Replacement windows are, in fact, tax deductible. In order to be eligible, windows must meet the requirements established by ENERGY STAR® – the international standard for energy efficient consumer products. There are three prongs needed to meet this standard. The windows must be manufactured by an ENERGY STAR® partner and meet the strict energy efficiency guidelines outlined by the Environmental Protection Agency (EPA). Finally, they must be tested and certified by the National Fenestration Rating Council (NFRC). Once a window or skylight has met these standards, it becomes ENERGY STAR® rated.
After receiving an ENERGY STAR® rating, there are two major criteria that your energy efficient windows must meet in order to qualify for a tax deduction from the IRS. The windows must be installed at your primary residence and installed within the given timeframe outlined by the IRS.
For example, taxpayers were eligible for up to $500 in tax deductions over a four-year period from 2012 through 2016. This timeframe and deductible amount change every few years so it’s important to check for updates on new criteria, restrictions, and eligibility.
If are interested in tax-deductible, energy efficient windows, consider enlisting the services of the window replacement experts at BELDON®. We offer a full line of ENERGY STAR® rated windows that are eligible for tax deductions. Thanks to features such as low-emissivity coated glass and warm-edge spacers, our windows may lessen the burden placed on your HVAC system which can lead to reduced energy bills. Plus, our windows are available in a variety of styles and colors to ensure a seamless integration with the existing appearance of your residence – both inside and out. For more information, please contact BELDON® today.