Skylight Tax Credits for 2011

Never thought skylights would qualify for tax credits?  They do, as long as they are Energy Star rated!

The details of the tax credits can be found on

energystar.gov

but here are some basics taken directly from the website:

http://www.energystar.gov/index.cfm?c=tax_credits.tx_index

On December 17, 2010, President Obama signed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. This law extends the tax credits for energy efficiency into 2011, BUT at lower levels. The levels revert back to those in effect in 2006 and 2007, which were 10% of the cost of the improvement, up to $500, with a $200 max for windows, and several other set maximums.

Tax Credit Amount: 10% of the cost, up to $500, but windows are capped at $200.
Requirements

Must be ENERGY STAR qualified.

You do not have to replace all the windows/doors/skylights in your home to qualify. And it doesn’t need to be a replacement either – installing a new window where there wasn’t one previously (like in an addition) qualifies.

Tax Credit does NOT include installation costs.

30% of cost with no upper limit

Expires:

December 31, 2016

Details:

Existing homes & new construction qualify. Both principal residences and second homes qualify. Rentals do not qualify


Please contact me if you have any questions about the tax credit for 2011.

Jeff
492-2989
jeff@midwestskylight.com