Energy Guide

Guide to receiving your tax credit
Background
In October 2008, President George W. Bush signed into
law the Emergency Stabilization Act. Shortly after in
February 2009, President Barack Obama signed into law
the American Recovery and Reinvestment Act of 2009.
The combined eect of these two laws provides up to a
26% federal tax credit on both the purchase and installation
of qualifying products in renewable technologies. These
technologies include solar-electric property, residential
solar water heating, qualified small wind energy, and
qualified geothermal heat pump energy, among others.
Under these laws, VELUX Solar Powered “Fresh Air
Skylights and other eligible solar-powered VELUX Skylights,
as well as VELUX Residential Rigid Sun Tunnels* with
Solar Night Lights and VELUX Solar Powered Shades
qualify under “Solar Electric Property” expenditures. When
purchased and installed by December 31, 2022, these
VELUX products qualify for a 26% federal solar tax credit.
2021-2022: Save 26% federal tax credit
2023: Save 22% 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 IRS Residential Energy Ecient Property
Credit Tax Form 5695 (under “Qualified solar electric
property cost).
Enter the tax credit from Form 5695 on your IRS Form
1040 and submit with your taxes.
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.
* 26% tax credit in eect through 2022. Credit changes to 22% in 2023. For more information visit veluxusa.com/go-solar.
When the product is installed: When it is tax time:
Eligible for a
Federal Solar
Tax Credit
on product and
installation
Go Solar, Save Big!
Add this option to qualifying
skylights for a Federal Solar Tax
Credit eligibility.
GO
SOLAR
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