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Eligible for 30% Federal Tax Credit

Background

On October 3rd, 2008, President George W. Bush signed, into law, the Emergency Stabilization Act followed by President Barack Obama signing, into law, the American Recovery and Reinvestment Act of 2009 (ARRA) on February 17th, 2009.

The combined effect of these two laws provides a 30% Tax Credit on both the purchase and installation of qualifying products in renewable technologies such as; Solar Electric Property, Residential Solar Water Heating, Qualified small wind energy and qualified Geothermal Heat pump energy as well as others.

Under these laws VELUX Solar Powered Fresh Air Skylights as well as VELUX Solar Powered Blinds qualify under "Solar Electric Property" expenditures when purchased and installed from January 1, 2009 through December 31st, 2016. This tax credit is a direct debit of the taxpayers total tax liability.

What do I need to do?²

When the product is installed:

Keep your receipts for total price paid (Product and installation) for one of the qualifying VELUX products and attach them to a completed 30% Federal Tax Credit - Manufacturers Certification Statement¹ and keep for your records.

When it is Tax Time

Fill out IRS Tax form 5695 and submit it with your taxes. Enter this tax credit off of form 5695 on your 1040 form.

Residential Energy Credits Form²

¹IRS Notice 2009-41 suggests the taxpayer is not required to attach this certification statement to their tax return. However, the taxpayer should retain this certification statement as part of their tax records.
²As in all tax matters, the taxpayer is advised to consult their tax professional. VELUX America, Inc. assumes no liability regarding the homeowner’s ability to obtain tax credits.

Federal Tax Credit Estimator

For more information please refer to the state energy office website for specific state tax information or go to the Database of State Incentives for Renewables & Efficiency, at www.dsireusa.org.

*Disclaimer: VELUX is not responsible or liable for the taxpayer’s ability to obtain tax credits. When claiming a tax credit please consult a tax professional with any questions. This, or any other document provided by VELUX, is not intended to represent tax or legal advice. More comprehensive information in this matter should be provided by the IRS.

Solar Water Heating Tax Credit Info

Solar Blind Tax Credit Info

To qualify for the credit the customer will need their receipt of the cost of the product including installation, the date is was placed in service, and the manufacturers certification statement which is available here. The tax credit is a direct debit of a taxpayers total tax liability.

Manufacturer’s certification statement
Solar blinds

Eligible for 30% Federal Tax Credit

When the product is installed:

When it is Tax Time

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