2009 Federal Tax Credit for Home Window Tint
The 2009 American Recovery and Reinvestment Act reinstated federal tax cuts for consumers who make certain energy-efficient improvements to their home. For 2009, window film has been added to the list of improvements. Now anyone who has purchased qualifying solar control window film between Jan. 1 and Dec. 31, 2009 can receive a 2009 tax credit. For those who have not yet purchased film, they still have time. Purchase the product before Dec. 31, 2009 to receive a 2009 tax credit.
Money in Your Pocket
A tax credit is more valuable than a tax deduction. Tax credits directly reduces your income tax, unlike a deduction, which reduces the amount of income subject to tax. The credit then directly increases the tax refund you receive or decreases the amount you have to pay. Homeowners can receive a 30 percent credit on the costs of window film, up to $1500. Installation charges do not apply.
Making it Simple
Complete 2009 version of IRS form 5695 and file 2009 Income Tax Returns by April 15, 2010. Forms will be available for downloadable at www.energystar.gov or www.irs.gov, along with a list of other available energy efficiency tax credits. Maintain copies of the dealer invoice for the window film product, separated by cost for film and installation. Installation costs are not elegible for the tax credit. You will also need a copy of the manufacturer’s certification statement which determines which products qualify based upon where you reside. Make sure you keep a copy of both for your records.
Two Ways to Save Money
Energy efficiency can lower your federal tax bill and your monthly energy bill. Heat gained through windows makes up to 40 percent of your summer utility bill. Solar control window film reduces heat gain by 80 percent, which helps lower energy consumption and energy bills.
Other Benefits of Window Film
In addition to money savings, window film can increase indoor comfort, reduce fading of your home furnishings, and protect your family against harmful UV rays. Window film is also energy efficient. According to the Alliance to Save Energy, energy efficiency is the quickest, cheapest, and cleanest way to extend our world’s energy supplies.
To Purchase Film
This 30% window film tax credit only applies to the cost of window film. It cannot be applied for the cost of labor to install the film.
Additionally, window films sold at Home Depot, Lowes, or AutoZone do not qualify for the 2009 Tax Credit and are not tint brands that professional installers use or endorse.
For the best bang for buck, TintCenter recommends SnapTint Window Tint for DIY pre-cut window film for the following reasons:
- Top quality window film that pros use
- Pre-cut to thee exact sizes you need
- Qualifies for 2009 Tax Credit for Window Film
