The recently signed American Recovery and Reinvestment Act includes tax credits for qualifying energy-saving home improvements. Immediately replacing the previous Emergency Economic Stabilization Act of 2008 tax credit for ENERGY STARÂ® windows and doors, the new stimulus bill significantly raises performance requirements for windows and doors qualifying for credits.
â€¢ Qualifications for exterior windows, doors, and skylights are that the component is equal to or below a U Factor of 0.30 and a SHGC of 0.30 for all U.S. climate zones.
â€¢ The U-Factor measures heat transmission through a window or door â€” a lower U-Factor equals better insulation.
â€¢ SHGC measures how well a window or door blocks heat from sunlight. The lower the value the better the unit keeps out solar heat.
â€¢ Between Jan. 1, 2009 and Dec. 31, 2010, U.S. homeowners may claim a tax credit up to 30 percent of the cost of qualifying replacement windows and doors installed in their principal residence, not exceeding $1,500.
â€¢ The tax credit applies to the price of qualifying windows and doors, but does not cover installation, on-site preparation, assembly or sales tax.
If you are thinking of building a new home this year, visit our exclusive collection of ENERGY STARÂ® house plans so you can maximize tax credits for years to come.