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Thursday, June 23rd, 2011 | Author:

Last December President Obama signed into law the Tax Relief, Unemployment Insurance Re-authorization, and Job Creation Act of 2010.

According to this law taxpayers that own their own homes can get a tax credit if they install energy efficient windows, doors and/or skylights into their homes.

To be eligible to receive the tax benefits the windows, skylights and doors must:

•    Conform to all the Energy Star Program requirements.
•    Be put into the main residence of the taxpayer.
•    Be added to the home before the date of December 31, 2011.

The tax credit is 10% of the cost of the product, not including installation and cannot exceed:

  • $200 for either windows or skylights
  • $500 for doors

IDT Energy recommends taking advantage of these tax credits in order to lower your energy usage during the year and thus saving money on your energy bill.