There are many benefits to exchanging your older windows for replacement windows from Renewal by Andersen of Central New Jersey. Some of these benefits include a fresh new look for your home and added energy efficiency that saves you money when the time comes to pay your utility bills. But did you know you can also save money on your taxes when you install Renewal by Andersern replacement windows?
It’s a Global Shift toward Energy Efficiency
It should come as no surprise to you that the world is shifting toward more energy-efficient technology, and often, in an effort to move these kinds of shifts along, an incentive is put in place in order to motivate consumers to select energy efficient products. When it comes to replacement windows, that incentive exists in the form of a federal tax credit. In addition to the other benefits of replacement windows, this tax credit provides you with the opportunity to save some more money on an already good decision. In this post, we’ll discuss everything you need to know about this tax credit, and how you can take advantage of it.
How Much is the Tax Credit for Replacement Windows?
When you bring up the potential of a tax credit, the first question on everyone’s mind is: how much is the credit worth? Calculating the number is very simple; the consumer receives 10 percent of the cost of the energy efficient replacement windows, up to $200.
How to Get Your Tax Credit for Your Replacement Windows
Not every replacement window qualifies for the tax credit. Like so many things in this world, the criteria that must be met in order for your windows to qualify for the credit is not as simple as finding the number. To qualify, the windows you install must be ENERGY STAR certified by the National Fenestration Rating Council (NFRC) and manufactured by an ENERGY STAR partner. This criteria is to ensure that windows being installed are as energy efficient as they need to be in order to be eligible for the tax credit. Even with those standards met, there are a few other requirements concerning the residence that will be affected by the installation. First, the home where the windows are being installed must be a primary residence, and second, the home can be neither a rental nor new construction.
More Information about the Federal Tax Credit
If you can look at the laundry list of requirements with confidence and say that you are comfortable that your replacement window installation would qualify, we can move onto the details of the tax credit. When considering the purchase, it is important to take note that the cost of the installation of your new windows will not count toward the tax credit you receive. The only cost that is used to determine the credit is the actual cost of the physical windows. Fortunately though, with a little bit of bad news, comes some good news. If you aren’t looking to replace every window in your home, even just one or two, the installation of energy efficient windows in their place can still qualify you for a credit.
Act Now! The Tax Credit Expires Soon
If replacing your windows with more energy efficient models is something that you think you would like to do, the time to begin that process is now. Any windows that are installed later than December 31, 2013 will not qualify for the credit. Don’t let the time slip by you and force you to miss out on earning back 10 percent on the cost of your windows. Speak to an Andersen representative today for more information.
Contact Renewal by Andersen for More Information
Renewal by Andersen of Central New Jersey is looking to help you benefit fully from your replacement window experience. As a subsidiary of Andersen Windows, we have been providing people with quality windows for generations, and your satisfaction is our number one priority. Our experienced design consultants are available to answer any question or concern you may have regarding your potential tax credit or any else. Call us today at 1-888-826-2451 or fill out the short form on this page for a free design consultation.