2016 WIAA State Summer Baseball Tournament Updated:  7/22

» Big inning leads Marquette past Oak Creek in state semifinal 7/22

» Sue Haislmaier's watercolor paintings on display at botanical gardens 7/22

» Franklin community shows support for local police officers 7/21

» Traveling Beer Gardens coming to Hales Corners Park 7/21

» Moth Night at Wehr Nature Center July 29&30 7/21

» Oak Creek hangs banners at Drexel Town Square in honor of local military heroes 7/21

» Social media story on the storms rolling through Milwaukee area 7/21

View All Posts Got a tip? Welcome rss

Advertisement

Best Summer Ever

 

We've made it easy for you to get out and go this summer. From hitting the trails for a bike ride or walk, to where to find beer gardens in the area, to the best places to swim in Waukesha County to the best summer drinks and summer reads, check out our 2016 summer guide.

Advertisement

CONNECT    

Advertisement

Most Popular