FAQ For Energy Efficiency Tax Credits For Window Tints
If you are on the fence about window tinting, you should know that you are eligible for tax credits should you install them. That's right: the government will give you money back for utilizing energy-efficient options in your home. But what are these tax credits? How do you get them? And how much can you save?
What Are Window Tint Tax Credits?
Window tint or film tax credits are tax-breaks offered to people who install these items in their home. They are designed to promote increased energy efficiency and decrease exposure of UV rays. Tax breaks like this vary, depending on the type of tax break for which you apply.
For example, congress extended $500 tax breaks specifically for window tint and film in 2015, extending that tax break into the next tax season. However, it's also possible to qualify for separate energy-efficient tax breaks that can save you even more money.
How Do I Get Them?
First of all, you have to check what type of window film tints qualify for your climate zone. There are dozens of options to choose from, but generally, stronger tints are more likely to qualify in areas with higher UV ray exposure (such as the south).
Essentially, you are limited to the tinting that eliminates UV rays at a level determined not too high or too low. That amount will, again, vary depending on your area. Once you've figured that out and installed your tint, you need to submit IRS Form 5695 with your tax return.
How Much Can I Save With Window Tinting?
The government offers homeowners a 30% tax credit on the cost of any alternative energy equipment that you install in your home. This includes any energy-efficient window tinting or efficient windows you may install before tinting. It also includes a wide range of items, including:
- Solar equipment – water heaters, electrical equipment, etc.
- Wind turbines
- Approved insulation
The great thing about these tax credits is that they can be carried forward. So if your tax credits are worth more than you owe, you'll get a break on the next year's credit. This is true of all energy-efficient installation, including window tinting.
That's why it's worth looking into window tinting for your home. It will not only cut down on heat and UV-ray damage in your home, but can save you hundreds and even thousands of dollars in tax breaks. Call a professional window installation expert right away to find out more about pricing.
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