March 6th, 2009
Looking to replace your windows this year? Well, look out, you may qualify for newly increased tax credits of up to $1,500 if you install an energy-saving product.
The new government stimulus package includes tax credits for energy-efficient home improvements such as installing new exterior windows, doors, air conditioning systems or insulation. The new legislation extends tax credits through 2010. Most of these improvements were increased from $500 to the new $1500 cap; a cap of $200 for windows was removed.
If windows are on your mind, SeriousWindows, of Sunnyvale, Calif., is promoting energy efficient models that it claims are 200 to 400 percent more efficient than regular old Energy Star rated windows.
Many other firms sell windows, and many of those meet the Energy Star designation; windows must at least meet that test to qualify for receiving a tax credit.
The Energy Star website can help you sort out what qualifies for tax credits, and get you up to speed generally on windows, skylights and doors, which can be leaky sieves sabotaging the ability of a house to save energy .
More guidance about the new tax credits is available through the Alliance to Save Energy. A tax credit, unlike a rebate, lowers the amount of money you owe in federal income tax.
Of course, as important, is the utility costs you save from having a more energy-efficient home.
For more news on windows, see KGO’s story on the window glass of the future being developed at UC-Berkeley.
Copyright © 2009 Green Right Now | Distributed by Noofangle Media
