We have great news for homeowners! Our team has done the work for you to answer your questions about the Inflation Reduction Act of 2022 and its included energy tax credit for new windows. The even better news? Your 2023 tax credit is bigger than in past years.
Is There A Tax Credit On Replacement Windows?
Beginning in tax year 2023, homeowners can earn an energy tax credit of 30% of the cost of new windows, up to a maximum $600. This structure is part of the Inflation Reduction Act of 2022, which extends and increases benefits of the Energy Efficient Home Improvement Credit (EEHIC).
Is There A Limit To How Much I Can Save?
There is an annual limit of $600 for new windows, but no lifetime limit. If you install some of your windows in 2023 and some in 2024, you can take the credit for both tax years.
Do I Need Any Documentation?
Not at this time. We recommend keeping your purchase documentation in a safe place for reference, and conferring with a tax professional for any additional questions.
Why Are Windows Included?
As part of the Inflation Reduction Act, the EEHIC incentivizes home improvements that reduce household energy use. Windows that meet specific standards, such as the ones Armor Xteriors installs, are highly energy efficient and can help reduce the load on your furnace and air conditioning systems. Overall, this means you’ll benefit from lower energy bills in addition to the tax incentives we’ve outlined. Add in a lifetime warranty and added value to your home, and replacement windows are an excellent investment for your home!
Should You Replace Your Windows?
As a window replacement company, we often hear homeowners ask whether they really need to replace their windows. While it can be tempting to put off window replacement for as long as possible, there are several compelling reasons why you should consider replacing your windows sooner rather than later. In this blog post, we’ll explore some of the key benefits of window replacement.
- Energy Efficiency
- Enhanced Comfort
- Noise Reduction
- Increased Home Value
- Improved Curb Appeal
Let’s Get In Touch
So, why should you replace your windows? The benefits are clear: improved energy efficiency, enhanced comfort, noise reduction, increased home value, and improved curb appeal. At Armor Xteriors, we offer a wide range of replacement windows to suit any style and budget. Our experienced team can help you choose the best windows for your home and ensure a professional, hassle-free installation process. Contact us today to learn more about how new windows can benefit your home.