01/12/2023
Energy Tax Credit for New Windows and Doors
How Energy Tax Credits Can Benefit Homeowners Save on Exterior Remodeling ⬇️
What This Means for Window & Door Replacement Customers?
To qualify for the energy efficiency tax credits, replacement windows, and exterior doors must meet the “most efficient” criteria established by the ENERGY STAR® program. For qualified upgrades, the annual tax credit will equal 30% of the product cost up to:
$600 for energy-efficient replacement windows
$250 per energy-efficient entry or patio door, with a maximum total credit of $500
Precisely What Is Income Tax Credits?
Unlike deductions and exemptions, which can reduce the amount of your taxable income, a tax credit is subtracted dollar for dollar from the taxes you owe. For example, select qualifying energy-efficient replacement windows, patio, or entry doors. You may be able to deduct up to 30% of the cost from your federal income tax bill, subject to the annual cap.
Stop in to get your quote today and reach out to your accountant to learn more.