Get $1500 Credit For New Windows, Doors

Get $1500 Credit For New Windows, Doors

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Although the credit wasn’t the reason why we purchased new windows in the first place, knowing that the federal government would provide as much as a $1500 credit for replacing the windows in our home was certainly helpful. As part of the government’s massive $787 billion stimulus package, the Obama administration has offered an incentive to homeowners to upgrade their windows and doors.

Highly Efficient Windows & Doors Only

Check the NFRC label to see if your window and doors qualify for a federal tax credit. The sample label shown reveals that this homeowner DOES NOT qualify!

Check the NFRC label to see if your window and doors qualify for a federal tax credit. The sample label shown reveals that this homeowner DOES NOT qualify!

The federal tax credit works like this – if you replace your windows with qualified energy efficient windows (has a U-factor and SHGC of 0.30 or below – see the NHRC label), you can claim your tax credit for tax year 2009 or 2010. You’ll need to save your receipts and verify that the windows you purchased qualify. If they don’t then you won’t receive a tax credit even if an “Energy Star” certification label is pasted on each window or door.

Consumers who purchased qualifying windows and doors as far back as January 1, 2009 are eligible for the tax credit which expires with windows and doors placed in service through December 31, 2010. Yes, don’t wait until the last month to buy your windows and doors because if installation isn’t completed until January 2011, then you’ll be out of luck – your installer cannot back date your work order!

Obtain Documentation

According to Energy Star, the Department of Energy program overseeing the tax credit, homeowners must obtain a manufacturer certification statement to document window, door, or skylight eligibility for the tax credit. If the retailer or installer cannot provide this document, it may be available on the manufacturer’s Web site.

Lastly, the burden of proof is on the homeowner to determine the eligibility of windows and doors for the tax credit. A reputable window company will show you which windows qualify and provide the documentation you need to file your taxes and get the credit. In addition, you may want to check with your utility company to find out if they’re offering a separate rebate for new windows and doors too.

Adv. — Do you want to learn how to set up a budget? SayLowerBills.com offers helpful information to homeowners, including worksheets and budget information to help you gain control over your finances.  Check our site out — all are tools are free and easy to use.

NFRC label courtesy of Energy Star.

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Categories: Home Improvement

Comments

  1. Mark Pannell
    Mark Pannell 7 October, 2009, 10:51

    I found a lot of good information on the tax credit at http://myenergytax.com too.

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