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Receive a
tax credit for installing Panorama window film in 2011
The Energy
Policy Act of 2005 provides Federal tax credits for consumers who make
certain energy-efficient improvements to their homes. This bill extends
tax credits for energy efficient home improvements, such as energy
saving window film.
Under section 25C of the
Internal Revenue Code (I.R.C.), homeowners can receive a 10 percent
credit on the costs of "qualified energy efficiency improvements,"
including Panorama solar control window film on windows, doors, and
skylights. This tax credit applies only to improvements made to a
primary residence from Jan. 1, 2011 through Dec. 31, 2011.
A tax credit is generally
more valuable than an equivalent tax deduction because a tax credit
reduces your tax dollar-for-dollar, while a deduction only removes a
percentage of the tax that is owed. If you can itemize energy-related
purchases on your federal income tax form, it will lower the total
amount of tax you owe the government.
Homeowners can receive a 10
percent credit on the cost of the window film, up to $500.
Installation costs do not apply, only the cost of the film.
Save On Your Energy
Bills Now
Cooling costs related to the heat
gained through windows can make up about 40 percent of a home's summer
utility bill if your home has air conditioning. Solar control window
film rejects up to 80 percent of the total solar energy, which helps
lower your energy consumption. And the energy savings benefits go on
year after year, long after you have received the tax credit.
And the benefits don't stop
there. In addition to energy savings all year long, window film also
can:
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Improve your comfort by eliminating
hot spots and maintaining interior temperatures
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Help protect your family from UV
exposure, which can help prevent certain forms of skin cancer
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Reduce glare
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Reduce fading of furnishings and
interiors
Eligibility
Any homeowner who purchases and
installs qualifying Panorama brands of solar control window film (see
manufacturer’s
certification for eligible films) between Jan. 1 and
Dec. 31, 2011 is eligible to receive a tax credit.
How to Receive Credit
Complete
IRS form 5695 and file 2011
Income Tax Returns by April 15, 2012. Maintain copies
of the dealer invoice and the
manufacturer’s certification statement for your records. If you are
audited, you will need to provide these documents to the IRS.
Download Tax forms for 2011 will be available towards the end of 2011
http://www.energystar.gov/index.cfm?c=products.pr_tax_credits#c1
or the IRS website at http://www.irs.gov/.
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