What makes a window “energy efficient”?
There are many components to a window that make it energy efficient. The frames of the windows have been improved to reduce heat transfer and insulate the window better. The windows come with a coating that reflects infrared light that helps keep the heat inside and to prevent heat from getting in during summer months. If you have purchased double pane windows than you may be surprised to learn that a special non-toxic gas has been inserted between the panes that will insulate much better than air. They have also developed new edge spacers that will help reduce the flow of heat and to help prevent any condensation.
What does this mean for you?
If you plan on purchasing energy efficient windows this year then you may be able to take advantage of a great new tax credit aimed. This credit will be applied against any new window purchasing during the upcoming tax year that qualifies as energy efficient. You could receive a tax credit for up to 30% of your window purchase that caps out at a $1,500.00 credit. The windows must be placed in service from January 1st, 2009 through December 31, 2010 The windows must be federal guidelines to be considered energy efficient.
To learn more about the energy efficient guidelines, visit TurboTax Online. Just answer a few simple questions and TurboTax will determine the amount of credit you are eligible for.
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