If you purchased Solar Screens from us during the year of 2011, a portion (10% of materials) of your purchase, up to $500 qualifies as a federal tax credit on your personal tax return. To determine the Federal Tax Credit for your solar screens PURCHASED FROM US, simply enter into the calculator here below the total qty of screens and total dollar amount that's on your paid invoice from us that we emailed you. Print your invoice. Print this page to show the calculation from the calculator. Print the manufacturer's certification statement. And give these three documents to your accountant when you prepare your personal tax return.
Step 1 : Calculate your Federal Tax Credit; To do this, simply get the total quantity of screens and the dollar amount from your paid invoice and enter these numbers into the above calculator. This invoice is the one we emailed you that you paid from.
Step 2 : Print this page with the calculated total.
Step 3 : Print your invoice from us, the one you paid from that we emailed you.
Step 5 : Give these documents to your accountant for him to use when filing your personal tax return.
It's that simple !
Question : What is the IRS Form that I would attach to Form 1040 or 1040NR ? & Answer : The 2011 IRS Form for a Non-Business Energy Property Credit and Residential Energy Efficient Property Credit is the Redidential Energy Credits Form 5695.
Question : What is the Federal Tax Credit for Energy Efficiency? & Answer : On December 17, 2010, President Obama signed The Tax Relief, Unemployment Reinsurance Authorization and Jobs Creation Act of 2010. This extended for 2011 federal tax credits on select energy efficient products purchased and installed between January 1, 2011 and December 31, 2011. A qualifying product must be for an existing home, not new construction, and must be a principal residence.
Question : How much is the Federal Tax Credit? & Answer : Qualifying products are eligible for a tax credit of 10% of the purchase price with a lifetime cap of $500. $500 is the maximum combined total amount that can be claimed for all purchases of qualifying energy efficient products and is subject to reduction in the amount of Section 25C credits taken in prior years. For more information consult your tax professional or go to www.irs.gov.
Question : Are installation costs covered by the tax credit? & Answer : No, the tax credit applies to the product purchase price only and does not cover the installation costs. The above calculator figures out this for you.
Question : How do fixed Solar Screens made with the Phifer SunTex 80 and SunTex 90 Solar Screening sun control fabrics qualify for Energy Efficiency Federal Tax Credits ? & Answer : Fixed Solar Screens made with the SunTex 80 and SunTex 90 sun control fabrics are specifically designed to reduce heat loss or gain in a house and thus are eligible for the Federal Tax Credits for Energy Efficiency under the insulation category. The products are an Eligible Building Envelope Component and meet the requirements for the Non-business Energy Credit under Section 25C of the American and Reinvestment Act of 2009 and as amended by the Tax Relief, Unemployment Reinsurance Authorization and Jobs Creation Act of 2010..
Question : How does the homeowner collect the Federal Tax Credit? & Answer : The homeowner must retain a copy of the receipt for the purchase of the fixed Solar Screens made with the Phifer Suntex 80 or Suntex 90% sun control fabric and a copy of the Manufacturer’s Certification Statement for their records. The credit is usually taken on Form 5695 and is submitted when the homeowner files their 2011 personal tax return. It is recommended that you consult your professional tax advisor to determine other eligibility requirements and your ability to claim this tax credit.
