Frequently Asked Questions » Are there any tax credits for energy-efficient windows?
Are there any tax credits for energy-efficient windows?
Tax credits and rebates are given out to incentivize homeowners to complete home upgrades that help to save energy, such as new energy-efficient windows and doors. These tax credits and rebates can help offset the overall cost of your replacement windows and make them more affordable. However, tax credits and rebates are not always available specifically for replacement windows. Sometimes, the credits and rebates available are for other energy-efficient home upgrades, such as solar panels, energy-efficient appliances, or smart thermostats.
If you are a San Diego homeowner, there are two main places you can look to find out if any rebates are being offered at this time:
For any federal tax credits, check the ENERGY STAR website and look for any homeowner tax credits that may be available for energy-efficient replacement windows. To give you an idea of what kind of tax credit you can expect to receive when one is available, in the past, the federal government has offered a 10% tax credit on the cost of replacement windows and doors, up to $500.
You should note that the federal government typically offers tax credits, as opposed to tax deductions for energy-efficient home upgrades. A tax credit is preferable to a deduction. Receiving a tax credit means that you will get that amount taken off of your tax bill. A tax deduction simply reduces the amount of your income that is taxed.
To qualify for these rebates and credits, however, you must install replacement windows that meet certain energy efficiency standards. For example, to receive a federal tax credit, your new windows and doors must be tested and certified by the National Fenestration Rating Council (NFRC) and meet all of the stringent energy efficiency standards set by the ENERGY STAR program of the Environmental Protection Agency (EPA). Those standards vary, depending on the tax credit being offered, so the window and door products that qualify will also vary. It's important to do your research to make sure the products you are purchasing meet all of the qualifications.
Replacement Windows That Qualify for Tax Credits and Rebates
The criteria for qualifying windows and doors is always changing, so be sure to read all of the details given by the entity that is offering the tax credit or rebate to ensure the products you purchase will qualify.
We know that applying for rebates and tax credits can sometimes be confusing, but the team at BM Windows will help you in any way we can—whether by providing you with the proper paperwork to apply for a rebate or credit, informing you of any upcoming application deadlines, or just walking you through the process. We are here to help! However, for any tax-related questions you may have, please ask your accountant!
Low or No Down Payment Financing for Replacement Windows in San Diego
If there are no rebates or credits available at the time of your purchase, or if you need further help affording new replacement windows for your San Diego home, BM Windows also offers financing options. For those who qualify, we can provide you with new windows for a low down payment (sometimes even no down payment) and low monthly payments. We occasionally offer same-as-cash financing options. Ask about our financing options at your in-home consultation.
Monthly Energy Savings
Homeowners should also keep in mind the monthly energy savings that you’ll experience after installing new energy-efficient windows in your home. Most people who have had replacement windows installed by BM Windows report a noticeable difference in their energy bills—especially in the hot summer months. This helps make new windows a great investment in your home and an even more affordable upgrade.
Contact us today to schedule an in-home appointment with one of our helpful and knowledgeable team members who can answer all of your questions and get you started in the process of installing beautiful, new, energy-efficient windows and doors in your San Diego home!