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Federal Government $1,500 Stimulus Plan Tax Credit
The recent adoption of the stimulus package has resulted in enhancing the Energy Conservation Tax Credit for 2009 and 2010. The allowable tax credits have increased to 30% of the cost for home improvement energy conservation products which qualify up to an aggregate amount for 2009 and 2010 not to exceed $1,500. Exterior windows, doors and skylights are included in the Home Improvement Energy Conservation Tax Credit.

For exterior windows, doors and skylights to qualify they must achieve a U factor of .30 or lower and a solar heat gain coefficient (SHGC) of .30 or lower.  It is important to understand that windows, doors and skylight may be Energy Star rated although may not qualify for the tax incentives in the stimulus package.

How to Qualify for up to a $1,500 Tax Credit

Home Improvements:

1. Purchase windows and/or doors which meet the federal tax credit requirements and place the product in service from January 1, 2009 through December 31, 2010.

2. For record keeping you must save your sales receipt and the Windows Manufacturer Certification Statement to qualify.

3. Improvements made in 2009 will be claimed on your 2009 taxes (filed by April 15, 2010) - see IRS Form 5695 (2009 version) - available late 2009 or early 2010.

4. Must be for the taxpayers existing principal residence

This summary information is provided as an overview and is not to be used as a substitute for professional tax advice.  Wells Construction llc. disclaims all responsibility for determining whether a particular product qualifies for tax credits. All purchasers of window products are advised to consult with a professional tax advisor to determine if the products purchased qualify for the tax credit.

For more information please visit www.energystar.gov/taxcredit.


Office: 203-909-6225     Fax: 203-347-5699

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