New tax incentives make this the RIGHT TIME to replace your old, inefficient windows with qualifying replacement windows. I am excited to tell you that when the American Recovery & Investment Act of 2009 was signed on February 17, it included a major consumer tax credit that provides funds for replacement windows. Based on average window replacement costs, the credit can mean a 30% discount on new windows for your home. Don’t miss out on this opportunity to save money – on your windows now and on your energy costs forever!
Randy Fried |
3/10/2009 12:00:00 AM |
Revisions to the New Federal Tax Credits for Residential Renewable Energy Systems:
To help homeowners invest in Renewable Energy systems, the U.S. Government has approved new incentives for the installation of residential systems that provide renewable, solar, green, and alternative energy benefits. The former incentives expired December 31, 2008, and had provided for a 30% Federal Tax credit for any qualified installations with a maximum cap of $2,000.00. The NEW incentives no longer requires the $2,000 cap effective as of January 1, 2009, and maintains up to a 30% tax credit for specified equipment, with the most value going towards solar energy installations. For anyone who needs to file their 2008 tax credit to deduct qualified installed equipment costs, the following link to form 5695 should be helpful, http://www.irs.gov/pub/irs-pdf/f5695.pdf .