Federal Tax Credit Overview

Harvey windows not only provide you with unparalleled energy efficiency, but now put money back in your pocket as well!

On February 17, 2009, President Obama signed a revolutionary stimulus bill, also known as The American Recovery and Reinvestment Act of 2009, that called for significant changes to the energy efficiency tax credits. Windows will require both a U-Factor and a SHGC (solar heat gain coefficient) both less than or equal to 0.30 in order to be eligible for the new credits.

What does this mean for you?

If you purchase any qualifying Harvey window, then you are eligible to receive a tax credit of 30% of the product cost, up to $1500, on all eligible products. There has never been a better time to put Harvey Building Products replacement windows into your home!

Congress Extends Home Buyer Tax Credit

According to Window & Door magazine, Congress passed legislation on November 6, 2009, that will extend and expand the $8,000 first-time home buyer tax credit. The bill is expected to be signed into law by President Obama on Friday.

The new law will extend the $8,000 credit for first-time home buyers for sales contracts entered into by April 30, 2010 and closed by June 30. Further, it has been expanded to include a new $6,500 credit for owners of existing homes who are purchasing a new principal residence. An existing home owner can claim the $6,500 tax credit if they have been residing in their principal residence for five consecutive years out of the last eight. Additionally, the income eligibility limits to claim the full credit amount for both groups of home buyers have been raised to $125,000 for individuals and $225,000 for married couples.

Read the full article on windowanddoor.com.