Federal Energy Efficient Home Improvement Tax Credits
New efficiency tax credits took effect on Jan.1, 2023, that will not expire until Dec.31, 2032.The tax credit amount is mostly limited to 30% of the project cost (the previous lifetime cap of $500 was changed to an annual cap of either $1,100 to $2,000, depending on the efficiency improvements).This means homeowners can claim credit for more projects, especially if they are spread out over multiple years.
These Energy Efficiency Home Improvement credits will be applicable on several products to help homeowners maximize their savings, including windows/skylights and exterior doors, which now must meetENERGY STAR Most Efficientcriteria.For more information and to stay up to date on available tax credits, visit ENERGY STAR's page onFederal Tax Credits.
All of SoftLite's product lines include energy-efficient windows, with many being ENERGY STAR certified.If you purchasedENERGY STAR Most Efficient SoftLite windows, you are eligible for a tax credit to offset some of your costs of your window purchase (excludes installation).Reference our Manufacturer's Certificate PDF to find your specific model number.To claim the credits, submitForm 5695with your tax return.
For tax years prior to January 1, 2023, energy tax credits were good for up to 10% of cost up to $500 or a specific amount from $50-$300.The product must have been placed in service in an existing home (principal residence).New construction and rentals did not apply.
Fill out your info to receive your Learn the Basics Guide now.
Fill out your info to receive your Buyer's Checklist now.
Fill out your info to receive your Window Replacement Guide now.
Fill out your info to receive your Cost vs Value guide now.