Energy Tax Credit
The American Taxpayer Relief Act of 2012 passed by Congress on January 3, 2013, provides extensions of energy tax credit provisions that benefit homeowners seeking energy-efficiency improvements. Under section 25C, homeowners can claim a $500 maximum tax credit to cover material costs of energy-efficient upgrades to existing homes for all taxable years. The credit is only redeemable if the upgrades are in place by the end of 2013.
This $500 tax credit is only available to taxpayers that have not previously used it in prior years. Here is a list of projects that Windows on Washington offers that are currently eligible for the tax credit:
Insulation - Additional insulation to walls, ceilings, or other part of your home that meet standards set in 2009 IECC.
Air Sealing - Sealing cracks around your home and ducts to reduce infiltration and heat loss in a manner consistent with the 2009 IECC.
Replacement Windows and Exterior Doors - 10% of material cost, up to $200 for replacement windows and exterior doors that meet Energy Star requirements. The replacement windows must have performance values equal to or below a 0.30 U factor and a Solar Heat Gain Coefficient (SHGC) of 0.30.
Skylights - 10% of material cost up to $200 and must meet Energy Star requirements.