Much of the hoopla surrounding the Energy Tax Credit section of the American Recovery and Reinvestment Act of 2009 has died down over the past year. But the tax credits remain in effect and available right through the end of 2010. If you have not yet taken advantage of the Energy Tax Credit, now is the time.
A tax credit is generally more valuable than an equivalent tax deduction because a tax credit reduces tax dollar-for-dollar, while a deduction only removes a percentage of the tax that is owed. If you itemize purchases on your federal income tax form, you may be able to lower the total amount of tax you owe the government.
Put in simpler terms, the Energy Tax Credit is like having Uncle Sam pay for 30 percent of your new windows and doors!
Be aware that not all windows and doors qualify for the credits. They must meet certain energy efficiency standards (a U factor of 0.30 or lower; and solar heat gain coefficient of 0.30 or lower), and your installer must provide you with a Manufacturer’s Certification Statement in order to qualify. Also, you’ll need to file federal tax form 5695 with your tax return.
But these details are well worth it if you can save 30 percent (up to a total of $1,500) on energy-efficient windows and doors!
Of course, the tax savings are only the beginning. Studies have shown that replacing your home’s old windows with energy-efficient windows can reduce heat loss, which means lower energy bills year after year.
At Rescom, ALL of our windows and doors meet the specifications to qualify for the Energy Tax Credit. And you’ll reduce your home energy costs starting immediately.
For more information about upgrading your windows and doors with energy efficient replacements, call us toll-free at (866) 410-5884. Or visit our web site at www.rescomexteriors.com.