10% Tax Credit
Save on energy efficient products!
Tax credit for qualifying windows, entry doors, & attic insulation have been extended into 2011. This new tax credit is limited to 10% of the product installed with maximum credit of $200 for qualifying windows and $500 for qualifying exterior entry doors, attic insulation, & the insulation that is used with siding. Maximum total credit of all products is $500. For example, if you use the $200 for windows you will only have $300 left for all other products. Homeowners, who have already claimed more than $200 for windows or $500 for entry doors & attic insulation since Jan 1, 2006, are disqualified from any further credits. Credit is based upon the amount spent on the product only. Installation labor costs are not included. Garage Doors don’t qualify for the tax credit.
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How do you qualify?
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Qualifying products must be installed starting Jan 1, 2011 continuing to Dec 31, 2011.
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Window example: $2000 spent on windows x 10% = $200 tax credit.
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Entry Door example: $5000 spent on Entry Door x 10%= $500 tax credit.
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Window & Door example: $2000 spent on Windows x 10% = $200 tax credit. $4000 spent on Doors x 10% = $400 tax credit. The total of windows and doors is $600 which is $100 over the $500 limit. Total tax credit = $500.
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Attic Insulation example: $5000 spent on Attic Insulation x 10%= $500 tax credit.
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This tax credit applies to taxpayer’s primary residence, not for commercial properties.
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Taxpayer should consult a tax professional for details.
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What products are eligible?
For more information, visit the official Energy Star Tax Credit website.
