While we know that replacement windows can save money with increased energy efficiency and by bringing a nice return on investment in added home value, they can also earn you money with federal tax credits. The American Taxpayer Relief Act of 2012 was approved by Congress on January 3, 2013 to extend energy tax credit provisions for homeowners that make energy efficient upgrades to their home. This Act covers improvements that include energy efficient insulation, air sealing, exterior doors, and skylights as well as replacement windows.
The tax credit that can be claimed for replacement windows is 10% of the material cost for up to $200; the installation cost is not included. In order for the federal tax credit to be claimed for window replacement, the new windows must meet Energy Star requirements. These requirements include a performance value equal to or below a 0.30 U factor and a Solar Heat Gain Coefficient of 0.30. The window replacement must also be done by the end of 2013 for the credits to be redeemable.
Green T Windows offers window replacements and installation for casement, double hung, garden, basement/ escape, sliders, picture, awning/hopper, and bay/bow windows. Each of our window replacements are Energy Star qualified and either meet or exceed the Illinois Energy Efficient Building Act requirements. These windows are made from 100% pure, virgin vinyl that is extremely durable and forms a better seal for increased energy efficiency. Make sure to contact Green T Windows for vinyl replacements before the end of 2013 to qualify for the tax credits of the American Taxpayer Relief Act of 2012. Our windows will save you money on energy bills, provide a nice return on investment, and make you eligible for federal tax credits.