Let the Energy Savings Tax Plan Work for You in 2011:Congress Provides New Replacement Window IncentivesThe United States tax credit was amended and extended through December 31, 2011 by the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. As of January 1, 2011 several characteristics of this credit will change from their current form. Most significantly, the cap will be reduced from $1,500 to $500. The cap is on the total amount of credits a homeowner may claim between 2006 and 2011, not just for 2011. If a homeowner has already claimed $500 or more in credit through this allowance, they will be unable to claim new credits for improvements made during 2011. The newly enacted American Recovery and Reinvestment Act of 2010, or the Stimulus Bill, has officially been extended into 2011, with stipulations. The bill offers homeowners incentives for improving their home’s energy efficiency. For 2011, the tax credit for qualified energy efficiency improvements will cover up to 10% of the total cost of replacement windows, up to a total of $500 ($200 maximum for windows alone, $500 for energy efficient windows and doors). For example, if you purchase $5,000 worth of upgraded-glass windows and doors from Window World of Houston, you may get the maximum 10% tax credit of $500 - making the real cost of your windows only $4,500. This is an aggregate tax credit from 2006-2011, meaning any homeowner who has already received credit on energy efficient home improvements and appliances is not eligible for the 2011 tax credit. Now, in addition to Window World of Houston's professional consultation, expert installation and already lower prices, you get an additional 10% off the cost of your windows! Qualifying and Claiming Tax Credit is EasyTo get in on the energy cost savings, as well as the attractive tax incentives:
A "qualifying" window or door is one that carries both a U-Factor equal to or less than 0.30 and a Solar Heat Gain Coefficient (SHGC) equal to or less than 0.30. You can find more information on energy ratings and qualifying products at the ENERGY STAR® website. Replacement Windows: The Time is NowCustom-built replacement windows from Window World of Houston are a wise choice. They add value to the home and save money on energy costs. And now, with new federal incentives, replacement windows are more affordable than ever. So, call Window World of Houston to schedule a free, no-obligation in-home window demonstration today. There’s never been a better time to invest in energy savings! Frequently Asked Questions about the Tax Credit
What is the definition of a “replacement window?”
Do I need new replacement windows?
What causes the fog inside my windows? Replacement windows from Window World of Houston are better insulated than your old windows. This keeps the glass warmer, and helps prevent condensation from forming on your windows. Note that if you live in a highly-humid environment, it is very difficult to completely prevent condensation from forming on your windows. Lowering the humidity in your home will help, however.
How do you determine the energy efficiency of a replacement window?
I often hear that replacement windows "pay for themselves." Is this true?
Isn’t there some kind of tax incentive to install replacement windows?
So, how do I get started? The above summary represents the best available information. It is a partial summary of the revisions to the federal tax code (U.S. Code Title 26, Section 25C) as updated by the American Recovery and Reinvestment Act of 2009. 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 check the following link and the IRS website for further details (http://www.irs.gov/newsroom/article/0,,id=154657,00.html). Window World of CSRA bears no responsibility in the validation of obtaining the tax credit. Taxpayers should consult with a professional tax advisor or the IRS. Additional information is available at: http://www.energystar.gov/. |






