Energy Guide

Guide to receive your tax credit
Background
On October 3, 2008, President George W. Bush sined
the Emergency Stabilization Act into law. Following that,
President Barack Obama sined the American Recovery
and Reinvestment Act of 2009 into law on February 17,
2009. And lastly on August 16, 2022, President Joe Biden
sined into law the Inflation Reduction Act of 2022.
The combined effect of these laws provides up to a 30%
tax credit on both the purchase and installation of
qualifying products in renewable technoloies such as;
solar electric property, electric vehicles, solar panels, heat
pumps, and other enery-efficient home improvements.
When purchased and installed between January 1,
2022 through December 31, 2034, certain VELUX
products qualify for the tax credit under “Solar
Electric Property” expenditures. These products
include VELUX Solar Powered “Fresh Air” Skylights and
other eliible VELUX Skylights with solar-powered
shades, as well as VELUX Residential Riid Sun Tunnel
*
Skylights installed with the Solar Night Light.
2022–2032: Save 30% with the Federal tax credit
2033: Save 26% with the Federal tax credit
2034: Save 22% with the Federal tax credit
This tax credit is a direct debit of the taxpayer’s total tax
liability. For more information visit veluxusa.com/go-solar
What do I need to do?
Keep your receipts for total price paid
(invoice from contractor for product
and installation) of the qualifying
VELUX products.
Attach receipts to a completed
Manufacturers Certification
Statement
1
and keep for your
records (see reverse side).
Fill out the IRS Residential Enery Efficient
Property Credit tax form 5695 (under “Qualified
solar electric property cost”).
Submit it with your taxes. Enter this tax credit off of
form 5695 on your IRS tax form 1040.
Tax forms can be found at irs.gov.
1
IRS Notice 2009-41 suggests the taxpayer is not required to attach this certification statement to their tax return. However, the taxpayer should
retain this certification statement as part of their tax records.
2
As in all tax matters, the taxpayer is advised to consult their tax professional. VELUX America, LLC assumes no liability regarding the homeowner’s
ability to obtain tax credits.
* 30% tax credit in effect through 2032, 26% tax credit for installations during 2033, 22% tax credit for installations during 2034. For more information
visit veluxusa.com/go-solar.
When the product is installed: When it is tax time:
Go Solar,
Save Big!
Add this option to qualifying
skylights for Federal Solar
Tax Credit eligibility.
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