For consumers concerned with high energy costs, there are now two financial incentives to invest in energy efficient improvements – lower monthly energy bills and a tax credit. CPFilms, a business unit of Solutia Inc., announces that many of their LLumar®, VISTA ® and GILAr® solar-control window films now qualify for a tax credit established by the Energy Policy Act of 2005. In addition, CPFilms has the largest network of professional dealers available to answer questions or provide assistance.
“Homeowners may not be aware they can earn up to $500 by having solar-control window film or other energy saving products installed, and we want to make it easy for them to take advantage of this credit,” said Kent Davies, president of CPFilms and senior vice president of Solutia Inc. “Consumers typically install residential window film to reduce energy costs and glare, as well as protect their families and furnishings from damaging UV rays. Now they have the added benefit of this new tax credit.”
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 solar- control window film on windows, doors and skylights. This tax credit applies to improvements made to a primary residence from January 1, 2006 through December 31, 2007. Tax credits are available for many types of home improvements, listed on www.energystar.gov .
Consumers who purchased most types of LLumar, Vista or Gila solar-control window film brands from professional distributors or dealers or retail outlets for residential use from January 1, 2006 to December 31, 2006 are eligible for the 2006 tax credit. In addition, those purchasing solar control window films in 2007 will be eligible for the 2007 tax credit. A maximum lifetime credit of $500 for window film materials applies to each consumer.
Unlike a deduction, which reduces the amount of income subject to tax, a tax credit directly reduces the amount of income tax you have to pay. To receive their tax credit, consumers are required to save a copy of their dealer invoice and the Manufacturer’s Certification Statement with their 2006 Income Tax Return. Dealers can email their customers the document file below for information about tax credit eligibility.
To Purchase Film:
For professionally installed window film, visit www.LLumar.com or www.Vista-Films.com to find a dealer near you. For do-it-yourself window film, look for the Gila brand at Lowe’s Home Improvement stores or visit www.GilaFilms.com.
Qualifying Films:
LLumar Tax Credit Qualifying Products Certification (238k)(PDF, printable)
VISTA Tax Credit Qualifying Products Certification (196k)(PDF, printable)
GILA Tax Credit Qualifying Products Certification (228k)(PDF, printable)
Other Important Links:
|