We have been anticipating, along with our EmeSeal System contractors and the home improvement industry, that the Residential Energy Efficiency Tax Credit on qualified energy-efficient home improvement projects would expire at the end of this year. However, after coming across an article last week from Replacement Contractor Magazine’s website, there is reason for some optimism. The article reports that there has been movement within Congress to extend the tax credits and that such an extension could be a component included in negotiations of the Bush tax cuts.

On Dec. 1, a letter bearing the signatures of window, door, and skylight manufacturing executives from 14 companies went out to every member of Congress, requesting an extension of the tax credits created under the American Recovery and Reinvestment Act of 2009 (ARRA). The letter makes the case that the ARRA credit has allowed manufacturers to save or create jobs during the recession by encouraging consumers to buy qualifying energy-efficient products.

From our vantage point, contractors using our EmeShield Pro Plus Liner for the sealing and insulation of crawl spaces have stayed busy through the last year and a half, while the tax credit has been in effect. The health of our economy unfortunately continues to be a concern, especially with the uncertainty surrounding the Bush tax cuts. Extending such tax credits would be a welcome measure, instilling confidence among contractors and incentive for homeowners.
We will continue to follow this issue closely and keep you updated on any developments via this blog, as well as on Facebook and Twitter.

More Information:
Replacement Contractor Magazine – Fingers Crossed on Tax Credit Extension