Are Hurricane Windows Tax Deductible?

Hurricane windows, also known as impact-resistant windows, may qualify for income tax credits if they meet ENERGY STAR^® requirements for certification as energy-efficient home upgrades. In recent years, the IRS has allowed homeowners to take a tax credit of up to 10% of the cost of qualifying energy efficiency improvements, including replacement windows. It’s important to remember that the details of receiving tax credits for energy-saving upgrades vary according to individual taxpayers. The qualifications also change from year to year, so you’ll want to do your research or consult with a tax preparation professional to make sure your investment qualifies for the credit.

What Hurricane Expenses Are Tax Deductible?

Generally, expenses directly related to defending against hurricane damage, such as installing impact-resistant windows and doors to your home or property, may be tax deductible. These deductions should be itemized on your tax return. However, everyday maintenance or improvements that increase your property’s value might not qualify. It’s advisable to consult a tax professional to navigate the specifics of deductible hurricane expenses based on your situation.

How Can Hurricane Windows Affect Your Homeowners Insurance?

In addition to being tax deductible, your investment in hurricane windows may also qualify for a discount on your homeowners insurance. This is because many insurance companies want to encourage homeowners to invest in upgrades that will protect their homes from the severe damage that high-speed winds can inflict. Replacement windows that meet the stringent Florida standards to be marketed as hurricane windows will also deter the threat of break-ins that could lead to costly homeowners insurance claims.

What Is the Tax Credit for Hurricane Windows in 2023?

As an incentive for homeowners to bolster their residences to withstand the impact of hurricanes, the U.S. Government has introduced the Tax Credit for Hurricane Impact Windows. Now through 2024, homeowners can claim a tax credit of up to 30% of the cost of qualifying energy-efficient improvements to their homes, which may include hurricane windows if they meet certain standards. When claiming this tax credit, homeowners can reduce the amount owed, or increase their refunds received.

Additionally, homeowners in Florida can enjoy additional savings thanks to the Home Hardening Tax Exemption relief bill. Thanks to this impressive bill signed by Governor Ron Desantis, impact-resistant windows and doors can be purchased free of sales tax now through June 30, 2024.

Benefits of High-Quality Hurricane Windows

Of course, the primary benefit of upgrading your home with hurricane windows is the peace of mind you’ll receive, knowing your home is protected from the devastating damage that can occur when ordinary windows are breached during a powerful storm. Unlike many other types of hurricane window protection, impact windows remain in place year-round, so there’s no need to make a last-minute, desperate attempt to cover your windows when a storm suddenly whips up without warning.

Impact Windows That Are Made for Florida Homes

NewSouth Window Solutions is proud to offer and install replacement windows that have been tested by independent experts to make sure they meet the tough standards to be labeled as hurricane windows. Not only that, but our windows also meet or exceed ENERGY STAR^® standards, so you can feel confident that they’ll help you save energy and keep your cooling and heating bills in check. The unmatched protection and energy efficiency that our hurricane windows provide is thanks to features such as:

• Corrosion-resistant hardware
• A heavy-gauge, multi-chambered frames
• Double-paned glass with low-E coating

What’s more, because we also install the very products we manufacture, we can ensure each window replacement we perform is completed to the highest standards for quality and craftsmanship.

Reach Out Today

Contact NewSouth Window Solutions today to learn more about our high-quality impact windows. During a no-obligation consultation, we’ll be glad to tell you about the financing options available to those who qualify, as well as the lifetime transferable warranty you’ll receive on both your new windows and their installation.