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American Recovery and Reinvestment Act (ARRA) - Contractors

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Place your order using Stimulus Funds today!

 

1-800-Grainger or place your order on Grainger.com®.

 

 

Find out how to order with stimulus funds.

Find out how to order with stimulus funds.

 

 

Reporting to the govenment.

Reporting to the government.

Stimulus Tax Incentives

Take advantage of the various stimulus tax incentives that have been extended through the Stimulus Bill. The Energy Policy Act of 2005 first established the energy efficiency tax credits that became effective in 2006 and 2007. The majority of these tax credits were for 10% of the cost, up to $500. On October 3, 2008, President Bush signed the Emergency Economic Stabilization Act of 2008 (also known as the "Bailout Bill") to put many of the tax credits back in place for 2009 and increased the credit to 30%, up to $1,500. The American Recovery and Reinvestment Act of 2009 (ARRA) extended these tax credits to 2010.

 

Tax Deductions for Energy-Efficient Commercial Buildings

  • $1.80 per square-foot tax deduction is available to owners or designers of new or existing commercial buildings that meet the ASHRAE Standard 90.1-2001 by saving at least 50% of the heating and cooling energy for the building.
  • $0.60 per square-foot tax deduction is available for measures affecting the building envelope, lighting or heating & cooling.

    These tax deductions are available on systems placed in service Jan. 1, 2006, through Dec. 31, 2013.

Energy Tax Credits for Builders

  • Eligible contractors must fill out IRS Form 8908.
  • $2,000 tax credit is available for new energy-efficient homes that achieves 50% energy savings for heating and cooling over the 2004 IEC.
    • At least 1/5 of the energy savings must come from building envelope improvements.
  • $1,000 tax credit is available to the producer of new manufactured homes achieving 30% energy savings for heating and cooling over the 2004 IEC.
    • At least 1/3 of the energy savings must come from building envelope improvements.

For more information on Federal tax credits for energy efficiency, visit Energy Star  

Energy Tax Credits for Consumers

  • Home improvement tax credits are available for upgrading existing heating and cooling equipment
  • For tax years 2009 and 2010, customers can receive a tax credit (tax credit is dollar–for–dollar in income taxes) of 30% of the installation cost or up to $1500 for higher efficiency:

— furnaces
— boilers
— air source heat pumps
— central air conditioners
— hot water heaters
— geothermal heat pumps
— solar panels
— solar water heaters

 

  • Units must be placed into service in 2009 and 2010, except for geothermal heat pumps, solar water heaters, solar panels, fuel cells and small wind energy systems which are not subject to this cap and are in effect through 2016
  • Must be the taxpayer's principal residence
  • Must have a Manufacturer Certification Statement to qualify 

How to Order with Stimulus Funds:

  • Call 1-800-Grainger. When you order, please notify us that you are using Stimulus Funds. This allows us to track Stimulus orders and provide information you may need to comply with transparency and reporting requirements. Remember to inform us that you are placing an ARRA Stimulus order at the time of purchase for it to be properly flagged.
  • Order online on Grainger.com. Indicate that you are paying with ARRA Stimulus Funds, and the order(s) will feed into your Stimulus spend report.

 Place your order using Stimulus Funds today!