Going Green in Massachusetts: How Solar Skylights and Blinds Can Help You Save Money on Taxes and Energy Bills!
Going Green in Massachusetts: How Solar Skylights and Blinds by VELUX, Can Help You Save Money on Taxes and Energy Bills!
Are you looking to save money on your taxes while also improving the energy efficiency of your home? Consider installing VELUX solar skylights or solar blinds! Here in Massachusetts, homeowners may be eligible for tax credits when they install these eco-friendly solutions.
The Benefits of Solar Skylights and Blinds for Your Home
What are VELUX solar skylights and solar blinds, you ask? They are energy-efficient skylights and blinds that use solar power to function. By harnessing the power of the sun, they can provide natural light to your home while also reducing your energy bills. And, as mentioned earlier, they may also qualify you for tax credits!
In addition to their energy-saving benefits, solar skylights can improve your mood and overall wellbeing. The reason is that it will provide natural source of light. Studies have shown that exposure to natural light can help reduce stress. Furthermore, it increases productivity and makes solar skylights a smart choice for any homeowner. On the other hand, solar blinds are designed to regulate the amount of sunlight that enters your home, which can help keep your home cool in the summer and warm in the winter.
Requirements for Tax Credit Eligibility on Solar Skylights and Blinds
To be eligible for the tax credit in Massachusetts, your solar skylight or solar blind must meet certain energy efficiency requirements set by the state. These requirements ensures that your new VELUX skylight or blind will reduce energy consumption and save money on energy bills.
So, what exactly does this tax credit entail? Well, if you install a solar-powered skylight or blind, you may be eligible for a tax credit based on 30% of the total cost of the installation. It also includes the cost of the skylight or blind itself and the cost of installation. This credit can help you save a significant amount of money on your taxes while also improving your home’s energy efficiency.
It’s important to note that changing the skylight blinds alone will not necessarily result in a tax credit. However, if you install a solar-powered VELUX skylight or blind, any associated costs, including installation, may be eligible for the tax credit.
Enhancing Your Home’s Value
In addition to saving you money on energy bills and potential tax incentives, installing solar skylights and blinds can add value to your home. These features not only make your home more energy-efficient but also enhance its overall aesthetic appeal. Natural light can make a room feel brighter and more inviting, while also reducing the need for artificial lighting during the day.
Skylights can also increase the feeling of spaciousness in a room and provide a connection to the outdoors. Additionally, the added convenience of remote-controlled, solar-powered blinds can make your home more functional and modern, appealing to potential buyers and increasing your home’s resale value.
Inclusion of Asphalt Shingle Replacement Costs
Now, you may be wondering if the shingles around the solar skylight or solar blind are included in this tax deduction. The answer is yes! According to the MDER, the cost of roof preparation, such as the removal and replacement of shingles around the skylight or blind, can also be included in the tax credit.
In summary, installing VELUX solar skylights or solar blinds in your Massachusetts home can lead to potential tax savings. It would also save on energy bills and increased home value. Make sure to choose an energy-efficient option that meets state requirements. Plus, don’t forget that the cost of roof preparation, including shingle removal and replacement, you can also include the cost in the tax credit.
If you’re interested in learning more about how to make your home more energy-efficient, or if you have a project you’d like to discuss with us, please don’t hesitate to contact us. We’re always here to help you go green and save money in the process.