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TAX
CREDIT DETAILS FOR WINDOWS
The Energy Tax Credit
On February 17, 2009 President Obama signed the $789
billion compromise stimulus bill that includes tax credit
incentives for homeowners to make energy-efficient home
improvements. The bill extends the expanding tax credits
through 2010 on energy-efficient investments—including
qualifying windows and doors!
- The approved bill includes the ability for homeowners
to gain a tax credit of 30 percent of the cost of
qualifying energy-efficient upgrades to a maximum of
$1,500 per household for 2009 and 2010.
- The new regulations provide increased tax credit to
homeowners than was previously available under a similar
bill. Additionally, the new law has some very specific
restrictions, including:
- Windows purchased must have passed certification
testing achieving results equal to or below a
U-Factor of 0.30 and a Solar Heat Gain Coefficient (SHGC)
of 0.30.
- The purchase of the qualified windows must be made
during the taxable year for which the credit is being
claimed.
- The credit is only allowed on the price of the
qualified windows themselves, not on installation
costs, onsite preparation, assembly or sales tax.
- The tax credit is allowable only for qualified
window units placed in service in 2009 and 2010.
- For additional information regarding the tax credit
please visit the
Energy Star website.
- Consumers should obtain and retain a copy of the
Manufacturer's Certification Statement that applies to
their specific windows.
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