The government has made funds available for energy efficient home improvements.

How Much Money Can You Get Back?

Up to 30% off the cost of the goods sold, subject to a $1,500 ceiling. The $1,500 is only off product purchase, not installation.

Why Buy Energy Efficient Products from PWS?

• The government energy tax credit expires at the end of 2010.
  
• You’ll receive a 30% tax credit up to $1500* towards home improvements.
• Power Windows and Siding is among the only qualified vendors to offer this energy incentive

So…What is a Tax Credit Anyway?

A tax credit is a dollar for dollar reduction in your income taxes regardless of your tax bracket. If you have a $1000 tax credit, you will pay $1000 less tax that year. The Stimulus Package benefits qualify as Tax Credits in 2009 and 2010.

Manufacturer Certification Statements

(The Act only covers Insulation Cost, not the Siding itself)

Additional Tax Credit Information and Helpful Tools

What PWS Products Are Approved For the Energy Tax Credit?

Please contact us for information on all available products associated with the energy tax credit.

How The Tax Credits Work

1. The Act covers energy saving home improvements. This is not to be confused with Energy Star rated products. To qualify for the Tax Credit, products must meet more stringent requirements than the Department of Energy has mandated for the Energy Star Program. Windows and Doors, for example, must have a U-factor and Solar Heat Gain Coefficient (SHGC) less than or equal to 0.30. The lower the U-Value the better insulation a window provides. Please be very careful with this condition, because contrary to what many “experts” have stated, this does not include everything with an Energy Star label on it.

2. Qualifying home improvements must be installed and ready for use between January 1, 2009 and December 31, 2010 at the homeowner’s principle place of residence. In the event a purchase was made PRIOR to the law taking effect, the homeowner would still benefit as long as the products are installed and payment is made in 2009. The $1,500 tax credit is a one-time only credit. In other words, if a homeowner purchased windows qualifying for the full $1,500 credit in 2009 and then purchased a roof that also qualified for a $1,500 credit in 2010, he or she would be eligible to claim only a single credit of $1,500.

3. However, a number of energy-efficient home improvement products, such as certain solar-related products, are not subject to this $1500 tax credit, and thus can be used in conjunction with other products. For example, if a homeowner purchased windows qualifying for the full $1,500 credit in 2009 and then also purchased a thermal solar water heating system in 2009 that qualified for its own 30% tax credit, he or she would be eligible to claim both tax credits.

How to Claim the Credits

Homeowners seeking to claim one or more of the available tax credits should complete IRS Form 5695 for the tax year in which the improvement is placed into service. For record keeping purposes, it is advisable for homeowners to retain the work orders or receipts for the qualifying improvement. Taxpayers should also keep a copy of the Manufacturer Certification statement (a signed statement from the manufacturer certifying the product qualifies for the Energy Tax Credit) for their records, although the statement does not have to be submitted with the taxpayer’s tax return.

* If your work order does not break down the cost of product vs. labor, use the following chart to determine the eligible amount for the material cost:

Product Materials

Windows 83%

Doors 83%

Siding 19% (The Act only covers Insulation Cost, not the Siding itself)