How to Tint Home Windows for a Tax Credit
Tinting your home windows offers a couple advantages: receiving a tax credit and saving money on your energy bill. The tax credit is a one-time savings, while the savings on your energy bill is something that you can enjoy every month. Each of these savings can help keep your hard earned money in your pocket.
- Visit your local home improvement store: Locate the solar control window film. Check the packages to ensure that the film qualifies for a tax credit. This is important, as you will need the proof from the manufacturer when you file your taxes.
- Pick the product of your choice: Once you have verified that the film is tax deductible, choose the film that fits in your budget. These films range in price. Also, make sure that the one that you are choosing is suitable for your windows.
- Purchase solar control window film: Once you have decided on the window film that fits your window type and is in your price range, purchase it.
- Install the solar control window film: Follow the instructions included to install the window film on each of your windows.
- File your taxes: When filing your taxes, you will need to submit Form 5695. This is the IRS form designated to deduct your window tinting credit. Make sure to keep the receipt for the window film with your copy of your tax records.
- Enjoy your tax credit: You can receive up to $500 tax credit on the cost of the window film, but cannot receive any credit for installation charges.