Do you qualify for a window film tax credit?
2006/2007 Residential Window Film Tax Credit
General Information:
The federal Energy Policy Act of 2005 allows consumers to apply for tax credits based on energy-efficient improvements made to their homes between January 1, 2006 and December 31, 2007. Window film has recently been added to the list of qualifying products. Consumers who have purchased certain types of SUN-GARD, Elite and GLASS-GARD window films may now apply for a tax credit.
Who Qualifies:
Those consumers who have purchased window film after January 1, 2006 for application to their main residence may qualify. This tax credit is not applicable to commercial property. If purchased between January 1, 2006 and December 31, 2006, consumers must apply for the credit on their 2006 tax return. If purchased between January 1, 2007 and December 31, 2007, consumers can apply for the credit on their 2007 tax return.
Which SUN-GARD, Elite and GLASS-GARD films qualify:
The federal government has developed standards to determine which window films qualify in each climate zone. Based on these standards, each manufacturer must provide a Manufacturer's Certification Statement that lists all qualifying films. The FTI Manufacturer's Certification Statement (pdf) provides a list of films that qualify in your climate zone.
Please print this document for your records. It is not necessary to submit this file with your tax return but it is important that you keep a copy on file.
Tax Credit Benefit:
Homeowners can receive a credit equal to 10% of the cost of the window film up to $500. Installation labor charges are not eligible. Please refer to your invoice for an appropriate breakdown of charges. If your invoice does not clearly define product and labor charges, please contact your installing dealer for clarification.
How to Apply:
A homeowner can apply for the tax credit by completing the IRS form 5695 (pdf) and file their 2006 tax return by April 17, 2007. The homeowner must also have a copy of the dealer invoice and the manufacturer's certification statement on file.
The IRS form can also be obtained at www.energystar.gov. This site also contains a list of other qualifying home improvement products.
Additional Savings:
Not only can SUN-GARD, Elite and GLASS-GARD window films lower your tax bill, but they can also reduce your energy bill. In the summer months, heat entering a home through glass doors and windows can increase your energy bill by 40%. Window film has been proven to reduce heat gain in a home by up to 78% - thus reducing the load put on an AC unit to keep a home cool. The less your AC unit has to run, the more you save on your energy bill each month.
Other Window Film Benefits:
- Window films reflect up to 78% of the sun's heat, allowing you to more effectively control the temperature throughout your home.
- Window films are available in a wide variety of shades and styles to suit any architectural requirement and can greatly improve and enhance the appearance of your home.
- Window film impedes the damaging effects of the sun by reducing UV radiation and controlling excessive heat and light.
- Window films help hold a broken piece of glass together, keeping dangerous shards attached to the film's adhesive system.
How to Purchase Film:
You can purchase professionally-installed film for your home from your local SUN-GARD, Elite or GLASS-GARD dealer. To find a dealer near you, please contact the distributor for your area. Click here for a Distributor list.
Learn more about our products by clicking on our logos below:
Resources
Tax Credit Info Sheet - Printer-Friendly Version (pdf)
FTI Manufacturer's Certification Statement (pdf file)
IRS form 5695 (pdf)
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