replace energy efficient windows in 2013, can again receive an energy tax credit, using the
IRS Form 5695-The 2012 Residential Energy Credits Form.
The credit includes installation of replacement windows, new home construction windows, entry
doors, exterior doors, patio doors and skylights. (Call us at 760-806-6830, and we can assist you with
your window replacement, door installation or energy tax credit questions.)
Passed at the beginning of the new year to avoid tax increases for most Americans, the
American Taxpayer Relief Act of 2012 is bringing back energy efficient tax credits for windows, doors and skylights. Specifically, the bill reinstates the 25c tax credits that expired at the end of 2011 and extends them through the end of 2013.The new bill also extends business credits of up to $2,000 for builders and contractors of new and renovated energy efficient homes through the end of 2013.
Although the windows tax credits cap out at $200, and a maximum deduction of $500 for all windows, doors and skylights, window and door dealers are lobbying to increase the tax credits for American homeowners. (Under the 2009 stimulus bill, homeowners could receive a tax credit of up to $1,500 for energy efficient window replacements and door installations.)
Kateri Callahan, president of the Alliance to Save Energy, a Capitol Hill based advocacy group. sees the passage of the tax credits as a good sign for the future. “With the advocacy ‘horsepower’ that energy efficiency policy can generate," she states, "we expect the 113th Congress to be bullish in advancing meaningful national energy efficiency legislation."
All signs point to a strong rebound for home improvement activity in 2013. Tax credits,