Tax Credit Details IES of Central Florida
Energy Tax Credit For Window Film
A provision in the recent "Fiscal Cliff" Legislation
has created a tax credit opportunity for window films
installed in residential structures.
Under the legislation, the qualifying credit is 10% of the film cost with a maximum total credit of $500. The new policy is retroactive to January 1, 2012 and expires December 31,2013.
Window film tax credits vary by climate zone. Download tax credit qualification certificate documents, by manufacturer, below for more information.
Money in Your Pocket
A tax credit 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 10% credit on the costs of
window film, up to $500. Installation charges do not
Energy efficiency can lower your federal tax bill and your monthly energy bill. Heat gained through windows makes up to 40% of your summer utility bill. Solar control window film reduces heat gain by 80%, which helps lower energy consumption. One study showed an average summer cooling cost savings of $105.
Which Window Films Qualify?
To figure out which window films qualify for your
window type and specific climate zone, contact your
local Vistaâ„¢ window film dealer. Alternately, you can
consult the Vista Window Film Qualifying Products
Certification Statement that outlines which films, when
installed with different window/frame types, qualify for
climate zones defined by the 2009 International Energy
For more information, visit www.windowfilmtaxcredit.com
Making Window Film Tax Credits Simple
To take advantage of the window film tax credit,
complete IRS form 5695 and file your Income Tax Return.
Forms are downloadable at www.energystar.gov, along with
a list of other available energy efficiency tax credits.
Maintain copies of the dealer invoice and the
manufacturer's certification statement for your records.
Please consult your tax advisor regarding your eligibility with respect to any tax credit.