Note: The deadline for 2010 Tax Credits has passed.
There are only 31 days left to make a qualifying purchase and install energy saving window treatments that will be eligible for federal tax credits this year. The deadline is December 31, 2010.
Did you know that you could get a tax credit for updating your window treatments? As one of the ways that the United States government is helping individuals to go green and reduce energy use, individuals are able to upgrade systems within their home and receive a tax credit for doing so. Only certain approved energy efficient upgrades will qualify, though.
What Is the Law?
The American Recovery and Reinvestment Act of 2009 established energy efficient improvements to existing homes. All purchases must be made between January 1, 2009 and December 31, 2010. Window treatments fall under the insulation aspect of this tax credit. You may clam a credit of up 30 percent of the purchase price off your 2009 or 2010 tax return, up to $1500.
There are a few products you can choose:
- Hunter Douglas offers their Duette Architella honeycomb shades. These are the only window shades that qualify without any add on insulation systems required. These products can double the energy efficiency of a window.
- ComfortTrex also provides a product to choose from called ComforTrack Plus Energy Saving Sidetrack Insulation System. This product works together with cellular shades to create a solid insulating barrier.
- The 3M Window Films on the market are also tax credit approved as they reduce up to 99 percent of the sun’s UV rays and reduce excessive heat gain.
With each of these window treatment products, you should check with the companies to confirm which specific products qualify for the tax credit and make sure to save all receipts and get copies of certification statements from the manufacturers. Keep in mind that measuring and installation costs will not be eligible for these tax credits. This is an easy way to invest in updating the look of your home and improve home energy efficiency for long term money saving.