Energy efficiency tax credits are an important incentive for homeowners and businesses looking to save on energy costs while also reducing their carbon footprint. One often overlooked option for increasing energy efficiency is the use of window film.
Window film is a thin layer of material that is applied directly to the surface of a window. It is available in a variety of tints and shades, and can be used for a number of different purposes including glare reduction, privacy, and most importantly, energy efficiency.
One of the primary ways that energy-efficient window film increases energy efficiency is by reducing the amount of heat that enters a building through windows. This is especially important in the summer months, when the sun’s rays are at their strongest. By blocking some of the heat from the sun, window film can help to keep a building cooler, reducing the need for air conditioning and lowering energy bills.
In addition to reducing heat gain, window film can also help to reduce heat loss in the winter. This is because it acts as an additional layer of insulation, helping to keep the heat inside a building and preventing it from escaping through windows. As a result, buildings with window film installed may require less heating, resulting in further energy savings.
Financial Incentives for Energy-Efficient Window Film
Many homeowners and businesses may be unaware of the potential financial incentives available to them for installing window film. The good news is that window film is now eligible for energy efficiency tax credits in the United States.
The new energy efficiency tax credits, which were introduced as part of the Tax Cuts and Jobs Act of 2017, allow homeowners to claim a credit for certain energy-saving home improvements, including the installation of window film. The credit is equal to 10% of the cost of the window film, up to a maximum of $500. This means that homeowners can save up to $500 on their taxes by installing window film in their homes.
Businesses can also take advantage of energy efficiency tax credits for the installation of window film. The credits for businesses are slightly different, with a maximum credit of $1.80 per square foot of window film installed. This can add up to significant savings for businesses with large window areas.
It is important to note that not all window film is eligible for energy efficiency tax credits. To qualify, the window film must meet certain energy performance standards as set by the Department of Energy. A list of approved window film products can be found on the Department of Energy’s website.
Additional Benefits of Window Film
In addition to the financial incentives provided by energy efficiency tax credits, the use of window film has a number of other benefits. It can help to reduce glare, which can be especially useful in offices and other commercial buildings. It can also provide privacy, making it a good option for homes and businesses in busy or urban areas.
Overall, the use of window film is a simple and cost-effective way to increase the energy efficiency of a building. With the availability of window film tax credits, there has never been a better time to consider the installation of window film. Homeowners and businesses alike can save money on energy costs and take advantage of the financial incentives offered by the government.
Take the Next Step
Ready to learn more about how window film can improve the energy efficiency of your home or business? Contact the experts at Wolfgang Window Film for more information. Visit https://www.wolfgangwindowfilm.com/contact/ to get in touch with our team today.
