A New Year and New Tax Incentives…
Save
Energy and Write-off Energy-saving Window and Door Improvements
(ARA) -
It's true. The U.S. federal government is so in favor of reducing energy
consumption, they've created incentives to encourage Americans to replace leaky
old windows and doors with more energy-efficient options.
Why all the concern? The more ways we can conserve energy, the better for us
all. Government reports indicate that over the past decade, America's energy
consumption has grown about 40 times faster than our energy production.
Pella Windows & Doors encourages consumers to stretch their dollars by utilizing
energy saving tax incentives for the home. Legislation passed in 2005 offers tax
deductions for homeowners adding energy-efficient improvements to their existing
home in 2006 or 2007. Tax credits are also available for builders constructing
highly energy-efficient new homes in the same time frame.
For existing homes, eligible homeowners may claim tax credits of up to $500
total for energy-saving improvements implemented in 2006 and 2007. Installing
replacement windows and doors designed to help conserve energy, adding
insulation, or enhancing a metal roof with coatings designed to reduce heat gain
are among the qualifying improvements.
Homeowners that replace windows in their primary residence may qualify for a 10
percent tax credit, up to $200 maximum. Replacement energy efficient doors may
qualify for the 10 percent tax credit, up to $500. Windows, doors and insulation
must meet the requirements of the International Energy Conservation Code (IECC),
a model energy code for buildings. For ease in understanding which windows
qualify for the tax credits, look for the ENERGY STAR, recognizing the most
energy-efficient products.
Storm doors may qualify for tax credits, too, on eligible purchases from Jan. 1,
2006, to Dec. 31, 2007. Ten percent of the storm door purchase price may be a
tax credit, up to a $500 maximum.
Customers purchasing qualifying Pella windows or doors should save their
purchase receipt, obtain Pella's Manufacturer's Certification Statement,
available at www.pella.com, and claim the deduction at tax time. If you have any
questions or concerns, consult your tax professional.
As Benjamin Franklin lamented, "In this world nothing is certain but death and
taxes." Make the most of the tax savings inspired by the federal government. And
as temperatures drop and energy consumption heats up, consider the benefits of
new high performance windows.*
Seasonal savings -- Low-E coatings, gas-fills, and insulating spacers and frames
can significantly reduce winter heat loss and summer heat gain.
Improved daylight and view -- New glazings with low-solar-gain low-E coatings
can reduce solar heat gain significantly with a minimal loss of visible light
(compared to older tints and films).
Improved comfort -- In summer and winter homeowner comfort is increased; window
temperatures are more moderate and there are fewer cold drafts. Discomfort from
strong summer sunlight is reduced.
Reduced condensation -- Frame and glazing materials that resist heat conduction
do not become as cold and results in less condensation.
Reduced fading -- Coatings on glass can significantly reduce the ultraviolet
(UV) and other solar radiation which causes fading of fabrics and furnishings.
Lower mechanical equipment costs -- Using windows that significantly reduce
solar heat gain means cooling equipment costs may be reduced. The National
Fenestration Rating Council (NFRC) label appears on window and door products
which are part of the ENERGY STAR program.
Your home remains a great investment. This year, invest in windows and doors
that provide a short-term return on that investment with a tax credit, and
long-term savings in reduced energy bills, thanks to high-performing Pella
windows and doors.
For more information on improving energy efficiency with windows and doors,
contact a local Pella Window & Door store expert by calling (888) 84-PELLA or
logging on to www.pella.com.
*Source: Efficient Windows
Collaborative
Courtesy of ARA Content