Let the 2010 Energy Savings Tax Plan Work for You
Congress Provides New Replacement Window Incentives
The recently passed American Recovery and Reinvestment Act of 2010, aka the Stimulus Bill, offers homeowners tax incentives for improving your home’s energy efficiency. Beginning January 1, 2010, the United States Government will be providing up to 30% (up to $1500) back on the cost of any window, door, or vinyl siding upgrades that will reduce energy consumption. The rebate will be in the form of a tax credit, reducing the cost of Window World’s already low prices by an additional 30%.
Qualifying for the Tax Credit Program is Simple:
To get in on the energy cost savings, as well as the attractive tax incentives:
- Purchase energy efficient qualifying windows/doors from Window World, and keep your sales receipt as well as the NFRC/ENERGYSTAR labels.
- Have your windows/doors installed anytime between January 1, 2010 and December 31, 2010.
- Using your sales receipt and ENERGYSTAR proof of purchase labels, claim the tax credit on your tax filing for the 2010 tax year.
In order to qualify for the Tax Credit Program, a vinyl replacement window/door must carry a U-Factor and Solar Heat Gain Coefficient (SHGC) which is less than or equal to 0.30. For more information regarding replacement window/door energy ratings and qualifying products, please visit the ENERGY STAR® website. Be sure to specify to your Window World salesman that you wish to purchase Window World Low-E energy efficient windows.
* -Taxpayers are advised to consult with the IRS regarding any updates to the IRS interim guidance in Notice 2006-26 for further details on the tax credit. Other energy efficiency improvements may apply; Taxpayers should consult with a professional tax advisor or the IRS.
Frequently Asked Questions
1. What qualifies as an "energy efficient replacement window"?
2. How do I know if my home needs new replacement windows?
3. How can I find out the energy efficiency of a replacement window?
4. How much money can I save with the Tax Credit Program?
5. Why would I purchase Energy Efficient windows instead of standard quality windows?
6. What causes the fogginess inside my windows? Are they not insulating properly?
7. How do I begin my Tax Credit Program?
- What qualifies as an "energy efficient replacement window"?
- A vinyl replacement window is a newer, more modern upgrade to an existing window. Replacement windows are specifically crafted for the perfect fit of the older window. New replacement windows are installed with no damage to existing walls or exteriors, and will make the home look more sleek and modern. In order to be energy efficient, windows must carry a U-Factor rating of 0.3 or lower.
- How do I know if my home needs new replacement windows?
- here are many warning signs that hint that new replacement windows are necessary:
- Windows are difficult to open/close.
- Windows are dropping, and will not stay in a locked position.
- Drafts, leaks, or gaps around the edges of window frames.
- Fogging and icing on the inner edges of window panes.
- Excessive outside noise not being filtered out when window is shut.
- Paint is missing, chipped, peeled, or cracked around the window frames.
- Wind causes windows to rattle, vibrate, or clatter.
- Home seems too hot in the summer or too cold in the winter months.
- Breezes are felt near the window, even when closed.
- How can I find out the energy efficiency of a replacement window?
- Every window sold at Window World franchised locations is labeled with a NFRC rating. The National Fenestration Rating Council is an independent organization that tests how well windows transfer (or insulate against) heat and cold. The rating is known as the "U-Factor" and the lower the factor, the better insulating rating of the window.
- How much money can I save with the Tax Credit Program?
- The Federal Government allows for a 30% tax credit up to a maximum of $1,500. For example, a $4,000 purchase would allow for the maximum $1,200 credit, while a $3,000 purchase would allow for a $900 tax credit. Credits are to be filed with the homeowner’s 2010 taxes.
- Why would I purchase Energy Efficient windows instead of standard quality windows?
- Energy Efficient windows offer various benefits over standard windows, including:
- Better home insulation, creating more comfortable summer and winter months.
- Lower energy bills, due to a reduction in energy used to heat & cool the home.
- Government Tax Credits of up to $1,500.
- Increased property value, because of a higher quality replacement window.
- What causes the fogginess inside my windows? Are they not insulating properly?
- The fog inside windows is actually condensation, caused by humidity in the air. Leaks or cracks within the glass can cause excess fogging, and this is a common problem in older windows. New replacement windows from Window World are better insulated than older windows, and will therefore reduce the condensation on the glass as much as possible. Especially in high-humidity areas, window condensation will likely not be completely removed, but our windows will minimize the issue.
- How do I begin my Tax Credit Program?
- The first step is to contact Window World Inc. for a free in-home consultation and demonstration. One of our certified vinyl replacement window consultation specialists will discuss your window options, and which styles and designs may be best for your home’s needs.
