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.
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.
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.