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 4532 Views

Latest Articles

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

Shower Envy: Elevating Your Bathroom with a Stunning Walk-In Shower

Are you tired of the same old routine in your bathroom? It might be time to consider a change, and one way to elevate your bathroom to a new level...

on Jan 22, 2024

Exploring Crowdfunding as an Innovative Approach to Real Estate Investment

The landscape of property selling has been transformed significantly due to the advent of property crowdfunding. This innovative approach,...

on Jan 10, 2024

The Rise of Co-Living Spaces in Asian Cities

Asia, home to 21 of the worlds 30 largest cities, is a significant player in the global economy, contributing 38% of the goods and services of the...

on Jan 5, 2024

Actions

More DIY Articles

Why Do You Think RTA Kitchen Cabinets are so Popular?

Although Ready-To-Assemble (RTA) kitchen cabinets are so popular among homes nowadays, they have been around for a while now. And because of...

Kitchen / Bathrooms

What Should I Consider Before Buying a Snow Blower?

You have come to the right place looking for tips when shopping for a new snowblower and the top 4 things to consider. Like with all purchases that...

Safety / Security

Improving the Value of Your Home with an Exterior Wall Coating

Due to the recent decline in the economy and more specifically the housing sector, more and more people have decided to stay where they are instead...

Walls / Ceilings / Attics

4 Tips to help You Pick the Best Area Rug for Your Home

Most people don't realize how important it is to pick the right area rug. Pick the wrong one and it can completely ruin the look and feel of the...

Interior Design / Decor

Eco-Friendly Building Materials to Consider Before You Remodel

Are you thinking about remodeling your home but concerned about your potentially large carbon footprint? Of course, you'll want to make your house...

Eco-Friendly / Go Green

Contact Us | Submit Article | 411homerepair © 2024