Posts Tagged ‘replacement window credits’

Energy Tax Credit Renewed for 2012 and 2013

Monday, March 11th, 2013

Congress renewed the 2011 Energy Tax Credits available to homeowners who upgrade the energy efficiency of their home.  Homeowners can receive up to $500 in total tax credits for eligible home improvements you’ve made since 2006 ($200 limit for windows). If you are eligible, the tax break applies to 10% of the purchase price excluding installation costs) of certain insulation materials, energy-efficient windows, external doors and skylights, and certain roof materials that meet Energy Star requirements (see  EnergyStar Website for details). You can count both materials and labor costs for certain central air conditioners, biomass stoves, electric heat pumps or electric heat pump water heaters that meet specific energy-efficient guidelines — up to a maximum of $300 for each. You can count up to $150 for an eligible natural gas, propane or oil furnace or hot water boiler.

The items must meet specific energy-efficient requirements to qualify. See the Alliance to Save Energy tax credit info page for details. Keep your receipts and manufacturer’s certification of eligibility


About Schantz Home Improvement Company:

Schantz Home Improvement is a residential Atlanta Contractor specializing in Exterior Renovations including Roofing, Siding, Replacement Windows and other needs. Schantz has earned the distinction of being appointed a Master Elite™ Residential Roofing Contractor by GAF; homeowners  benefit with quality workmanship, quality materials, and manufacturer warranties.

Energy Tax Breaks to expire

Monday, November 8th, 2010

Federal energy tax incentives up to $1500 are set to expire December 31, 2010. Homeowners can get $1,500 or more in tax credits for certain home improvements completed in 2010.

As of June 1, 2009, windows, doors, and skylights with U-factor and Solar Heat Gain Coefficient (SHGC) ratings of less than or equal to 0.30 are eligible for a federal tax credit of 30 percent of the product price, up to $1,500.

We originally reported in the story Atlanta replacement window tax credits.

More Details on the Energy Tax Credit

On February 17, President Obama signed into law the American Recovery and Reinvestment Tax Act of 2009. This bill extends and modifies the tax credits for windows, doors, and skylights established in the Energy Policy Act of 2005. The following guidance is not intended as legal advice, and you should consult a tax professional with specific questions.

Qualifying products purchased between January 1, 2009 and December 31, 2010 are eligible for a tax credit equal to 30 percent of the product cost. Installation is not included; be sure to obtain an itemized invoice from your retailer or installer. The maximum amount of homeowner credit for all improvements combined (including roofing, insulation, HVAC, and water heaters) is $1,500 during 2009 and 2010.