Federal Tax Credits – Stimulus Funds
The latest round of Federal Stimulus Money has created federal tax credits for home owners that install energy efficient windows. Whether you’re building a new house or renovating an existing one there is a nice Federal Tax Credit worth up to $1,500 for energy efficient windows that meet certian criteria.
Tax Credit Criteria
According to the Government’s Energy Star website , a tax credit is available for 30% of the cost up to $1,500 for energy effecient exterior windows. The windows must meet the following two criteria:
- U factor less than 0.30
- SHGC factor less than 0.30
Most decent window manufacturers make windows that easily qualify for these standards. If you think about it this basically means you can get up to 30% off of new windows. Also, with the current state of the economy many window manufacturers are running promotions right now to improve sales. This means it’s a really great time to buy new windows for your home.
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