Tax Credits For Windows & Doors
Most consumers are wanting
Energy Efficiency these days, and NOW is the
time to look into replacing those old drafty
windows with new Energy Efficient ones! A
significant Tax Credit is now available for
Window and Door replacements! We have
included the specific information form below
for you to read.
What
You Should Know: 2010 Lead Paint
Requirements
***At
the end of last year, the EPA began moving
on lead paint. By 2010, if a contractor
works in a house with lead-based paint
(house built before1978), they will need to
have someone on staff certified to safely
remove lead, and the contractor must
register as certified in lead-based paint
removal. EPA specs involve posting the work
area, sealing it off with plastic sheathing,
and extracting the paint with strippers or
machines using vacuum attachments to
minimize dust. Then, there will be clean
up. Factoring in the time spent cordoning
off the area and removing dust,
your contractor could have to
add as much as 50% to their labor costs!
At some point, safe lead-paint removal will
be just another facet of our installation
process. Another money saving reason to
have windows replaced this year!
***(Source: Replacement
Contractor Magazine, Winter 2009)
Tax credits are now available for home
improvements:
·
must be "placed in service" from January 1,
2009 through December 31, 2010
must be for taxpayers principal residence
· maximum
amount is $1,500 in 2009 & 2010 for most
home improvements
(geothermal heat pumps, solar water heaters,
solar panels, fuel cells,
and windmills are not subject to this cap)
· for
record keeping, save your receipts and the
Manufacturer Certification Statement3,
OR for windows, you can save the ENERGY STAR
label from your new windows
· improvements
made in 2009 will be claimed on your 2009
taxes (filed by April 15, 2010)
- use IRS Tax Form 5695 (2009 version) - it
will be available late 2009 or early 2010
· If
you are building a new home, you can qualify
for the tax credit for photovoltaics,
solar water heaters, small wind systems and
fuel cells, but not the tax
credits for
windows, doors, insulation, roofs, HVAC, or
non-solar water heaters.
More.
|
Product Category |
Product Type |
Tax Credit Specification |
Tax Credit |
Notes |
|
Windows
& Doors |
Exterior Windows and Skylights |
U factor <= 0.30
SHGC <= 0.30 |
30% of cost, up to $1,5002 |
Not all ENERGY STAR labeled windows and
skylights qualify for tax credit.
|
|
Storm Windows |
Meets IECC1 in combination with the exterior window
over which it is installed, for the
applicable climate zone |
30% of cost, up to $1,5002 |
Manufacturer Certification Statement3
will list classes of exterior window
(single pane, clear glass, double
pane, low-E coating, etc.)4
that a product may be combined with
to be eligible in specific climate
zones. |
|
Exterior Doors |
U factor <= 0.30
SHGC <= 0.30 |
30% of cost, up to $1,5002 |
Not all ENERGY STAR doors will qualify. |
|
Storm Doors |
In combination with a wood door assigned a default U-factor by
the IECC1, and does not
exceed the default U-factor
requirement assigned to such
combination by the IECC |
30% of cost, up to $1,5002 |
|
|
|
