The American Recovery and Reinvestment Act of 2009, signed by President Obama on February 17, 2009 has revised the Energy Efficient tax credit in some positive ways. These new additions/changes have created an amazing Win, Win, and Win again situation for homeowners to reap great tax benefits by upgrading to energy efficient windows AND cut down on energy costs at the same time.
However, before you go out and purchase the first Energy Star efficient windows that you come across make sure they qualify for the energy efficient tax credit as the standard have increased significantly.
Below is a break down of the new Energy Efficient Tax Credit:
- Energy Efficient tax credit has been extended to include both 2009 and 2010.
- The maximum tax credit is 30% of costs, not to exceed $1500.
- Windows must meet the following minimum standards (warning not all energy star rated windows qualify)
So how do you know what type of windows qualify? Be sure to check the windows' National Fenestration Rating Council (NFRC) label and make sure that the windows meet this minimum requirement of having both the U- Factor and Solar Heat Gain Coefficient (SHGC) are less than 0.30.
The picture below was obtained from BFRich GreenShield Window Systems website: http://www.bfrich.com/tax%20credit.html- The BFRICH GreenShield Window Systems are energy star rated and qualify for tax credits in all 50 states.
For information about the Knoxville, TN real estate visit www.HomesForSaleKnoxville.com
Interested in learning more "Green Tips" and "Green Inforamtion"? Check out our other Eco-minded Blogs:
Composting 101: What is Composting and Why Should Everyone Do it?
How to Exorcize the Vampire and Monsters in your Life- the "dangers" of phantom energy sources
I Am Proud to Say That Our Future Looks Greener, Thanks To Our Little Earth Stewards!
Color me Green- The In's and Out's of Low VOCs Paints
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Visit Christine McInerney and Jennifer Halinkowski with Southland GMAC Real Estate on-line at:
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Office: (865) 237-5289
Christine (865) 237-5289 and Jennifer (865) 621-3658
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Christine McInerney and Jennifer Halinkowski - Knoxville TN Real Estate - Keller Williams Realty Knoxville Copyright © 2009
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Excellent information ladies! We are going to replace some of the windows in our home this year. Will make sure the meet the guidelines above.
Christine and Jennifer....I have been reading some of your past post and you give out some great info thanks for posting this and I am subscibing to your blog....so who's doing the writing? peace zane
Hi Zane, Thanks for the compliment and for the blog subscription. I, Christine McInerney (the one on the left) is the "usual" blog writer. Jennifer is more in charge of the SEO portion of our online business.
This is great information you're sharing. I like the way you design you lay out your post. They're informative and easy to read.
Thanks for the information. Another good idea is to check with your local utility company. In some cases they have additional rebates and/or financing as well as recommended contractors. Many of the contractors in our area will also fill out all the forms and verification information to receive the tax credit.
Good information. Homeowners need to understand what qualifies and what doesn't. Good post to re-blog.