2011 Tax Credit Info.
Congress recently signed into law an extension of the 2010 tax credit for 2011. The extension includes significant
changes around what products qualifies, the level of tax credits and establishment of lifetime credit caps.
While typically less generous than the 2010 tax credit, the 2011 tax credit does offer some cost savings for
your qualifying purchases.
Summary 2011 tax credit
1.) The qualifying criteria for exterior windows, skylights, and exterior doors are the program requirements
for the US ENERGY STAR Windows Program 5.0
2.) Tax credit is for the cost of the product only - the credit does not include installation costs.
3.) Tax credit is 10% of the amount paid up to the maximum amounts.
4.) The tax credit maximum is $500.00 total for any and all improvements.
$200.00 total maximum tax credit for qualifying windows and skylights.
$500.00 total maximum tax credit for doors if windows or skylights not used.
If a combination of windows, skylights and doors are purchased, the ttal maximum credit
is $500.00, of which $200.00 is the maximum allowable for windows and skylights.
5.) $1500.00 is maximum LIFETIME credit. If you have already received credit in the past this limits
what you are eligible for in 2011. A homeowner who has already used up the $200 or $500 credit from 2006/2007
or the $1500 credit from 2009/2010 is NOT eligible for this 2011 tax credit.
Beckerle Lumber offers you a wide range of windows and doors that help increase a home's comfort and energy efficiency. And, if you buy them now, you may qualify for a credit of 10% of the product cost up to $500 on your federal income tax.
One of the most important features of this Energy Tax Credit is that the products must have a U-Factor and Solar Heat Gain Co-efficient of 0.30 or less. Not all products will qualify, so make sure you confirm before ordering.
Click on the links below for more information on qualifying products.
Supplier INFO links
Andersen Windows & Doors
Larson Storm Doors
Lincoln Windows & Doors
Simonton Vinyl Windows
Kasson Keller Vinyl Windows
Jeld Wen Windows & Doors
Marvin Windows & Doors
Kolbe Windows & Doors
Fabral - METAL ROOFING
- To be eligible, windows, doors and skylights must have both a U-Factor equal to or less than 0.30 and a Solar Heat Gain Coefficient (SHGC) equal to or less than 0.30.
- Not all products in the project are required to meet a 0.30 U-value and 0.30 SHGC. Therefore, $5,000 of product that does qualify can be used with product that does not, yet the homeowner receives the maximum rebate.
- Purchase and install qualifying products beginning January 1, 2011 through December 31, 2011 and meet all other requirements outlined in the federal tax code.
- Save your sales receipt and each window or door performance label (NFRC/ENERGY STARŪ label) with your tax documents.
- Claim the tax credit associated with your qualifying purchase on your Federal filing for the 2011 tax year.
- Tax credit is for the cost of the product only and does not include installation costs. Be sure to ask for a sales receipt that shows the cost of the product only.
For more information on Tax Credits for Home Builders, visit EnergyStar.gov.
What is the difference between a tax credit and a tax deduction?
- A tax credit is a dollar-for-dollar reduction subtracted from your tax liability. Therefore, $500 can be subtracted directly from the amount of tax that is owed, or added to a tax refund.
- A tax deduction reduces the amount of your taxable income.
- This program is a tax credit directly off the tax liability, not a tax deduction off the taxable income.
For more information on qualifying products, visit EnergyStar.gov
Beckerle lumber a family tradition since 1940.