Rebates and Tax Credits for Windows, Doors, & Insulation in Chicago, IL

Q: What are the changes to the Federal Energy Tax Credit  (which has been extended thru 2011) for energy efficient home improvements in Chicagoland?

A: Siding-1 Windows-1 Exteriors wants to extend savings to all Chicagoland homeowners. Significant changes in the tax code that took effect as a part of the recent Economic Stimulus bill that was signed into law by President Obama let homeowns reap the benefits of making wise purchasing decisions.  The previous law saw increases in the tax credits for eligible replacement window and door installations made before December 31, 2010. On December 17, 2010, the federal energy efficiency tax credit was extended through 2011, and below are highlights of those significant changes.

The federal government’s American Recovery and Reinvestment Act provides tax incentives for individuals to invest in energy-efficient products. Section 1121 of the stimulus package allows for homeowners who make energy efficient improvements, such as windows and doors, to their existing homes to receive a tax credit of 10% of the cost of the improvements. You can receive a credit of up to $500 under the program for improvements installed in 2011. Many THV Compozit products allow you to qualify for this stimulus package. The tax credit is for the cost of the product only and does not include the cost of installation. For a free estimate call – 800-929-9275.

Highlights for Consumers Tax Credits for Home Improvements:

• The tax credits that were previously effective only until 2010 have been extended to 2011.
• The tax credit has been reduced from 30% of job cost to 10%.
• The maximum credit has been reduced from $1500 to $500. 
• The $200 cap on windows has been restored.
• Additionally, the $500 cap will not apply to anyone who received the credit from Jan 1, 2005 to present, which means, if you claimed  $500 or more of the credit at any point since Jan 1 , 2005, you won’t be eligible for the 2011 extension.

Learn More About Siding-1 Windows-1 Exteriors Energy Efficient Replacement Windows

Q: Which products qualify?

A: The federal government put standards in place to make sure only highly energy efficient windows and doors would qualify under the program. To qualify, windows and doors must have a 0.30 U-factor and 0.30 Solar Heat Gain Coefficient (SHGC) or better. Learn more about federal tax credits for energy efficiency on the ENERGY STAR® website.

If you have any question as to which products qualify, feel free to schedule a free consultation with one of our Consultants – 800-929-9275. Or email: info@siding-1.com. There is never any obligation and we will be glad to explain the benefits and indicate how some of our products qualify for the tax credit, and can also save you up to 40% off your fuel consumption!

Q: How do I choose the proper windows or doors to qualify? Is it important to select windows, doors, or skylights that are suited to the type of climate I live in?

A: Yes, the map below shows the ENERGY STAR climate zones.