Learn About Tax Credits for Energy-Efficient Windows and Doors
Did you know that you could get some money back from the government just for replacing your windows and doors? Energy-efficient windows and doors that have earned the ENERGY STAR seal of approval (like Feldco windows and doors) are eligible for this tax credit.
Below, we’ll break down the details of this government tax credit and explain what you need to do.
Details of the Tax Credit for Replacement Windows
According to energystar.gov, the Environmental Protection Agency’s government website, you can receive a tax credit on ENERGY STAR replacement windows of up to 10% of the cost of the windows up to $200. Not bad considering you might have thought about replacing your old windows anyway.
One thing to note is that this figure doesn’t include the price of window installation, and applies only to the purchase price of your new windows.
The only other requirement is that the windows that you purchase must be ENERGY STAR approved by the government. Feldco windows are eligible.
What’s the Tax Credit for Replacing Doors?
If you’re planning on replacing an entry door, storm door or patio door, you are eligible to receive up to 10% of the cost of the door up to $500. That’s not a bad deal at all!
Again, the door you choose must be ENERGY STAR certified but we’ve got you covered with all of our energy-efficient doors.
What Else Do I Need to Qualify?
Apart from the windows and doors being ENERGY STAR certified, they must also be installed in your “principle residence” or the home where you live most of the time in the United States. The home can be a house, houseboat, mobile home, co-op apartment, condo or a manufactured home.
Also, you don’t have to replace all of the windows and doors in your home to qualify for these tax credits.
How to Apply for Window and Door Tax Credits
If you’ve bought energy-efficient windows and doors and want to receive your due credit, you have to fill out tax form 5695 from the IRS.
Similar to any other tax form, form 5695 requires you to calculate your credit and enter it on line 15 of the form. Once filled out, file form 5695 with your regular income taxes.
Summary of Tax Credit Information for Eligible Windows and Doors
Here’s a short list of what you need to know:
- You have to purchase the windows or doors by the end of calendar year
- The credit for windows is 10% of the cost of the windows up to $200
- The credit for doors is 10% of the cost of the door(s) up to $500
- The credit does not apply to costs for installation of the product(s)
- Only ENERGY STAR windows and doors apply for the tax credit
- You don’t have to replace all the windows or doors in your home to qualify
- You have to be a taxpayer and reside in the home most of the time
- The home must be located in the United States
What Are You Waiting For?
The tax credit is only good until the end of the year so hurry and get a free quote on windows or doors right now! It’s a great time to buy new energy-efficient windows and doors will save you in the long run, in fact, probably much more money than this government tax credit offers.
Useful Resources
- The ENERGY STAR website (energystar.gov)
- Full details of the program for windows and doors
- IRS tax forms listing
- IRS form 5695
