It seems like a long time away, but energy tax credits on replacement windows and doors expire at the end of the year. Just a reminder, on windows and doors that qualify for the tax credit (.30 U-value and .30 SHGC), as a homeowner, you are eligible to receive a tax CREDIT of either 30% of the job -- or a cap of $1,500 (less labor). And remember, this is a tax credit, not a rebate.
Also, certain reflective insulations also qualify for the tax credit. Here's a web site of one that does qualify, www.radiaflect.com.
Here are some details that you need to remember for the tax credit. The windows, doors and insulation need to be purchased for your principal residence to qualify. Also, unfortunately, windows for new homes and rental units do not qualify for the credits. Check with your accountant about other details regarding the credit -- including how much you pay in federal income tax, because this will affect the tax credit you'll receive.
When you make the purchase for your home, make sure you get the manufacturers certification statement -- along with the costs of the windows or reflective insulation -- to include with your taxes.
Let's take advantage of these credits while they last. It makes a difference for the environment, for the economy, and for your personal energy savings!
No comments found.
Post a comment (login required)


