Window Film Tax Credits *

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 31st of 2010.The ARRA also makes product compliance standards for the tax credit more stringent. Please review the LLumar and Vista Qualifying Products Certification Statements that outline which films, when installed with different window/frame types, qualify for climate zones defined by the 2009 International Energy Conservation Code. These new standards went into effect February 17, 2009.
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.
Making it Simple
Complete IRS form 5695 and file 2009 Income Tax Returns by April 15, 2010. Forms are downloadable at http://www.energystar.gov/, along with a list of other available energy efficiency tax credits. Maintain copies of the dealer invoice and the manufacturer's certification statement for your records. Nothing herein, including any content set forth in any documents or websites made accessible hereon, shall be deemed to constitute tax advice. CPFilms Inc. is not a tax advisor. Please consult your tax advisor regarding your eligibility with respect to any tax credit.