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WINDOW FILM INSTALLATIONS MAY QUALIFY FOR
2006/2007 RESIDENTIAL ENERGY TAX CREDIT
The window film industry has been informed
by the Internal Revenue Service that manufacturers of solar
control window films may begin certifying that certain of their
products qualify for the energy tax credit treatment under
Section 25C of the Internal Revenue Code. To certify their
products, manufacturers must meet guidelines proposed in a
presentation made to the IRS by Darrell Smith on behalf of both
the AIMCAL-Window Film Committee and the International Window
Film Association. This is a tax credit rather than a reduction
in taxable income, and is available for all qualifying film
purchased and installed between January 1, 2006 and December 31,
2007. Consumers will be able to claim a tax credit equal to 10%
of the film materials, up to a maximum of $500 for qualifying
products.
Individual manufacturers may decide which
of their products, as installed on which types of windows, they
wish to certify for qualification for the tax credit. In
addition, each manufacturer will make copies of its
certification statement available either thru its dealers and
distributors or directly to consumers, by mail or in
downloadable form on its website for use in claiming the tax
credit. Consumers will need to retain a copy of the invoice for
the film (with film materials and installation charges
separated, as the credit is for film only) and the
manufacturer’s certification statement in their personal records
as documentation for taking the tax credit.
Consumers and dealers and distributors
should check with their window film manufacturer for guidance on
which of their films qualify on which types of windows and on
how to obtain a copy of the manufacturer’s certification
statement.
General questions about the tax credit
programs may be directed to the IWFA office (admin@iwfa.com
or 276-666-4932), but only a window film manufacturer or its
representative dealers and distributors can answer specific
questions about its products and the tax credits. IWFA
manufacturers, distributors, and dealer members, can be found by
using the IWFA website.
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