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Consumer Tax
Credit
The American
Recovery and Reinvestment Act of 2009 includes a Federal Tax Credit for
up to
30% of the cost on qualifying home improvements.
Program Qualifications:
- Product must be installed
from January 1, 2009 - December 31, 2010.
- This tax credit applies to
non-business properties only.
- Product must be installed
in taxpayer's principal residence.
- Windows and doors meeting
the following criteria are eligible:
A U-Factor
of less than or equal to 0.30.
A Solar Heat
Gain Coefficient of less than or equal to 0.30.
If you are
building a new home, you can qualify for the tax credit for geothermal
heat
pumps, photovoltaics, solar water heaters, small wind systems and fuel
cells,
but you will not qualify for the tax credits for windows, doors,
insulation,
roofs, HVAC, or non-solar water heaters
Rebate
Amount:
The amount of
the rebate is calculated by determining 30% of the homeowners cost. The
maximum
credit amount is $1,500.
For More
Information visit
http://www.energystar.gov/index.cfm?c=windows_doors.pr_taxcredits
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