If you’re like most homeowners, you’re always trying to save money and improve the energy efficiency of your home. And you likely know that one of the best ways to accomplish these goals is by having energy-efficient windows installed. However, you may not know if your investment in new windows will qualify for a tax credit. The WinTek USA team has the answer here:
Understanding Energy Tax Credits
The government offers energy tax credits to encourage citizens to invest in home improvement projects that will enhance their property’s energy efficiency. Typically, energy tax credits are applied to a citizen’s income tax liability, therefore reducing the amount owed. Many energy-efficient upgrades can qualify a homeowner for a tax credit, including replacement windows.
What You Need to Know
As of January 1, 2023, your investment in energy-efficient replacement windows may qualify you for a tax credit. According to the tax experts at Intuit TurboTax, you may be eligible to receive up to a $600 tax credit for energy-efficient windows. However, your eligibility depends on many factors including your income and when you had the windows installed.
Learn More About the Benefits of Energy-Efficient Windows
If you have more questions about potential tax credits that energy-efficient windows may qualify you for, reach out to a local tax expert. And if you’re looking for an experienced contractor to install replacement windows in your home, turn to WinTek USA. We offer a proprietary line of windows that boast best-in-class energy efficiency features.