Solar Tax Credit for Skylights

    The Emergency Stabilization Act was signed into law by President George W. Bush on October 3, 2008, followed by the American Recovery and Reinvestment Act of 2009 (ARRA), which was signed into law by President Barack Obama on February 17, 2009. On August 16, 2022, the Inflation Reduction Act of 2022 was signed into law by President Biden, which includes tax credits for clean energy.

    Together, these laws offer a 30% tax credit for the purchase and installation of qualifying products in renewable technologies, such as solar electric property, electric vehicles, solar panels, heat pumps, and other energy-efficient home improvements.

    As a result of these laws, VELUX Solar Powered Fresh Air Skylights, other eligible VELUX Skylights with Go Solar, as well as VELUX residential rigid Sun Tunnel® with the solar night light, and VELUX Solar Powered Shades qualify as “Solar Electric Property” expenditures if they are purchased and installed between January 1, 2009, and December 31, 2034.

    Replacement Skylights for Sale

    How do I get the tax credit?

    After installing the product, ensure to retain your receipts that show the total price paid, including both the product and installation costs, for any of the eligible VELUX products. Then, attach these receipts to a duly filled Federal Tax Credit – Manufacturers Certification Statement and keep the document for your personal records.

    When it is tax time: Fill out IRS Tax form 5695 and submit it with your taxes. Enter this tax credit off of form 5695 on your 1040 form.

    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 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.