Under the stimulus bill recently signed by President Obama, homeowners can claim a hefty tax credit if they install a new insulated garage door. Insulated garage doors have been eligible for tax credits aimed at improving energy efficiency in the past, but the new legislation increases the maximum credit from $500 to $1,500.
Keep in mind that this is a tax credit, not just a deduction. That means you can take the full amount off of the bottom line on your income taxes.
The major purpose of the stimulus bill is to encourage spending. With the tax credit on the price of a new garage door and the additional savings a more energy-efficient garage door will provide, this might be a great time to go do some shopping.
You can find more details on the tax credit in How To Earn a Tax Credit with New Insulated Garage Doors.
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