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Paramount Improvements Installs Energy Star Rated Windows, Roofing and Insulation That Qualify for the Federal Energ Tax Credit.
800-288-4385
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$1500 Federal Tax Credit
Paramount Improvements
$1500 Federal Tax Credit Facts
For residential home improvements, the following improvements qualify for the federal government tax credit — windows, doors, skylights, roofing, and insulation. These tax credits are limited to 30% of the cost of the qualifying improvements, with a maximum credit of $1,500. It is important for you to keep in mind that this is a one-time-only credit. In other words, if a homeowner purchased windows qualifying for the full $1,500 credit and then purchased a roof that also qualified for the tax credit, he or she would be eligible to claim only a single credit of $1,500.
Also remember that the 30% of the qualifying improvements cannot be applied against the costs of installation, only against the cost of the qualifying products. The work order that we will provide once your home improvement project has been scheduled will show the cost of the product and the cost of the labor to install the qualifying home improvement product(s) as well as the overall price of the job.
Please refer to the example letter below that Tom Panek, the owner of Paramount Improvements, will provide to you upon the purchase of your qualifying improvement project(s).
Example Purchase Letter
Dear Customer,
Thank you for your purchase from Paramount Improvements. At the time of your sale, you were made aware of a federal tax credit available. The credit is equivalent to 30% of your purchase price up to $1500. This credit cannot be applied to labor cost which represents 14% of your bill. Please use the example below to estimate the amount of your credit:
Purchase Price = $5500
Labor (14%) = $ 770
Subtotal = $4730
30% credit x
.30
.30Credit Amt. = $1419
Provide a copy of this letter and your original agreement to your tax preparer. I appreciate your business and wish you a prosperous 2010.
Sincerely,
Thomas A. Panek
Owner
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Copyright 2010 Paramount Improvements: Residential Window Replacement. All Rights Reserved.
