Jan 4 2009
CPFilms(R) Inc., a wholly owned subsidiary of Solutia Inc. (NYSE: SOA), and the world's leading producer of professional window films for automotive, residential, and commercial markets, has announced that its Vista(R), LLumar(R) and Gila(R) energy-saving window films will qualify for a federal tax credit in 2009.
Homeowners can now earn up to a $500 tax credit by installing these energy-saving window films during the 2009 calendar year.
"Affordable energy-savings solutions for home improvement continue to be in high demand," said Kent Davies, president of CPFilms and senior vice president of Solutia Inc. "Our job is to continually introduce consumers to window film as a low-cost, high-return energy savings solution. In addition to energy savings, window film helps to reduce glare, improves privacy, and protects families and furnishings from damaging UV rays. Energy savings and the tax credit work together to make this the right time to put window film at the top of the home improvement list."
Under section 25C of the Internal Revenue Code (I.R.C.), homeowners can receive a 10 percent credit on the costs of "qualified energy efficiency improvements," including solar control window film on windows, doors, and skylights. This tax credit applies to improvements made to a primary residence from Jan. 1, 2009 through Dec. 31, 2009. Tax credits are available for many types of home improvements, and are listed on www.energystar.gov .
How to Receive the Tax Credit
Consumers who purchase most types of LLumar, Vista, and Gila solar control window film brands from professional distributors or dealers for residential use from Jan. 1, 2009 to Dec. 31, 2009 are eligible for the 2009 tax credit. A maximum lifetime credit of $500 per taxpayer for eligible home improvements applies.
Unlike a tax deduction, which reduces the amount of income subject to tax, a tax credit directly reduces the amount of income tax you have to pay. To receive the tax credit, consumers are required to submit IRS Form 5695 with their 2009 Income Tax Return. Copies of the dealer invoice and the manufacturer's certification statement should be saved. For additional information about tax credit eligibility, consumers can contact their nearest dealer, or refer to www.windowfilmtaxcredit.com .
Energy Saving Benefits
Solar control window film can reduce heat gain by approximately 80 percent, providing significant residential energy cost savings.
According to Davies, "Energy costs related to the heat gained through windows can make up about 40 percent of a home's seasonal utility bill. Window film reflects solar heat, which helps lower energy consumption."
LLumar or Vista solar control window films are professionally installed by the industry's largest network of factory-trained dealers. Visit http://www.vista-films.com or http://www.llumar.com to find a dealer near you. The Gila do-it-yourself line of solar control window films can be found at most major home improvement retailers. Visit http://gilafilms.findlocation.com/ to find a retailer near you.