New Tax Deductions and Credits Proposed for Green Products

From HVAC to roofing products, the American Recovery and Reinvestment and Act (ARRA) initiated tax credits for a range of energy-efficient home improvements, mostly related to a home’s mechanicals or building envelope. With the legislation focusing on reducing the biggest aspects of a home’s energy use, other product categories were not addressed in the Act, despite being classified as sustainable products.

One such area is kitchen cabinetry, which the Kitchen Cabinet Manufacturers Association (KCMA) has worked hard to “green” with its Environmental Stewardship Program (ESP). But with the proposed legislation, cabinetry, carpeting, countertops, flooring, and other home furnishings may also become eligible for tax deductions and credits.

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