Energy Tax Credit 2009/2010
The economic stimulus bill, signed by President Obama, includes tax credit incentives to promote energy efficiency. The bill includes provisions for up to $1,500 in tax credits to homeowners for the installation of qualifying energy efficient products.
With the new stimulus plan, the qualifications for a tax credit are more rigid than ever. Windows and patio doors must provide high levels of energy efficiency in two categories: reduced heat loss and reduced heat gain. The measurement for heat loss, or U-Factor, and the measurement for heat gain the Solar Heat Gain Coefficient (SHGC), must both have an over-all rating of 0.30 or lower to qualify for the new tax credit.
This new tax credit is for 30% of the amount paid for the product up to a maximum of $1500 combined for 2009 and 2010. The tax credit is for the cost of the product only and does not include installation costs. A sales receipt must be included which shows the cost of the product only.
Check with the IRS website for more details or updates http://www.irs.gov/newsroom/article/0,,id=154658,00.html.
Note: Sun Windows is not a tax advisor so your tax planner should review all IRS guidelines.
Several Sun window & door products will qualify for the tax credit when using select high performance insulated glass packages. The Sun Product Performance Values charts lists the currently qualifying products. Refer to this chart to determine your application. For additional clarification, please contact Sun Windows.
You can count on Sun Windows to provide you with the products you need to improve the energy efficiency of your home while offering you quality and value. Not only will your heating and cooling bills be lowered, but you will be improving the market value of your home while taking advantage of the stimulus energy credit as well.
Download our Manufacturer's Certification Statement.
To Qualify:
1. Purchase qualifying Sun Window products. (See Sun Performance Values chart).
2. Retain your sales receipts for each qualifying purchase.
3. Download Sun's Manufacturer's Certification Statement.
4. Purchase and install the products between January 1, 2009 and December 31, 2010 and meet all the other requirements as specified in the federal tax code.
5. Claim the tax credit on your Federal filing for the 2009 and/or 2010 tax year.
2009 / 2010 Energy Tax Credit Information:
• Tax credit is for the taxpayer's primary residence in the United States.
• Qualifying products include exterior windows and doors.
• Tax credit is for the cost of the product only, not installation costs. Sales receipt must clearly indicate this value.
• Tax credit is 30% of the amount paid for the product up to a maximum of $1500 combined for 2009 and 2010.