What is a “qualified improvement” under ARRA?
• For the Non-Business Energy Property Tax Credit, qualified improvements include the purchase price of certain exterior doors, windows, skylights, non-solar water heaters, insulation, and heating and cooling systems. The installation cost of qualified HVAC upgrades may also eligible for the tax credit. The upgrades must be made to a primary, existing residence. For the Residential Energy Efficient Property Tax Credit, qualified improvements include the purchase price of certain solar panels, solar water heaters, small wind energy systems, or geothermal heat pumps. Installation costs are also generally eligible for the tax credit. The improvements can be made to existing homes or new residential construction.
- What are our shared responsibilities for ensuring that all funds under the ARRA are used for authorized purposes and instances of fraud, waste, and abuse are prevented?
- Are there specific contractual terms and agreements that must be included in all ARRA contracts?
- What is the expenditure reporting period for ARRA IDEA grant awards?