WASHINGTON--(BUSINESS WIRE)--Window Film is eligible for tax credits recently extended by Congress and the tax incentive can cover up to 10 percent of the cost of the installation of window films to a maximum of $500, reports the International Window Film Association (IWFA). The one-year retroactive tax credit may allow taxpayers to claim the incentives on their 2014 returns filed in 2015.
“We are delighted that Congress recently passed HR 5771 that includes tax incentives for energy efficient home improvements, such as installing window film,” said Darrell Smith, executive director of the nonprofit IWFA. To make people more aware about the many benefits of window films the IWFA offers informational videos available at www.iwfa.com and free consumer booklets.
As a long-term and cost-effective solution for saving energy, window film qualifies in the legislation as part of a building’s ‘insulation envelope’. It can reduce energy consumption from solar heat gain in summer or reflect interior heat back inside in winter, while allowing in natural light without the negative impact of UV exposure. Year-round, window film can help to control glass breakage and may prevent glass shards from hurting people. Consumers should check with their window film installer or smanufacturer to determine if their product qualifies under the tax incentive program.
While reducing our energy use and an energy user’s overall carbon footprint, some energy-efficient changes require significant investment, but window film has been shown to be a cost-effective means of improving energy performance. Window Film is also part of the California building code, in part due to its recognition for offering a high-value, low-cost method for saving energy.
About the International Window Film Association
The International Window Film Association (IWFA) is a unified industry body of window film dealers, distributors, and manufacturers that facilitates the growth of the industry by providing unbiased research, influencing policy and promoting awareness of window film. The organization builds alliances with trade associations, utilities and government agencies to advance dealers’ and distributors’ businesses and provide value to their customers. Join the IWFA on Facebook, follow us on Twitter and subscribe to our YouTube channel.