Tax Credit for Individuals Purchasing Solar Control Window Film
Thursday, April 5th, 2007Under Section 25C of the Internal Revenue Code -
Individuals purchasing qualifying Madico window films from January 1, 2006 — December 31, 2007 may be eligible for a tax credit under Section 25C of the Internal Revenue Code.The IRS allows homeowners to take a tax credit of 10% of the cost of solar control window film installed in their primary residence, with a life time maximum credit of $500 per taxpayer. The tax credit is a direct dollar for dollar credit, or reduction, in the amount of taxes you must pay, not just a tax deduction from income. Only the cost of the film itself, and not the installation cost, qualifies for the credit. In order to qualify for the credit, the window film must be installed in calendar year 2006 or 2007, and must be certified by Madico to be an Eligible Building Component Envelope in your geographic area. To take advantage of the tax credit, you must do the following:Make sure the film you have installed qualifies for the credit. Qualifying products vary by the geographical climate zone in which you live.
You can follow the following link http://www.madico.com/mediacenter_taxcredit.asp to determine your climate zone, see qualifying films and download the information sheet that pertain to your area.
