Replacement Window Tax Incentives, Rebates and Discount on Long Island
With the unusually cold winter we’ve been having on Long Island, you’ve finally decided it might make sense both from a comfort level to replace the aging windows in your Long Island home. Not only will new windows make your home more comfortable, but they will likely save you money on your energy bills, so it makes sense financially as well. At this point you might be considering about how the project will affect your budget.
If this is the year you want to tackle home upgrades and insulation projects to lower your energy use, we have some good news for you. There are plenty of rebates and discounts out there to help defray the cost of your project and make the whole process less stressful from a financial point of view.
If you are really serious about saving money, this could be the perfect time for Long Island homeowners to replace their windows since there are several grants, low-interest financing options and cash-back incentives in our area that make paying for your renovation project easier.
Did you know. . .
PSE&G (formerly the Long Island Power Authority) and National Grid customers who complete qualified energy upgrades that make their home more efficient are eligible for a 10% cash-back incentive. Other incentives for Long Island homeowners include low-interest loans (3.49%) that allow you to make monthly payments with your power bill, and up to $5,000 in grants if you qualify.
This means that if your home needs insulation, updates for heating and air conditioning, new appliances and replacement windows and doors as part of your energy-efficiency overhaul, you have opportunities to do it all at one time. You can find out about the products and services covered and check your eligibility by contacting National Grid or clicking on this link.
Why You Should Include Renewal by Andersen of Long Island Replacement Windows
If you plan to do a complete energy-efficiency makeover on your home, here are two reasons to include Renewal by Andersen of Long Island windows and doors in the project plans:
Federal Tax Credits
Under the American Recovery and Reinvestment Act (ARRA), Long Island homeowners can take up to $1,500 in tax credits, including finance charges for your replacement windows, external doors and skylights.
There are some restrictions and qualifications. For example, the credit is an aggregate total, which means if you have claimed tax credits for windows and doors previously, your maximum may be less. Also, the limit is capped at $200 over the total expense, which means if your finance charges and fees are $250, you can only apply the first $200 for a credit on your federal return.
Another tax advantage for homeowners considering major renovations in 2014 is the mortgage interest deduction. If you refinance or take out a second mortgage and you are eligible to itemize, deducting paid interest is a benefit you can enjoy.
We are not tax experts, we manufacture and install windows, so we recommend that you consult a tax professional before making a buying decision based solely on tax credits and incentives.
When you buy ENERGY STAR® replacement windows from Renewal by Andersen, we provide written support for your tax consultant or the IRS that shows your window choices meet or exceed energy performance standards. Just ask your representative for a copy with your receipt.
Renewal by Anderson Replacement Window Incentives
Naturally, this isn’t a comprehensive list of every rebate and discount available for our Long Island customers. Credit unions and banks often offer low-interest equity lines of credit for remodeling and some agencies have programs that help low-income families with children, the elderly and other special groups help finance a major renovation.
Our in-house team of window specialists are happy to discuss our own discounts and current financing promotions designed to help you get the most out of your budget.
So, whether you have a historic row house you want to restore or you are getting ready to upgrade a single-family residence that needs a facelift and a long overdue makeover, we’re ready to help you plan your project. You can reach us by phone toll-free at (866) 609-5033 or fill out the short form on this page and we will get back to you right away with information about our current specials.
