Tax Credit For Window Film?
Everyone asks us about the tax credit for window film. If you live in the northern portion of the US, unfortunately it’s a savings you probably won’t qualify for. The government requirements concerning energy tax credits for window film installed in the northern region of th US are as follows:
1) The windows the window film is being applied to must be double-pane insulated units
2) The windows must already have a low-e coating applied to them
3) The windows must have a vinyl frame
4) The installation must be in your principal residence
If you meet these requirements, you will eligible to get back 10% of the cost of the window film (not including the cost of the installation), with a maximum credit of $500 (This post updated 3/1/2011).
By Jason Deirmenjian - Tampa CPA, January 6, 2011 @ 12:53 am
There are also special tax deductions for “Green” Commercial Buildings. To be specific, it’s called the EPAct 179D Energy Tax Deduction.
By Santa Rosa Window Tint, March 1, 2011 @ 3:21 am
What would be a good source to read about tax deductions in regards to film?
By Administrator, March 1, 2011 @ 8:10 am
The tax credit has been reduced from before. See below.
Tax Credit: 10% of cost up to $500 or a specific amount from $50 – $300
Expires: December 31, 2011
Details: Must be an existing home & your principal residence. New construction and rentals do not qualify.
Pretty much everything you need to know about your film’s eligibility conditions can be found by going to your film manufacturer’s website. Each type of film has eligibility depending on the “climate zone”, or area of the country the film was installed. Locate the manufacturer’s letter of compliance and read it to determine if your film qualifies for a credit in your climate zone. Once you’ve found that the film is eligible, print (2) copies of the letter so you have one to send in with your taxes and one for your records. If you’re having trouble finding the letter from your manufacturer, contact them by phone to ask them where you can find it or ask them to send you a copy. Here is a short list of links to manufacturer certification letters:
V-Kool
Madico
Solargard
Llumar
Vista
Huper Optik
Sun Tek
Panorama
3M
That’s it. If you have any other questions, let us know.