WINDOW TAX CREDIT FOR ENERGY EFFICIENT WINDOWS

Take Advantage ... NOW!
The new law increases the code sec. 25 resenditial energy property tax credit from 10% to 30% and raises the maximum cap to $1,500 for 2009 and 2010

BEWARE!!!

Not all Energy Star windows qualify for this tax credit!

To qualify, the window must have U-value equal to or less than .10 and a SHGC equal to or less than .30 . Just because a product has the EnergyStar label, it does not mean it qualifies for the tax credit.

KEY ELEMENTS OF THE PROGRAM

30% of the amount paid or incurred by the taxpayer for qualified energy efficient improvements installed during the taxable year.

Up to $1500 maximum credit for energy efficient improvements for all taxable years

Allowed only for amounts paid for onsite preparation, assembly, installation labor, other components or sales tax.

Covers qualified products placed in service after Dec. 31, 2008 and before Jan. 1st 2011

Must be taxpayers principal residence

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