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.