2009 Tax Credit for Window Film

A provision in the recent American Recovery and Reinvestment Tax Act of 2009 (ARRA) has significantly changed the existing tax credit opportunity for window films installed in residential structures. Under the new policy, qualifying credit has effectively tripled from 10% to 30% of film cost with a maximum total credit of $1,500, up from the previous cap of $500. The new policy goes into effect retroactively from January 1, 2009 through to December 31st of 2010.

The ARRA also makes product compliance standards for the tax credit more stringent. Please review the LLumar and Vista Qualifying Products Certification Statements that outline which films, when installed with different window/frame types, qualify for climate zones defined by the 2009 International Energy Conservation Code. These new standards went into effect February 17, 2009.

Money in Your Pocket

A tax credit directly reduces your income tax, unlike a deduction, which reduces the amount of income subject to tax. The credit then directly increases the tax refund you receive or decreases the amount you have to pay. Homeowners can receive a 30% credit on the costs of window film, up to $1500. Installation charges do not apply.

Making it Simple

Complete IRS form 5695 and file 2009 Income Tax Returns by April 15, 2010. Forms are downloadable at www.energystar.gov, along with a list of other available energy efficiency tax credits. Maintain copies of the dealer invoice and the manufacturer's certification statement for your records.

Nothing herein, including any content set forth in any documents or websites made accessible hereon, shall be deemed to constitute tax advice. CPFilms Inc. is not a tax advisor. Please consult your tax advisor regarding your eligibility with respect to any tax credit.

LLumar Window Film Vista Window Film Gila Window Film

Two Ways to Save Money

Energy efficiency can lower your federal tax bill and your monthly energy bill. Heat gained through windows makes up to 40% of your summer utility bill. Solar control window film reduces heat gain by 80%, which helps lower energy consumption. One study showed an average summer cooling cost savings of $99.

Other Benefits of Window Film

In addition to money savings, window film can increase indoor comfort, reduce fading of your home furnishings, and protect your family against harmful UV rays. Window film is also energy efficient. According to the Alliance to Save Energy, energy efficiency is the quickest, cheapest, and cleanest way to extend our world's energy supplies.

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 a local home improvement store or visit www.GilaFilms.com.