Homeowners in the United States can still qualify for a Federal Energy Efficiency Tax Credit of $500 through the end of 2013!
Who doesn't want to save energy and on your taxes? You can save on both with the Comfortex ComforTrack Plus Energy Efficient Sidetrack Insulation System.
ComforTrack Plus Energy Efficient Sidetrack Insulation System is certified to qualify to earn federal energy efficiency tax credits. By insulating your windows with the ComforTrack Plus Energy Saving Sidetrack Insulation System, you can earn a tax credit for 10% of the cost of the System throughout 2013, up to a maximum of $500*.
- STEP 1
Insulate your existing home's windows with the Comfortex ComforTrack Plus Energy Saving Sidetrack Insulation System between January 1, 2012 and December 31, 2013.
- STEP 2
Save your receipts that show the cost of Comfortex ComforTrack Plus Energy Saving Sidetrack Insulation System. Installation charges are not eligible for tax credits.
- STEP 3
Download the Manufacturer's Certification Statement.
Print out the certificate and take it along with your receipt from your Comfortex Dealer showing the amount spent on Comfortex ComforTrack Plus Energy Saving Sidetrack Insulation System to your tax professional to the claim a 10% credit on the cost of the System up to $500*.
* This tax credit expired at the end of 2011. The American Taxpayer Relief Act of 2012 retroactively renewed this tax credit effective January 1, 2012, expiring again on December 31, 2013. Any qualified equipment installed in 2012 or 2013 is eligible for this credit. As in previous years, the cumulative maximum amount of tax credit that can be claimed by a taxpayer in all years combined is $500. If a taxpayer has already claimed a tax credit of $500 for purchases made in any previous year, they are ineligible for additional tax credits for any new equipment purchases.
- It is recommended that you consult your tax advisor regarding your individual tax situation and your ability to claim this tax credit.
The ComforTrack Plus Energy Saving Sidetrack Insulation System is an Eligible Building Envelope Component and meets the requirements for the Non-business Energy Credit under Section 25C as amended by the the American Taxpayer Relief Act of 2012 of the internal revenue code. The ComforTrack Plus Insulation System is specifically and primarily designed to reduce heat loss or gain in a house.
ComforTrack Plus Insulation System, when installed with light filtering double honeycomb fabric over double-pane glazing window, forms an assembly with a U-factor of less than 0.35 (R-value greater than 2.86). Independent testing has found the effective R-Values of the window shades with ComforTrack Plus sidetracks were 2.5 to 3 TIMES higher than for the same shades without sidetracks!
Homeowners should consult their tax advisor or www.irs.gov to determine whether they qualify for income tax credits.
To learn more about the Federal Tax Credits for Energy Efficiency, visit EnergyStar.gov.
The tax credit applies to the cost of the sidetrack system and does not apply to installation. Unlike a tax deduction which reduces the amount of income subject to tax, a tax credit directly reduces the amount of income tax you have to pay. Be sure to consult your tax advisor with further questions regarding the tax credit.