The Energy Tax Credit - 2011

The 2011 Federal Tax Credit (Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act) has been signed into law on December 17, 2010. In this, Congress has reduced the federal tax credit for energy-efficient windows and doors and changed the qualifying criteria. Below is a summary:

 

Qualifying Products: All Energy Star® qualified windows and doors are eligible. Products must be installed in a consumer's existing primary residence; new construction is not eligible.

Credit Amount: Consumers can claim a credit of 10% up to $200 of the purchase price of qualifying windows and doors. Installation costs are not included.

Lifetime Cap: There is now a lifetime limit of $200 for windows in total credits that a homeowner can claim from Jan 1, 2006 to Dec. 31, 2011. It is not on top of the $1,500 limit in 2009-2010. So if you have already reached or exceeded the $200  limit, you are no longer eligible to claim the credit in 2011.

Duration: The revised tax credits is in effect for products installed in a consumer's primary residence between January 1 and December 31, 2011.

The government is expected to post additional information and www.energystar.gov. The IRS is expected to post official guidance at www.irs.gov in early 2011. Circumstances vary widely, so consumers should consult their tax adviser for future guidance.

Homeowners need to save their receipts for their windows purchased along with all window labels and stickers to apply for the tax credit.

 

	Energy Star Information	How to Qualify

Many MI Windows and Doors or Certainteed products with high performance glass (Eastern: TMAX, TMAX Extreme, Thermaflect, Thermaflect Extreme, Green & Clean, Green & Clean Extreme, Western:  LoE 366) will qualify when used for remodeling, replacement or home improvement. Please consult your tax planner and review all IRS guidelines. MI Windows and Doors is not a tax advisor.


MI Windows and Doors expressly disclaims any responsibility for determining whether a particular product qualifies for the tax credit. Further, MI does not intend to and is not providing legal or tax advice and recommends that purchasers consult their own tax advisor to determine whether the products they purchase qualify for the tax credit.

"ENERGY STAR" is a registered trademark of the U.S. Environmental Protection Agency. “MI Windows and Doors, Inc.” and the MI logo are registered trademarks of MI Windows and Doors, Inc. All other marks where denoted are marks of MI Windows and Doors.  All rights reserved