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Tax Credits for Energy Efficient
Windows & Doors
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On February 17, 2009, President Obama signed into law the American Recovery
and Reinvestment Tax Act of 2009. This bill extends and modifies the tax
credits for windows and doors established in the Energy Policy Act of
2005. The following guidance is not intended as legal advice, and you
should consult a tax professional with specific questions.
Qualifying products purchased between January 1, 2009 and December 31,
2010 are eligible for a tax credit equal to 30 percent of the product
cost. Installation is not included; be sure to obtain
an itemized invoice from your retailer or installer. The maximum amount
of homeowner credit for all improvements combined (including
roofing, insulation, HVAC, and water heaters) is $1,500 during 2009
and 2010.
To qualify, windows and doors
must have U-factor and Solar Heat Gain Coefficient (SHGC) of
0.30 or less. Documentation: Homeowners must obtain a manufacturer
certification statement to document window or door eligibility for the
tax credit.
Products must be installed by 12/31/2010 for the credit to
be claimed on 2010 taxes. As of 8/9/2010, there are no
federal tax credits available for 2011 or later for windows and doors.
This may change depending on legislation.
You must use IRS Form 5695 to calculate the credit (available at
www.irs.gov). Consult your tax professional for assistance with the
form.
The
EnergyStar.gov website is a good source of additional information.
Their
FAQ page can help answer your questions.
We will post additional information here as it becomes available.
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Thermal Windows, Inc. · 12805 E. 31st Street · Tulsa, OK 74146 · (918)
663-7580 · Fax: (918) 627-3049
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