Homeowners who purchase replacement renewable energy products from Bruin Corp. of Framingham could qualify for tax credits that have been extended through December 31, 2021.
These tax credits are known as Nonbusiness Energy Property Credit and were enacted to help offset the cost of home improvements designed to reduce a household's overall carbon footprint.
What Qualifies?
To qualify for the energy credit for windows, the materials and equipment used for the upgrade must meet the requirements and standards set forth by the Department of Energy.
Bruin Corp. of Framingham
knows these standards and will be able to help you choose qualifying items for your next install. Your upgrades will also have to be determined to be a qualified energy efficiency improvement, but you do not have to replace all the windows/doors/skylights in your home to qualify. Your window and skylight upgrades must however be ENERGY STAR certified.
How to Claim Your Tax Credits?
Tax credits for replacement windows and skylights provide an incredible incentive to update your home, improve your energy efficiency and improve your home's overall aesthetics. Please contact a tax professional if you have previously claimed an energy efficiency tax credit or visit www.irs.gov to find out your eligibility for this credit.
Follow these guidelines to receive your residential energy tax credits:
Limitations
4. If a combination of windows and skylights are purchased, then the total maximum credit is $500, of which $200 is the maximum allowable for windows and skylights.
5. The tax credit is an extension of the 26 U.S.C. §25C tax credit, which means all previous federal tax credits are a lifetime maximum credit. A homeowner who has already claimed the maximum applicable tax credits permitted under 26 U.S.C. §25C in previous tax years is no longer eligible for this tax credit.
Learn More about ENERGY STAR
Bruin Corp. of Framingham will be able to help you choose qualifying items for your next install.
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