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Are new windows tax deductible in New Jersey and Pennsylvania? Yes, and you can experience better-performing, stylish windows, all while receiving a helpful tax deduction for your primary residence. Energy Windows Doors and More offers a fine selection of energy-efficient windows that you can use to deduct some of the cost on your taxes.
Upgrade your home’s windows to improve its energy efficiency, appearance, and safety. If your current windows are causing high bills, it’s time to replace them. Doing so for your primary residence also provides a convenient tax deduction, lowering your tax bill and giving you peace of mind that your windows are Energy Star-certified.
During the 2023 tax year, the “Nonbusiness Energy Property Credit” has changed into the “Energy Efficient Home Improvement Credit.” The credit also adjusted the amount of window installation cost claims from 10% ($200 maximum) to 30% ($600 maximum). Therefore, now is an excellent time for homeowners to swap out their old windows for Energy Star-certified windows that are eligible for the credit. You can claim the credit for improvements made through 2032.
South Jersey residents who are eligible to enjoy this tax credit must replace windows in their current home and may not use the credit for a brand-new build. They cannot utilize the credit for their rented properties or those where they are acting as the landlord. Businesses are not eligible for this home improvement credit but may apply it if they use 20% or less of the property for business purposes and the rest as their residence.
The cost of the windows themselves, not the installation process, is what you will receive a tax deduction for. Although you’re paying for products and services, you are spending less than you would without the helpful credit in place. Always consult with a tax professional to make sure you have the appropriate credit.
Installing new windows means you can explore the best window types. To maintain eligibility for the tax credit, you must select Energy Star-certified windows (that the National Fenestration Rating Council has verified).
We hope you better understand the question “Can I deduct new windows on my taxes?” At Energy Windows Doors and More, our team can help you find the perfect, energy-efficient windows before time runs out on this incredible tax credit opportunity. Receive your free quote or give us a call today at 609-703-8332.
