Even though the standard of living in the USA is considered quite high, there’s a continuous effort to improve it. No wonder that our prime objectives have become career growth, income, and safety. Statistics show that Americans rate their life satisfaction as 7 out of 10, which is higher than the OECD average of 6,7. However, they face the challenge of saving money. Around 64% of American families have credit card debt and struggle with financial security. Moreover, in 2020, an average household spent 33% of income on their housing. It means that we sacrifice our finances to enhance our lives. Fortunately, there is a great solution to this problem. You may be eligible for an energy-efficient home improvement credit. You can both ensure your safety (by applying solar control or safety solar control window film for your home) and get a significant tax credit.
According to the Inflation Reduction Act of 2022 (IRA), you could qualify for a credit of up to 30% of the costs of your qualified energy-efficient improvement. The maximum annual tax credit can reach $1,200, with limits on doors ($250 pre-door and $500 total) and windows ($600). It concerns solar window film application. Unlike tax deductions from taxable income, the tax credit is a dollar-for-dollar credit or tax deduction. This kind of tax credit, the energy-efficient home improvement credit, is granted to benefit the country’s economy and environment.
To be eligible, you must live in the USA and seek to improve your existing home. The only thing to remember is that you should enhance the energy efficiency of your primary residence. It can’t be a building where you don’t live the majority of the year or one that you rent out.
The benefits of saving money on home improvement are significant. Solar window film, applied to your exterior doors or windows, gives extra protection. This film saves you from harmful UV rays that can cause skin cancer, eye damage, or premature aging. What is more, solar control films may offer from 5 to 10% year-round savings on the building’s energy bill. Safety solar control film also strengthens your windows against weather, accidents, or break-ins. One more benefit of such films is their ability to reduce annoying glare. All in all, they prove to be a perfect investment.
While enhancing our standard of living, we can still prioritize savings. Applying a solar control or safety solar control film can improve your life. In addition, it offers you long-term financial benefits. Our team encourages you to take care of your health and save money. Think about energy-efficient home improvement credit. If you need assistance in selecting the right film, we will gladly help you.
