Can Commercial Window Tinting Be Written off on My Business Taxes?
Did you know it could be in your interest to hire commercial window tinting? Check out our article to see how you could get a tax deduction.
Have you been considering investing in commercial window tinting for your business? Do you want to find a way of making sure your business operations are as energy-efficient as possible? If so, then you need to learn all that you can about commercial window tinting right away.
Not only does commercial tinting improve business quality, but it's also a lot more cost-efficient than most business owners originally anticipate. So much so, that getting commercial tinting installed on your property can help you get a tax credit.
See below for an in-depth guide explaining all the benefits of commercial window tinting and how it can help you get a tax credit.
What is a Tax Credit?
Many business owners cringe at the thought of anything tax-related. We're taught as entrepreneurs to be wearing of tax season when really, we could be using it to our advantage.
The government is making a huge push for businesses to be more eco-responsible and is rewarding those companies handsomely for their efforts.
Commercial window tinting is a perfect example of this. By investing in this energy-efficient product for your company, you've shown a commitment to making your community more eco-friendly. It doesn't hurt that window tinting can help your company save on monthly utility bills!
In our intro, you saw us say that you could receive a tax credit, but what does that mean? How can that benefit you come tax season?
In short, a tax credit allows you to reduce your income taxes dollar for dollar to match the tax credit that you're given.
So let's say, for example, that you owe $2,000 in federal taxes but are given a tax credit of $1,500. When you place the two together ($2,000 - $1,500), your net liability drops to $500 (which is a good thing!).
As you can see, a tax credit can be a tremendous asset for your business. But how can you unlock it for your company? Let's find out more below...
Can Commercial Window Tinting Reduce Your Taxes?
So now that you understand the concept of a tax credit (if you didn't already), let's get to the primary question of this article: can commercial window tinting reduce your taxes?
The answer is yes, by giving you a tax credit to be used later on. The Energy Policy Act of 2005 was signed by George W. Bush and offers a total of $14.5 billion in tax incentives for energy-related improvements.
Commercial tinted windows are a part of that Act, so they can help you gain a tax credit. However, be aware that the maximum amount that you will receive for this specific tax credit is $500.
The tax credit is only determined by the cost of the materials and products you use to install the commercial tinted windows, not the installation service itself.
The good news is that you're essentially guaranteed to get some variation of tax credit for this installation. The only caveat is that the credit doesn't apply to those that install them on newly-constructed commercial or residential properties.
The Benefits of Commercial Tinted Windows
A tax credit is a tremendous benefit, but it shouldn't be the only reason that you're considering applying tint to your commercial windows. There are far more benefits than that; see below for more information.
Stable Temperature
Are you tired of walking into your office space at a certain time of day and feeling like the temperature spiked 10 degrees? The most common cause of this is unfiltered sunlight that makes its way inside.
The ultraviolet rays in that sunlight cause the temperature to climb in your workplace, which will force your air conditioning to work even harder to cool things down.
With tinted windows, you'll be able to block those UV rays from coming inside, thus requiring your AC to use less energy and lowering your utility bill in the process.
Comfort for Your Staff
Did you know that a comfortable temperature can improve your workforce's productivity levels? If you can maintain a consistent temp in the office, you can expect higher execution.
The fluctuation in temperature can take a toll on your staff. If it's too warm, it could cause them to feel groggy or drowsy. If it's too cold, they'll be too uncomfortable to think effectively.
Tinted windows will help you keep an environment that allows your workers to flourish. That means a higher ROI on the salary that you pay them, as well as fewer breaks for them to step outside or talk at the water station with their coworkers.
Protection for Your Interior
Have you noticed that the color on your walls has started to fade? Do you feel like your cubicles and floors look way older than they are? If so, this is due to the harsh UV rays constantly eating away at them.
If you install commercial window tinting, you can reflect those UV rays away from your office and keep your workspace looking younger and more vibrant.
This can have a direct effect on your brand. Customers and workers will walk in and feel rejuvenated by the consistent, lively aesthetic of your office each day.
Invest in Commercial Window Tinting for Your Business
Now that you have seen an in-depth guide on how commercial window tinting can help your company gain a tax credit, be sure to use this information to your advantage.
Take the time to read this article for more of the top benefits of installing commercial window tinting in your office space. For more inquiries, please call Solarworks Glass Tinting now at 770-664-4100 and we will be happy to assist you further.
