Tax Credits for Qualified Energy Efficiency Improvements*
The federal tax credit has not been renewed for 2017. However in prior years this tax credit has been renewed retroactively in the following year. Please check back here for updates or contact us to get connected with a local representative who may be able to assist with city and state tax credits.
You may be entitled to a tax credit of up to $500*** if you installed or plan to install energy efficiency measures in 2012 through 2016.** Federal tax credits for certain energy-efficient improvements to existing homes have been extended through December 31, 2016. If you purchased and installed a qualifying product in 2012-2016, you may qualify for this tax credit.
HOW TO QUALIFY FOR THE TAX CREDIT:**
- Purchase and install qualifying Indow® Windows for the primary purpose of air sealing your home, beginning January 1, 2012 through December 31, 2016.**
- Save your sales receipt and a copy of the Indow Windows Manufacturer’s Certification Statement.
- Claim the tax credit associated with your qualifying purchase and installation on your Federal filing for the 2012, 2013, 2014, 2015, and 2016 tax year as applicable (see IRS form 5695).
- Tax credit is for the cost of the product only. The credit does not include installation costs.
- Tax credit is 10% of the amount paid up to the maximums listed below.***
- $500 total maximum tax credit for any and all improvements, including other eligible items as listed in the IRS Notice (Section 25C of the Internal Revenue Code).
- If a combination of energy efficiency measures are purchased, the total maximum credit is $500.
- The tax credit is an extension of the 2011 tax credit, which means all previous federal tax credits are attributable to the lifetime maximum credit. A homeowner who has already used up the $500 credit from the 2006/2007 and 2011-2015 tax credit or the $1,500 tax credit from 2009/2010 is no longer eligible for this tax credit extension.
*This is a summary of the tax credit elements related to energy efficiency measures as set forth in Protecting Americans from Tax Hikes Act (PATH Act), which among other things, extends, with modifications, the tax credits in Section 25C of the Internal Revenue Code. Indow Windows bears no responsibility for validating or obtaining the tax credit and expressly disclaims any responsibility for determining whether a particular purchase or application qualifies for the tax credit. Further, Indow Windows does not intend to and is not providing legal or tax advice and recommends that purchasers consult their own tax advisor or the IRS to determine whether the products they purchase for a particular application qualify for the tax credit.
** Please consult your tax planner and review all IRS guidelines. Indow Windows is not a tax advisor.
***These credits, which include the aggregate of all current and prior taxable years, cannot exceed the maximums listed for any taxpayer. “Indow”” and all other marks where denoted are trademarks of Indow Windows. © 2016 Indow Windows. All rights reserved.
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