Energy Tax Credit up to $1,500 Now Available!
The recently passed Economic Stimulus package (the American Recovery and Reinvestment Act of 2009) includes federal tax credits that encourage homeowners to make energy efficient improvements to their homes. Replacing windows and doors with energy efficient NT Window products can help you qualify for this tax credit!
How to Qualify:
- Replace old windows and doors with qualifying NT Window products with both a U-Factor and SHGC of 0.30 or lower between January 1, 2009 and December 31, 2010.Search for products with the Stimulus Approved symbol as they meet all requirements necessary to claim the available tax credit when ordered with the appropriate glass combination. Ask your NT Window dealer for more details.
- Save the purchase receipt and all NFRC labels from the windows and doors installed.
- Print and file the Manufacturer’s Certification Statement pertaining to the American Recovery and Reinvestment Act of 2009.
- Claim the tax credit associated with your qualifying purchase on your Federal tax filing for the 2009 and/or 2010 tax year.
Manufacturer’s Certification Statement
Details of the Tax Credit:
The tax credit is based on 30% of the cost of the product cost up to $1,500. For example, a purchase price totaling $5,000 of qualifying products will receive the maximum tax credit of $1,500.
- The credit is available on projects completed in 2009 and 2010 for a total of $1,500 over the two-year period.
- The credit applies to the homeowner’s principal residence only.
- A tax credit is a dollar-for-dollar reduction subtracted from your tax liability. Therefore, $1,500 can be subtracted directly from the amount of tax that is owed, or added to a tax refund.
- For more complete details on this tax credit and further instructions on how to claim the credit including appropriate IRS forms please visit the link below to visit the ENERGY STAR web site. http://www.energystar.gov
For more information, contact your NT Window dealer to help you choose the best NT Window products to suit your needs.
**The above is the best available information and is a partial summary of the revisions to the federal tax code (U.S. Code Title 26, Section 25C) as updated by the American Recovery and Reinvestment Act of 2009. Taxpayers should check IRS Notice 2009-53 for further details on the tax credit. Other energy efficient improvements may apply; check the following link and the IRS website for more details and updates:
http://www.irs.gov/newsroom/article/0,,id=205018,00.html