Tax Credit for 2012?
Survey Results as of 10/4/2011 :
The industry should:
Push Congress for larger energy efficient tax credits in 2012.
Stop looking for energy efficiency tax incentives.
Push for Congress to renew current tax credits for 2012.
We're split on our opinions on the value of tax credits, which isn't surprising, I have to say. I know this subject can be a polarizing one and I would venture to guess that your opinion on the matter is not only a result of your business experiences with the credits, but also your political leanings as well.
Let me share some of the feedback I received this week:
"I would like to see even greater tax incentives for energy efficient products," one reader writes, "however the bottom line is our government needs all the money they can get their hands on to balance the unfathomable budget and overcome the huge deficit they created with their frivolous spending and in the end we the tax payers foot the bill not only for the governments frivolous spending but also for any such incentives. Unfortunately I don’t know where the money will come from to fund good programs like this?"
Another reader shares the positive impact on his business: "Yes. It created massive amounts of orders. The tax credit should be revised to be larger for even more energy efficient windows with 366 low-E and triple pane glass. Our December which is usually slow was so good the orders filled our warehouse with zero room to spare."
Still, some have concerns that the tax credits are throwing a natural supply and demand curve out of whack. "From what I can see and lived through during the past three years, the tax credit pulled demand forward and left the industry in the state it is now. Government action is not helpful in the long run. Leave the industry alone and let it find its level. Only then will things turn around. Leave it up to us manufacturers to compete, innovate and market to get the business that is out there. Some will succeed and some will fail but the industry will be healthier in the end."