$1500 Energy Efficiency Tax Credits for Window Treatments
Are your window treatments eligible for the $1500- energy efficiency tax credits?
The energy credit was designed to help people who want to save energy in their home. For the first $5,000 you spend to cut energy costs in your home between January 1 2009 and December 31, 2010 you can get a 30% tax credit totaling up to $1500-.
Here are some guidelines to determine is your window coverings are eligible for this tax credit. First, you have to realize that although you might want to purchase window treatments for privacy, decoration or light control, to be eligible for the energy tax credit your main purpose for installing the window coverings must be insulation. Although most window treatments provide some degree of insulation only those that are primarily constructed to provide insulation can be used to qualify for the credit. Some energy saving window treatments that qualify for this credit have special tracks that help drafts from coming in from the side of the window. Others only qualify if they are used with dual panes windows or other special windows. The conditions that have to be met can be found on the Manufacturer's Certification Statement (see below.) So when you purchase window coverings ask for one that qualifies for the $1500- energy efficiency tax credit. Be sure that you can get the Manufacturer's Certification Statement which is a signed statement from the manufacturer certifying that the window covering qualifies for the tax credit. This statement will also explain in more detail which fabrics or options must be used to qualify. Also you will see which part of the window treatment cost qualifies. (The IRS encourages manufacturers to provide these Certifications on their website to facilitate identification of qualified products. Taxpayers must keep a copy of the certification statement for their records, but do not have to submit a copy with their tax return.) Here are some of the window treatments that qualify for the Energy Efficiency Tax Credit:
Tax Disclaimer The information in the article above should not be used in any actual transaction without the advice and guidance of a professional Tax Adviser who is familiar with all the relevant facts. The information contained here is General in nature and is not intended as tax advice. Furthermore, the information contained herein may not be applicable to or suitable for the individuals' specific circumstances or needs and may require consideration of other matters. the-window-treatment-expert.com assumes no obligation to inform any person of any changes in the tax law or other factors that could affect the information contained herein.
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