Money has its way of playing hard to get, especially during tax season. Did you know that as of January 1, 2023, there is a federal tax credit available for when you replace your exterior windows and doors with energy efficient options? CVP Windows & Doors wants to help you take advantage of this!
Energy savings can literally fly out the window if your windows and doors aren’t air tight. The Energy Efficient Home Improvement Credit (previously known as the Nonbusiness Energy Property Credit) can help you upgrade your windows and doors to keep your money where you want it. Recent legislation amended the credit to be worth up to $1,200 per year on or after January 1, 2023, and before January 1, 2033.
The Annual dollar credit limits apply to specific items including:
- Exterior doors: 30% of cost up to a $250 rebate per door or a total $500 rebate
- Exterior windows: 30% of cost up to a $600 rebate
Now that saving money is on your mind, remember that CVP Windows & Doors has in house manufacturing and installation teams, and we service what we sell! Our products are tested to Energy Star® and DP50 standards and are backed by a lifetime limited warranty.* Discover why CVP Windows & Doors is the best window & door installation company in Coastal Virginia.
Click here for your FREE estimate or give us a call at (757) 887-3194.
*For more information about DP50 and Energy Star® Ratings, please talk with one of our window and door specialists.
Tax Credit FAQ’s:
Frequently asked questions about energy efficient home improvements and residential clean energy property credits (irs.gov)
Federal Income Tax Credits and Incentives for Energy Efficiency | ENERGY STAR
Tax Credit Form 5695:
About Form 5695, Residential Energy Credits | Internal Revenue Service (irs.gov)
