The Federal Tax Credits Blog

Question: Residential Energy Tax Credit – do I qualify?

I consulted with a salesman about buying windows for my home around December 2008. The windows were installed the end of December 2008, but my first payment towards the windows wasn’t until January 2009. I am unsure if I qualify for the tax credit. Any insight is appreciated.
Can you get a credit in 2008 for new windows? I thought the credit was only implemented for 2009. Thanks!

Answer: The credit is based upon the cost of the windows only, not the labor to install them, and the date they are installed (placed in service) is what determines. So if they were installed in 2008 the tax credit would be good for 2008 tax year.

Commercial real estate failures easier to spot than residential woes

Skeletons of unfinished buildings, weed-infested vacant lots for projects that never got off the ground and for-sale signs are the more visible remnants of an overextended market caught in the jaws of the biggest financial crisis and economic downturn since the Great Depression.

Vinyl Replacement Windows

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