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.


This site uses Facebook comments to make it easier for you to contribute. If you see a comment you would like to flag for spam or abuse, click the "x" in the upper right of it. By posting, you agree to our Terms of Use.

Suburban News Roundup

E-mail Newsletter

Your link to the biggest stories in the suburbs delivered Thursday mornings.

Enter your e-mail address above and click "Sign Up Now!" to begin receiving your e-mail newsletter
Get the Newsletter!

Login or Register to manage all your newsletter preferences.

Community Watch

» Homestead teacher is stepping down under deal Updated:  11/27

» River Lane Inn in Brown Deer sold to Pastiche owner Updated:  11/25

» Whitefish Bay Holiday Stroll coming on Friday 11/25

» Bomb squad examines grenade found in Brown Deer house 11/25

» Inspired by Popp, Homestead seizes fifth state football title 11/25

» Sport Shorts: Nov. 26, 2015 11/25

» Shorewood robbery suspects face charges 11/25

» River Lane Inn will become Pastiche 11/25

» Woodland champion Shorewood girls basketball team looks for third title 11/25

» Homestead girls basketball team has high expectations 11/25

» Highlanders rejoice over state football title 11/25

» Shorewood School District raises $1 million for STEAM programs 11/24

» Crews battle house fire in Brown Deer; 2 cats killed Updated:  11/23

» Cats, guinea pig die in fire 11/23

» Mequon woman reported missing 11/23

» Homestead wins fifth state football title, 28-12, over Waukesha West 11/20

» Build-your-own pizza place coming to Shorewood next year 11/20

» Shorewood families want to host Syrian refugees 11/20

» Updated state championship game rankings of area prep football teams and players 11/19

» Homestead football team faces uphill title fight against West 11/18

» Wolf and Zortman fill in each other's gaps well 11/18

» Apartments, assisted living pitched in Mequon development 11/18

» Mequon-Thiensville's Demond Means says MPS role won't interfere with his day job 11/18

» Hayes helps Brown Deer/USM swimming team set two program records 11/18

» Oak Leaf Trail extension links Milwaukee to Ozaukee County Updated:  11/18

View All Posts Got a tip? Welcome rss



Local Business Directory