What you need to know...
Tax credit applies to qualified energy efficient home improvements*
- Must be a taxpayer's primary residence in the United States
- Must be used for remodeling or replacement (new construction does not qualify for the new tax credit)
- Product must be purchased and placed in service during 2011
Tax Credit is 10% of the product cost up to the caps below and a lifetime limit of $500 *
- $200 for windows and skylights
- $500 for exterior doors
- $500 is a combined total for energy efficiency improvements a homeowner can claim from January 1, 2006 to December 31, 2011 including other eligible items listed in the IRS Notice
- Installation and other labor costs do not qualify for tax credit
Homeowner needs proof of purchase and product performance*
- Proof of purchase: Sales receipt (Federal law requires itemized receipts) for product(s) only
- Product performance: Product labels or manufacturer's certification statement
* All Energy Star® qualified windows, skylights and exterior doors are eligible. The tax credit begins January 1, 2011 and expires December 31, 2011. Purchasers of qualifying windows, skylights and exterior doors must have them installed in their principal residence by December 31, 2011.
The above is the best available information and is a partial summary of the revisions to the IRS Federal Tax Code (U.S. Code Title 26, Section 25C) amended by the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (H.R 4853). Taxpayers should contact an accountant or other tax professional for advice and guidance related to the specific tax credits. Other energy efficient improvements may apply; check the following links for more updated details and information:
Energy Star Website
FAS Windows & Doors bears no responsibility for validating or obtaining the tax credit and expressly disclaims any responsibility for determining whether a partial purchase or application qualifies for the tax credit. Further, FAS Windows & Doors does not intend to and is not providing legal or tax advice and recommends that purchasers consult their own tax adviser or the IRS to determining whether the products they purchase for a particular application qualify for the tax credit.