The American Taxpayer Relief Act of 2012 is restoring energy efficient tax credits for windows, doors and skylights. The bill reinstates the 25c tax credits that expired at the end of 2011 and extends them through the end of 2013.
Several products from Three Sons Window & Door qualify for the energy tax credits provided in the American Taxpayer Relief Act of 2012.
Windows must meet the 2010 ENERGY STAR ratings for both the U Factor and Solar Heat Gain Coefficient to qualify for this credit. These ratings vary based on the region of the country you are located in.
The 2012 Tax Credit offers 10% of the cost of the home improvement up to a maximum of $500. In order to qualify, the home improvement must be made on an existing home and principal residence. Windows can only account for $200 of the available $500. Additionally, the new bill extends business credits of up to $2,000 for builders and contractors of new and renovated energy efficient homes.
All renovations, both homeowner and business, must be completed by December 31st, 2013. The bill retroactively affects projects completed in 2012.