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Replacing your single-pane windows to double-paned insulated glass can reduce energy bills up to 40%!
What You Need to Know About Tax Credits
Energy efficient home improvements qualify for a Tax Credit under these conditions:
- Must be a taxpayer's primary residence in the United States
- Must be used for remodeling or replacement (new construction does not qualify for the new tax credit)
- Product must be purchased and placed in service during 2009 or 2010
Tax credit can cover as much as 30% of the product cost up to $1,500
- $1,500 is a combined total for 2009 and 2010 energy efficiency improvements including other eligible items listed in the IRS Notice
- Installation and other labor costs do not qualify for tax credit
Beginning June 1, 2009, windows and doors must have both to qualify:
- a U-Factor equal to or less than 0.30 and;
- a Solar Heat Gain Coefficient (SHGC) equal to or less than 0.30
Proof of purchase and product performance are required
- Proof of purchase: Sales receipt (Federal law requires itemized receipts) for product(s) only
- Product performance: Product labels or manufacturer's certification statement