Storm windows can be very effective at cutting down on energy loss and drafts at windows. If you’re thinking about buying new storm windows, be aware that U.S. taxpayers can take advantage of 2009 - 2010 federal tax credits to help offset the cost.

What is covered? The program covers a storm window that,  used in combination over an exterior window 1) has a U-factor and SHGC of 0.30 or below and 2) meets the prescriptive criteria for such components established by the IECC.  This is complicated, so check out the specifics with the dealer when making the purchase.

Amount of federal tax credit: 30% of the material cost, up to $1,500. Installation costs are not included.

Notes: The storm windows must be placed into service between January 1, 2009, and December 31, 2010, on your principal residence. A Manufacturer’s Certification (a  statement from the manufacturer certifying that the product qualifies for the tax credit) is often available from the manufacturer’s Web site. This statement should incude information about the performance of the storm window when placed over various specific types of windows. This should be kept in your tax records along with your receipt. When filing your federal tax return, submit IRS Tax Form 5695.