FEDERAL TAX CREDIT
Published on Monday, June 15, 2009
The recent stimulus package enacted by the federal government includes provisions that increase tax credits for energy efficient improvements. There are many products that potentially qualify for these credits windows, doors and metal roofing.
THe amount of the credit to the homeowner is 30% of your product cost up to $1,500, for all qualifying products installed in the homeowner's principal residence 2009 & 2010.
The federal goverment requires that the homeowner keep an invoice tht clearly identifies what qualifying products were purchased and the cost for each product not including labor. This can be provided by the contractor performing the work.
Must have a U-value less than or equal to /30 and a solar heat gain coefficient (SHGC) less than or equal .30.
Manufacturers Certification, contract, invices and or NFRC. Energy Star labels should be saved by the homewoner for future reference.
IRS form 5695 will need to be submitted with the 2009 or 2010 tax return
This tax credit is in addition to other Energy Star rebates that may be offered in your area
Contact us today for your new windows and doors.
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