Make sure you know how much the current replacement windows tax credit can help you
The windows tax credit was a beautiful thing to behold last year. But that was then and this is now – and we can only live in the now my dear homeowners. So now that the replacement windows tax credit has expired, what are your options for lowering the overall price of your next windows purchase and is there any new tax incentives available?
Today you’re going to learn a few helpful tips now that the replacement windows tax credit is a thing of the past. We’re going to show you how to avoid shady contractors claiming the full credit is still in effect, give you information regarding the current tax credit, and the reasons why right now is still the best time in over a decade to purchase the best home windows you can find.
Come On and Give Me Some Credit Here
If you’re a homeowner out there that still thinks last year’s $1,500 tax credit is available then we’ve got news for you. It’s no longer around. Sorry, but that boat has passed.
Here’s where you need to be very careful. There may be some window manufacturers or some local window companies out there marking down their outrageously high window prices to make you think you’re getting a tax credit.
Don’t believe it for a second. It’s just a promotional gimmick.
Can I Get Just a Little Bit of Credit Then?
You can still receive a tax credit when purchasing new windows this year, but it’s important to note that it’s been reduced by about 2/3. According to Energy Star:
Homeowners may receive no more than $500 total for all energy efficiency tax credits. These caps are also the new “lifetime limits” for the taxable years of 2006 to 2011. If you claimed an energy efficiency credit in a previous taxable year, please consult a tax professional to determine your remaining eligibility for this credit.
For 2011 a $200 tax credit is available for eligible windows and skylights; $500 is available for eligible doors.
But Wait! There’s More! Act Now In the Next 15 Minutes and …
Although the replacement windows tax credit is significantly less than last year, you can still save wheelbarrows full of cash. That’s because this is the best market homeowners have seen in over a decade for buying windows. You can find some truly amazing deals out there and talented contractors eager to install them.
If you’re still a bit unclear about the replacement windows tax credit situation, feel free to contact a HomeProHub Consultant today. We’ll give you free, unbiased advice to help you find the best deals on home windows that money can buy.