Comments on: Federal Tax Credits for Energy Efficient Windows http://www.homeconstructionimprovement.com/federal-tax-credits-energy-effecient-windows/#utm_source=rss&utm_medium=rss&utm_campaign=federal-tax-credits-energy-effecient-windows Expert Home Improvement Advice Sun, 12 Feb 2012 23:48:06 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Marty Davishttp://www.homeconstructionimprovement.com/federal-tax-credits-energy-effecient-windows/#comment-27520 Marty Davis Fri, 13 Nov 2009 19:21:38 +0000 http://www.homeconstructionimprovement.com/?p=3047#comment-27520 Buyers should always consult their tax advisor before purchasing windows to take advantage of this opportunity to save money and gain energy efficiency in their homes. There are couple of important things to note about the federal energy TAX CREDIT. The requirements to qualify for the new energy tax credit include:1) Windows purchased must be equal to or below a U-Factor of 0.30 and a Solar Heat Gain Coefficient (SHGC) of 0.30. 2) The purchase of the qualified windows must be made during the taxable year for which the credit is being claimed. 3) The credit is only allowed on the price of the qualified windows themselves, not on installation costs, onsite preparation, assembly or sales tax. 4) The tax credit is allowable only for qualified window units PLACED IN SERVICE in 2009 and 2010. 5) Homeowners must save their receipts for their windows purchased along with all window labels and stickers for verification and tax recordkeeping. 6) The windows must be installed in the taxpayer's principal residence. 7) This tax credit is capped at a total of $1,500 for the years of 2009 and 2010.NOTE: Unlike a tax deduction, which only reduces the amount of your taxable income, a tax credit reduces the amount of tax you owe.For more detailed information visit www.simonton.com/taxcreditMarty Davis Simonton Windows Buyers should always consult their tax advisor before purchasing windows to take advantage of this opportunity to save money and gain energy efficiency in their homes. There are couple of important things to note about the federal energy TAX CREDIT. The requirements to qualify for the new energy tax credit include:

1) Windows purchased must be equal to or below a U-Factor of 0.30 and a Solar Heat Gain Coefficient (SHGC) of 0.30.
2) The purchase of the qualified windows must be made during the taxable year for which the credit is being claimed.
3) The credit is only allowed on the price of the qualified windows themselves, not on installation costs, onsite preparation, assembly or sales tax.
4) The tax credit is allowable only for qualified window units PLACED IN SERVICE in 2009 and 2010.
5) Homeowners must save their receipts for their windows purchased along with all window labels and stickers for verification and tax recordkeeping.
6) The windows must be installed in the taxpayer’s principal residence.
7) This tax credit is capped at a total of $1,500 for the years of 2009 and 2010.

NOTE: Unlike a tax deduction, which only reduces the amount of your taxable income, a tax credit reduces the amount of tax you owe.

For more detailed information visit http://www.simonton.com/taxcredit

Marty Davis
Simonton Windows

]]> By: Toddhttp://www.homeconstructionimprovement.com/federal-tax-credits-energy-effecient-windows/#comment-14070 Todd Fri, 26 Jun 2009 10:07:46 +0000 http://www.homeconstructionimprovement.com/?p=3047#comment-14070 @ Gail - Not sure I fully understand your question. Are you asking if you do the home improvements this year can you wait to "cash" in on the credits? I'm not sure you really should consult a tax professional for that. @ Gail – Not sure I fully understand your question. Are you asking if you do the home improvements this year can you wait to “cash” in on the credits? I’m not sure you really should consult a tax professional for that.

]]> By: Gailhttp://www.homeconstructionimprovement.com/federal-tax-credits-energy-effecient-windows/#comment-14055 Gail Fri, 26 Jun 2009 02:40:28 +0000 http://www.homeconstructionimprovement.com/?p=3047#comment-14055 What I want to know is how long can these tax credits be used? What if I don't need them the first couple of years because I already have tax credits that are unused from last year. Will these credits expire if not used within a certain time frame? What I want to know is how long can these tax credits be used? What if I don’t need them the first couple of years because I already have tax credits that are unused from last year. Will these credits expire if not used within a certain time frame?

]]> By: Renewable Energy Credit | The future of wind powerhttp://www.homeconstructionimprovement.com/federal-tax-credits-energy-effecient-windows/#comment-13597 Renewable Energy Credit | The future of wind power Sat, 20 Jun 2009 07:07:20 +0000 http://www.homeconstructionimprovement.com/?p=3047#comment-13597 [...] Energy Efficient Windows Which Qualify for Federal Tax Credits for … [...] [...] Energy Efficient Windows Which Qualify for Federal Tax Credits for … [...]

]]> By: Alison Moore Smithhttp://www.homeconstructionimprovement.com/federal-tax-credits-energy-effecient-windows/#comment-12999 Alison Moore Smith Sun, 14 Jun 2009 02:08:40 +0000 http://www.homeconstructionimprovement.com/?p=3047#comment-12999 Let me get this straight. The government is taking my money to pay for windows in other people's houses, but I can't use it for mine.It's a mad world. Let me get this straight. The government is taking my money to pay for windows in other people’s houses, but I can’t use it for mine.

It’s a mad world.

]]> By: Rick Weddinghttp://www.homeconstructionimprovement.com/federal-tax-credits-energy-effecient-windows/#comment-12956 Rick Wedding Sat, 13 Jun 2009 10:40:57 +0000 http://www.homeconstructionimprovement.com/?p=3047#comment-12956 Hi Todd,The government requirements state that the tax rebate is not available to those building new homes, only replacement. Hi Todd,

The government requirements state that the tax rebate is not available to those building new homes, only replacement.

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