How long do the credits last?
The credits for most projects (those capped at $1,500) are only available in 2009 and 2010, but the credits for the products with no lifetime caps (those categories listed in question 2) last until 2016. 4. Are products that were installed before the stimulus package passed eligible for credits? Yes, as long as they were put into service this year. Any product that met the tax credit standards in place at the time is eligible for the full credit. Be sure to contact any clients you worked for before the stimulus passed to make sure they’re aware of their new windfall. 5. Are installation costs included in figuring the tax credit? That depends. For most products, installation costs are included to calculate the 30 percent credit, but they are not for windows, doors, insulation and roofs. For those categories, only the cost of materials is eligible for the credit. This means you’ll need to provide a material cost to your clients for those projects if they want to receive the credit. 6. Ho
