Industry: Stimulus could hurt Pilkington, other glass makers
A few words included in one paragraph of the federal government’s massive stimulus package could spell lost business for glass makers, including Scotland County's [N.C.] Pilkington.
The stimulus legislation gives homeowners making energy-efficient improvements a tax credit of 30 percent of the cost of the project, up to a total of $1,500.
But, the stimulus legislation passed by Congress included criteria that would exclude many glass products from being eligible for the tax credit.
According to the final version of the legislation, to qualify for the tax credit, windows, doors and skylights placed in service after Feb. 17, 2009, must have a U-factor and Solar Heat Gain Coefficient of less than or equal to 0.30. Not all Energy Star labeled windows and skylights qualify for the tax credit, according to a March 28 Laurinburg Exchange report.