Energy Tax Credit up to $1,500!

The recently passed Economic Stimulus package (the American Recovery and Reinvestment Act of 2009) includes federal tax credit for homeowners who make energy efficient improvements to their homes. Replacing windows and doors with energy efficient Plum products qualifies for this tax credit!

To qualify, a high level of energy efficiency is required. Plum  products meet those qualifications with high performance LoĒ³-366 glass. LoĒ³-366 is available on all Plum windows and doors, so homeowners can increase the energy efficiency of their homes and qualify for the $1,500 tax credit!

Qualifications for Energy Tax Credit

  1. Replace your old windows and doors with qualifying Plum products any time in 2009 or 2010. According to the Internal Revenue Service, Energy Star certified products purchased before June 1, 2009 qualify for the tax credit. After June 1, 2009 a U-factor of less than 0.30 and a SHGC (Solar Heat Gain Coefficient) of less than 0.30 are required to qualify.
  2. Consult Internal Revenue Service rules for additional forms and a complete description of the Tax Credit requirements.

    3.  

    Click here for information on qualifying Plum products with LoĒ³-366 glass.

  3. Save the purchase receipt and all NFRC/Energy Star labels from the windows and doors installed. These materials are not required to claim the credit but will be needed if you are audited.
  4. Claim the tax credit for your qualifying purchase on your federal taxes for the 2009 and/or 2010 tax year. The claim can be submitted on IRS Tax Form 5695. The 2009 version of Form 5695 will be available late 2009 or early 2010 on the Energy Star and the IRS websites.

 

Details of Energy Tax Credit

  1. The tax credit is based on 30% of the cost of window and door products up to $1,500. Installation of the windows and doors does not qualify for the tax credit.
  2. The credit is available on projects completed in 2009 and 2010 for a total of $1,500 over the two-year period.
  3. The credit applies to the homeowner’s principal residence only.
  4. A tax credit is a dollar-for-dollar reduction subtracted from your tax liability. Therefore, $1,500 can be subtracted directly from the amount of tax that is owed or added to a refund!

 

This summary information is provided as a convenience and may not be relied upon as a substitute for professional tax advice. Infinity disclaims all responsibility for determining whether a particular product qualifies for this or any other tax credit. All purchasers are advised to consult a professional tax advisor to determine whether the products they purchase qualify for the tax credit. More information is available at www.energystar.gov/taxcredit.