Is It Possible To Get A Tax Credit From Commercial Window Tinting?
November 14, 2022

Is It Possible To Get A Tax Credit From Commercial Window Tinting?

Are you planning to invest in commercial window tints for your office? If your answer is yes, this blog post will benefit you. This detailed guide will let you know how to save money through this. Yes, you heard it right! 

If you install commercial tinting on your property, it will help you get a tax credit. Here, we will talk about everything you need to know about this. So, let's get started with our discussion without wasting any more time:

What Is A Tax Credit? 

Tax credit typically refers to the amount of money the taxpayers can directly subtract from the taxes they owe. Instead of lowering the amount of taxable income, it reduces the actual amount of tax owed.

The government is encouraging all businesses to adopt eco-friendly approaches by rewarding them for their efforts. One of the best examples of this involves commercial window tinting. 

By investing in this energy-efficient solution, you, as a business owner, can show your dedication to making your community more environmentally friendly. So, along with saving a lot of money on energy bills, you could also receive a tax credit by installing commercial window tints to your setting.

Let's say you owe $1,000 in federal taxes but have received a tax credit of $500. By subtracting both these amounts, you will see that your net liability goes down to $500, which is excellent. 

So, a tax credit can prove to be a terrific asset for your business. Now, you may have questions about how to receive this benefit. Well, don't worry! We will provide you with a detailed overview in the forthcoming section:  

Commercial Window Tinting And Tax Reduction

Once you know what a tax credit is, it is time to move ahead in our discussion by talking about how commercial window tinting can help in tax reduction.

George W. Bush signed the Energy Policy Act of 2005. As a part of this, the US government is bound to offer a total of $14.5 billion in tax incentives, especially energy-related enhancements.

Commercial tinted windows also fall under this Act. By investing in this, you could get a tax credit. But one of the crucial things to note in this aspect is that the maximum amount you can obtain for this particular tax credit is $500. Also, the tax credit is determined by the cost of the products and materials you utilize to install the commercial tinted windows, not the installation service itself.

However, the good news is that you are guaranteed to receive some variation of tax credit for this installation. But the only limitation is that the credit does not apply to those who have focused on installing the window tint on newly constructed residential or commercial properties.

How To Get Federal Tax Credit By Choosing To Do Commercial Window Tint Installation?

Documentation That Is Typically Needed

You can get as much as 10 percent of the tax credit on the window tint installation if you have all the required documentation when filing your tax returns. You will be required to fill out and submit IRS form 5695 along with the property owner's tax return. 

Another important thing that you need to submit is the copies of the invoice provided by your window film supplier. But it would help if you remembered that the info on this document would require to be separated as per the installation and material costs. 

You should also have a copy of the manufacturer's certification information in your hands, as it will help ascertain whether the used products meet the criteria for the tax credit.

Dual Means To Save Money 

The tax credit you can obtain from commercial window tint installation is a once-off event. However, you can get long-term returns out of it in the form of lowered energy costs. 

With the installation of the window film, you will see that the overall energy cost of the building has been reduced by about 85 percent, especially during the summer months. Note that most window film products aim to keep hazardous UV rays and excessive heat outside. As a result, it helps in reducing the need for air-conditioning.

When installing window tint to your setting, you should get it done by an accredited company. You must do so to avoid ending up receiving inferior quality products. 

And in such a case, you will ultimately lose the opportunity for your proper tax credit request to be approved. It is always a good idea to find a reputed service provider for getting this job done if you want to get the most out of it.

Receiving tax credits is one of the significant benefits for which many business owners these days choose to install window films in their offices. However, there are many other advantages as well. Some of these are as follows: 

Key Benefits That Comes With Commercial Window Tint Installation

  • Protects Your Office's Interior

If the color of your office walls has started to fade, then it may be due to the harsh UV rays of the sun. It is recommended to install commercial window tints to prevent this kind of issue. It is because these tints help in reflecting those UV rays away from your office. And thereby, your workspace looks more vibrant and newer.

  • Maintains A Stable Temperature

The unfiltered sunlight entering your office space can result in uneven interior temperature. The sun's UV rays are responsible for the temperature spike in your workplace. 

Some parts of the building may feel cool, whereas others are extremely hot. As a result, your air conditioner has to work even harder to cool down things. But you will likely avoid such issues when you tint your windows. 

This way, you can prevent the entry of UV rays into your setting. So, the AC requires less energy, which helps lower your energy bills.

  • Ensure The Comfort Of Your Employees

Installing window tints to your setting helps increase the productivity of your employees by enhancing their comfort. It, in turn, aids in boosting the profitability of your business.

Final Thoughts

Now that you know the benefits of investing in commercial window tinting, it is time to move ahead in the same direction without thinking anymore. Looking for a reliable window film installation company for this work? If yes, all you need is to get in touch with Tint By Masters today, who are dedicated to offering you the best assistance

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Contact the Tint By Masters experts call us today at (407) 521-0920 or click the button below for our free estimate request form!