Thursday, January 13, 2011

New 2011 Tax Credits on VELUX Skylights

Consumers can claim a credit of 10% up to $200 of the purchase price of qualifying windows and skylights and 10% up to $500 for qualifying exterior doors. Installation costs are not included.

All ENERGY STAR® qualified windows, skylights and exterior doors are eligible. Products must be installed in a consumer's existing primary residence; new construction is not eligible.
The revised tax credit is in effect for products installed in a consumer's primary residence between January 1 and December 31, 2011.

The government is expected to post additional information at The IRS is expected to post official guidance at in early 2011. Circumstances vary widely, so consumers should consult with their tax adviser for further guidance

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