Find out how much you can be saving!Tax Credit For Window Film
The Emergency Economic Stabilization Act of 2008 included an extension to the Energy Policy Act of 2005, providing federal tax credits for homeowners who make certain energy efficient improvements. For 2009, specific window film products will qualify as an energy efficient improvement. One major change to the program is an increase in the amount of the tax credit a homeowner can receive. Homeowners can now receive a 30% credit on the costs of qualifying window film products, up to a maximum of $1500 for window film installed in 2009. this is a change from the 2006 program when window film only qualfied for a 10% credit, up to a maximum of $500. As with the past program, the window film dealer must submit a copy of the invoice to the customer breaking out film and labor, as only the film portion would qualify for the tax credit. www.3m.com/windowfilmtaxcredit
The Energy Policy Act of 2005 created federal tax credits for homeowners who make certain energy efficient improvements. On October 3, 2008, President Bush signed into law the "Emergency Economic Stabilization Act of 2008", which extended tax credits for energy efficient home improvements made in 2009. Consumers purchasing qualifying 3M Window Film products between January 1 and December 31, 2009 can receive a 2009 tax credit. . A tax credit directly reduces your overall income tax, which is much better than a deduction, which reduces the amount of income subject to tax. Homeowners can receive a 30 percent credit on the costs of qualified window film products, up to a maximum of $1500.
Click here for a list of qualifying 3M Window Film products (PDF, 1.3 Mb)
Complete IRS form 5695 (below) and file your 2009 Income Tax Return by April 15, 2010. You will need a copy of the dealer invoice for the window film product, separated by cost for film and installation. Installation costs are not eligible for the tax credit. You will also need a copy of the manufacturer’s certification statement, which determines which products qualify based upon where you reside. Make sure to keep a copy of both of these documents for your records.
Download IRS form 5695 (PDF, 328 Kb)
