Tax Credit and Energy Savings: Window replacement in Connecticut

Tax Credit and Energy Savings: Window replacement in Connecticut

Replacement windows, if made properly can improve money and by virtue of that alone reduce energy costs and save homeowners money. Considering that Connecticut is one of those states where there’s 6 months of winter, 2 months of nice, and the four months of blistering sweltering high humidity heat, it’s understandable that people would want to save money on insulation, however, that’s not the only reason people invest into window replacement in Connecticut. The other reason, and the other way it can save money is because you get a tax credit if you switch to energy star windows. The goal behind the tax credit is obvious (get more people to use more energy efficient technology) and it’s actually an effective way of getting people to try something.

The problem with a lot of energy saving strategies is that they cost all the money up front and then the savings are pro-rated out over years. The savings can well exceed the cost over time, but because it’s such an investment it becomes a lower priority. By providing a targeted tax credit to getting window replacement the state of Connecticut hopes to get people to use less energy to help keep energy costs low, and to reduce the environmental damage and strain. The goal of the tax credit is to economize this decision to make it more affordable for more people so the state as w hole can move in that direction.

Tax credits are sometimes controversial, but that’s to be expected, issues of taxation and budgeting are always complex and almost always inherently unfair, it’s hard to balance all of the competing interests at play in a fair equitable way and often legislators fail. Whether or not you think a tax credit is the right thing from a political point of view, from a personal one it can still be something to take advantage of. If the state of Connecticut chooses to subsidize individuals’ window replacements then it’s up to the individuals to decide if it makes it worth it. Keep the tax credit in mind, look to see how much it will actually save you, and look to see how much you can save over the long term with replacement windows, and decide if it’s the right decision for you to make financially. You have a responsibility to do what’s fiscally intelligent for you and your family. We might argue over the structure of the tax credit, but few will argue against its intent and use to reduce our dependency and use of energy sources.

 

 

Tax credit or not, window replacement can save a home owner in Connecticut a lot of money over the long term. If you’re interested in getting energy star approved windows to reduce your use of resources for heating and cooling your home, call V. Nanfito, a company that’s been serving all of Connecticut since 1965. Call V. Nanfito at 203.639.1634

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