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Windows and Doors In the News...
Make the Most of Your Tax Rebate: Reinvest in Your Home
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(ARA) – In an effort to jumpstart the struggling economy, the federal government has approved an economic stimulus package that will send rebate checks to qualifying taxpayers, some as early as May. Homeowners can use this refund to invest in home improvements that add value in a difficult housing market. Qualifying individual taxpayers will get up to $600 in rebates, working couples $1,200 and those with children an additional $300 per child. Add that to the average refund |
some taxpayers can expect after filing their taxes ($2,548 in 2007, according to CNNMoney.com) and that’s approximately $3,800 in total refunds from the federal government this year.
Investing these dollars in home improvements, such as replacing old leaky windows with newer, energy efficient ones, can offer homeowners a significant return on investment. Some experts believe that replacement windows are one of the best home improvement investments you can make in your home.
“Remodeling Magazine’s” 2007 Cost vs Value Report estimates that a homeowner may recoup 81 percent of the cost of installing low maintenance replacement windows at resale. That means on an $8,000 window replacement project, homeowners may recoup $6,480 at the time of sale.
In addition, new energy efficient windows can lower heating and cooling bills, improve a home’s comfort and aesthetics, and add long-lasting value.
There are some important things to keep in mind when choosing new energy efficient windows. Homeowners should look for the ENERGY STAR label to ensure that they are energy efficient. According to the U.S. Department of Energy, replacing inefficient single pane windows with ENERGY STAR qualified windows could save up to 15 percent on your energy bills. To recoup even more savings, homeowners can take advantage of the new Energy Tax Credit.
With a substantial savings in energy costs along with a solid return on investment from home improvement projects, buying energy efficient windows is a wise use of your rebate dollars. And, if you ever decide to sell your home, energy efficient windows can give you the edge -- and often a higher resale value -- over other sellers in an increasingly competitive housing market.
Courtesy of ARAcontent (some content provided by ARA)
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Window Resources:
Window Facts:
- Windows bring light, warmth, and beauty into your home; however, they are thermal "holes," through which energy escapes.
- An average home may lose up to 80% of its heating or cooling energy through its windows.
- According to the Lawrence Berkely National Laboratory study for the Department of Energy the US energy consumption is expected to increase by 35% between now and 2025.
- With energy costs soaring, our energy efficient windows will save you money each and every month!
- Contact Superior Window Company today and learn about our Energy Savings Pledge and Price Guarantee
