American Recovery and Reinvestment Act of 2009 (Stimulus package)
In the Stimulus Act there was approximately $4.3 billion set aside as home energy tax credit. Homeowners who make their homes more energy-efficient in 2009 and 2010, could recoup 30 percent of the cost up to $1,500 of numerous projects, such as installing energy-efficient windows.
To qualify for the tax credit, the windows must meet some strict energy efficiency requirements: Windows, doors and skylights will need to have a u-factor at 0.30 or below and SHGC at 0.30. If reached homeowners will receive a credit of up to 30 percent of the cost of qualifying energy efficient windows up to a maximum $1,500 for a household for 2009 and 2010. See details at www.EnergyStar.gov
Empire Pacific Windows is an Energy Star® partner producing high efficiency windows and doors and a founding member of the NFRC. Building stylish, durable and energy efficient windows is our passion. Everything we sell is custom made so please see a dealer near you.
To qualify and receive your rebate:
• Improvements made in 2009 will be claimed on your 2009 taxes (filed by April 15, 2010) — use IRS Tax Form 5695 (2009 version) — it will be available late 2009 or early 2010
• Please keep your receipt and NFRC Labels for proof of sale and record
• The windows must be installed in your primary residence
• If you are building a new home you are not eligible for the tax credit
• Not all energy star products qualify
•Please keep a copy of our certification statement for your records
EPW does not intend to provide and is not providing legal or tax advice on this web site and recommends that purchasers consult their own tax advisor to determine whether the windows and doors they purchase qualify for the tax credit. EPW bears no responsibility for the validation of obtaining the tax credit. EPW is not a tax advisor and recommends you consult your tax planner and review all IRS guidelines.
This information is a 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 with IRS regarding updates to the IRS interim guidance in Notice 2006-26. Check the IRS website for more details. |
