Any replacement windows that you purchase now will not be tax deductible. This is because the Nonbusiness Energy Property Tax Credit expired in December 2017. As a result, homeowners like you are now left with a predicament: are replacement windows worth the investment?
In this blog post, top replacement doors company Renewal by Andersen® of Kentucky, discusses the question of whether buying replacement windows still make sense financially.
Cost and Value
The immediate cost of upscale window replacement is still more than its resale value. Vinyl window replacement costs up to $16,031 with up to $11,348 in resale value. On the other hand, wood window replacement costs up to $19,728 with a possible $12,886 resale value.
The long-term savings gain can be significant, especially replacement windows’ impact on home resale value.
Although it doesn’t offset the immediate cost, homeowners have a general tax credit that they can use for insulation items, including replacement windows. The credit can be used for replacement of double-hung, casement or other egress windows.
Our replacement windows are quite durable and stand the test of time due to our innovative Fibrex® material, which is twice as strong as vinyl and insulates homes just as well as wood. Investing in our high-quality replacement windows yields significant long-term savings on maintenance and repair costs. Our ENERGY STAR®-certified replacement windows and patio doors can also help you save significantly on your energy bills. In short, investing in Renewal by Andersen windows offers great returns on investment and added property value.
Renewal by Andersen also offers high-quality replacement entry doors. If you are weighing options for replacement windows, you can schedule a consultation by calling us at (502) 716-7264. We serve clients in Louisville, KY.