2009 Stimulus Tax Credit

2009 Tax Credit for Window Film

A provision in the recent American Recovery and Reinvestment Tax Act of 2009 (ARRA) has significantly changed the existing tax credit opportunity for window films installed in residential structures. Under the new policy, qualifying credit has effectively tripled from 10% to 30% of film cost with a maximum total credit of $1,500, up from the previous cap of $500. The new policy goes into effect retroactively from January 1, 2009 through to December 31, 2010.

Money in Your Pocket

A tax credit directly reduces your income tax, unlike a deduction, which reduces the amount of income subject to tax. The credit then directly increases the tax refund you receive or decreases the amount you have to pay. Homeowners can receive a 30% credit on the costs of window film, up to $1500. Installation charges do not apply.

Two Ways to Save Money

Energy efficiency can lower your federal tax bill and your monthly energy bill. Heat gained through windows makes up to 40% of your summer utility bill. Solar control window film reduces heat gain by 80%, which helps lower energy consumption. One study shows an average summer cooling cost savings of $99.

Other Benefits of Window Film

In addition to money savings, window film can increase indoor comfort, reduce fading of your home furnishings, and protect your family against harmful UV rays. Window film is also energy efficient. According to the Alliance to Save Energy, energy efficiency is the quickest, cheapest, and cleanest way to extend our world’s energy supplies.

Making it Simple

Complete IRS form 5695 and file 2009 Income Tax Returns by April 15, 2010. Forms are downloadable at www.energystar.gov. along with a list of other available energy efficiency tax credits. Maintain copies of the Colorado Sun Control invoice and the manufacturer’s certification statement for your records.

Energy Star Tax Credit Information

Energy Star Tax Credit FAQ's

IRS Form to Claim Tax Credits

Climate Zones by State and County