All About The Energy-Efficient Windows Tax Credit

7
Jun

Energy-efficient windows and doors are becoming the norm in the 21st century, especially as people seek to upgrade their homes, make them more efficient, minimize their carbon footprint, and save some money on their monthly and yearly energy bills. In short: energy-efficient windows and doors are simply better than traditional windows and doors, both from an engineering and a financial perspective. In addition to saving money by cutting down on the amount of air conditioning your home uses, you can also save money by applying for the energy-efficient window tax credit, something that many people still are not aware of. Below is some important information concerning the energy-efficient window tax credit.

Energy-Efficient Windows Tax Credit

Eligibility

In order to be eligible for the tax credit, your energy-efficient windows and doors must meet the Energy Star program requirements, be installed in your primary residence, and must have been installed between January 1, 2012 and December 31, 2016. The tax credit you get may cover up to 10% of the total product cost, but installation costs might not be covered. You could potentially be reimbursed up to $200 for windows and skylights that meet the criteria, and up to $500 for doors that meet the criteria.

Limits

Regardless of how many energy-efficient doors and windows you have in your home, there is a limit on the amount of money that you can get back in the form of a tax credit: it’s $500. If you have already claimed an energy-efficient tax credit in a previous tax year, you should consult a tax professional in order to determine how much credit you are still eligible for.

Always look for the Energy Star label

As mentioned, the windows and doors that are eligible for the tax credit must meet very specific criteria. Energy Star makes it quite easy to determine whether your energy-efficient windows and doors meet the requirements or not. Make sure to look for the Energy Star label when you are buying windows and doors to ensure that what you are buying is eligible for the energy efficiency tax credit. Also keep in mind that the energy star ratings depend on your climate zone.

Investing in energy-efficient windows and doors is not only the smart thing to do when it comes to saving yourself money, it is also the responsible thing to do. As populations swell around the world to even more unsustainable numbers, we are all going to need to do our part to limit our energy consumption, and the energy-efficient windows and doors tax credit is a great way of encouraging people to do just that.


Leave A Comment

Leave Comment

clear formSubmit

No Comments