411homerepair.com

Energy Tax Credit for Windows

by Guest Post on Jan 30, 2013

Replacing single pane windows with energy efficient windows can save you between $126 and $465 a year depending on where you live.

You can claim your energy tax credit for home improvements by using online tax software. You will be sure to get the full tax credit for your home energy efficiency improvements that qualify for the tax credits and deductions.

Replacing double pane windows could save you between $27 and $111 a year.

Energy Efficient Home Improvement Tax Credit

Beyond the long term savings, new windows for your home may also be eligible for a tax credit.

When Barrack Obama signed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, a set of new tax credits for energy efficient doors, windows, and skylights went into effect.

Energy Tax Credit Requirements

The requirements to meet this tax credit are to first make sure that the windows are “Energy Star” rated and meet the requirements for that rating.

Next, the windows must be installed on your primary residence. Energy efficient windows installed on rental, vacation, or second homes do not qualify for the tax credit.

Finally, the tax credit is limited 10% of the windows or skylights cost up to a total of $200.

Keep in mind the installation costs are not included, only the cost of the windows themselves is eligible for the credit and there is a total limit of $500 for all total energy upgrades total.

Tax Software Helps You Claim Your Energy Tax Credits

If your Energy Star doors, windows, or skylights were purchased before the current tax year, you can file an amended tax return to claim the credit if you had them installed before the expiration date.

Tax software is your best chance to claim your energy tax credits. By answering simple questions the program will fill in your entries into the correct place. Your tax return will be scanned many times before you file to ensure you will not miss any valuable tax credits or tax deductions.

Windows / Siding 4993 Views

Latest Articles

5 Reasons to use Gutter Cleaning services

Gutters play an essential role in protecting your home from water damage by directing rainwater away from your roof, walls, and foundation....

on Nov 14, 2024

Before You Sign: How Home Inspections Identify Hidden Hazards in Your Future Home

Buying a home is exciting, but hidden dangers can turn that dream into a nightmare if not addressed early on. Beyond what is visible during a...

on Oct 18, 2024

The Appeal and Longevity of Natural Oil Finishes for Hardwood Floors

Hardwood floors exude warmth, character, and timeless appeal in any home. To preserve and enhance these qualities, choosing the right finish is...

on May 17, 2024

Understanding Indonesia’s Real Estate Investment Laws for Foreigners

Indonesia, with its stunning landscapes, deep-rooted cultural heritage, and renowned hospitality, has emerged as a top destination for foreigners...

on Jan 25, 2024

Real Estate Development in Asian Cities

In many Asian cities, the rapid pace of urban development has led to the decline of historic districts, areas once teeming with cultural richness...

on Jan 25, 2024

Sponsored Articles

Actions

More DIY Articles

Steps Involved if You Wish to Pursue Changes at Home

Home improvement projects take time and effort. You have to work hard if you wish to see these changes happen. You also have to be willing to spend...

Improvements / Remodeling

Break the Pattern with Hexagonal Patterns!

When you think of hexagons, whats the first thought that comes to your mind? Do you picture a honeycomb? A lot of people associate the shape with...

Floors / Tile / Hardwood

Vanities - The Essence of Your Bathroom

When you’re constructing a bathroom the most important decision you have to take is choosing a vanity. A bathroom is an important part of your home...

Kitchen / Bathrooms

Home Asbestos Exposure: A Modern Menace or Just a Threat of the Past

Most people believe that asbestos is a thing of the past, but that’s not true. It’s used in many consumer products, from brake pads to...

Cleaning / Maintenance

Which Is Better for You? Polished vs. Stained Concrete

Have you decided to give your floor a new look but cannot seem to determine if you should settle for polished or stained concrete? After all,...

Floors / Tile / Hardwood

Contact Us | Submit Article | 411homerepair © 2024