As part of the enactment of the American Taxpayer Relief Act of 2012, consumers may receive tax credits for the installation of window film. The legislation retroactively covers qualifying installations from January 1st, through December 31st, 2013.
Credits may cover up to 10% of the cost of the installation, up to a maximum total credit of $500.
“We are delighted that Congress recently enacted a bill, titled the American Taxpayer Relief Act of 2012, that includes tax incentives for energy efficient home improvements, such as installing window film,” says Darrell Smith, executive director of the International Window Film Association (IWFA). “While the ‘greening’ of our homes is a high priority, most of the new energy-efficient technologies require significant investment to reap long-term benefits, but window film has been shown to be a most cost-effective means of improving energy performance.”
Several manufacturers have expressed their enthusiasm over the passage of the act.
“We’re extremely excited that our energy saving products qualify for this window film tax credit,” says Jeremy Verstraete, global business manager for Eastman Chemical Co. “This legislation makes window film even more affordable, allows for a faster return on investment and will help homeowners around the country save money on monthly utility bills.”
“This is great news for all Americans who are making sustainable, environmentally conscious choices for their homes,” says Kathryn Giblin, director of global marketing and technical services at Solar Gard. “Installing energy efficient window film is a great value way to save energy and costs related to cooling. We are delighted to see these tax credits reintroduced.”
Window Film Magazine March – April 2013
Categorised in: News
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