Earn Tax Credits With Energy-Saving Window Film from Vista, LLumar, or Gila
Solutia Logo. (PRNewsFoto/Solutia Inc.)
ST. LOUIS, MO UNITED STATES
Federal Tax Credits for Energy Efficiency Renewed for 2009
ST. LOUIS, Jan. 2 /PRNewswire-FirstCall/ -- CPFilms(R) Inc., a wholly
owned subsidiary of Solutia Inc. (NYSE: SOA), and the world's leading producer
of professional window films for automotive, residential, and commercial
markets, has announced that its Vista(R), LLumar(R) and Gila(R) energy-saving
window films will qualify for a federal tax credit in 2009. Homeowners can
now earn up to a $500 tax credit by installing these energy-saving window
films during the 2009 calendar year.
"Affordable energy-savings solutions for home improvement continue to be
in high demand," said Kent Davies, president of CPFilms and senior vice
president of Solutia Inc. "Our job is to continually introduce consumers to
window film as a low-cost, high-return energy savings solution. In addition
to energy savings, window film helps to reduce glare, improves privacy, and
protects families and furnishings from damaging UV rays. Energy savings and
the tax credit work together to make this the right time to put window film at
the top of the home improvement list."
Under section 25C of the Internal Revenue Code (I.R.C.), homeowners can
receive a 10 percent credit on the costs of "qualified energy efficiency
improvements," including solar control window film on windows, doors, and
skylights. This tax credit applies to improvements made to a primary
residence from Jan. 1, 2009 through Dec. 31, 2009. Tax credits are available
for many types of home improvements, and are listed on www.energystar.gov .
How to Receive the Tax Credit
Consumers who purchase most types of LLumar, Vista, and Gila solar control
window film brands from professional distributors or dealers for residential
use from Jan. 1, 2009 to Dec. 31, 2009 are eligible for the 2009 tax credit.
A maximum lifetime credit of $500 per taxpayer for eligible home improvements
applies.
Unlike a tax deduction, which reduces the amount of income subject to tax,
a tax credit directly reduces the amount of income tax you have to pay. To
receive the tax credit, consumers are required to submit IRS Form 5695 with
their 2009 Income Tax Return. Copies of the dealer invoice and the
manufacturer's certification statement should be saved. For additional
information about tax credit eligibility, consumers can contact their nearest
dealer, or refer to www.windowfilmtaxcredit.com .
Energy Saving Benefits
Solar control window film can reduce heat gain by approximately 80
percent, providing significant residential energy cost savings.
According to Davies, "Energy costs related to the heat gained through
windows can make up about 40 percent of a home's seasonal utility bill.
Window film reflects solar heat, which helps lower energy consumption."
LLumar or Vista solar control window films are professionally installed by
the industry's largest network of factory-trained dealers. Visit
http://www.vista-films.com or http://www.llumar.com to find a dealer near you.
The Gila do-it-yourself line of solar control window films can be found at
most major home improvement retailers. Visit
http://gilafilms.findlocation.com/ to find a retailer near you.
NOTE TO EDITORS: CPFilms, Vista, LLumar and Gila are registered
trademarks of Solutia Inc. and/or its subsidiaries.
CPFilms Profile
Solutia's CPFilms Inc. is the world's leading producer of high-quality,
aftermarket window films and a leading supplier of high-value precision-coated
film and film components sold to a variety of businesses. The business
manufactures films that provide comfort, aesthetics, energy savings, safety
and security when applied to glass. CPFilms Inc. is a subsidiary of Solutia
Inc.
Corporate Profile
Solutia is a market-leading performance materials and specialty chemicals
company. The company focuses on providing solutions for a better life through
a range of products, including: Saflex(R) interlayer for laminated glass;
CPFilms(R) aftermarket window films sold under the LLumar(R) brand and others;
high-performance nylon polymers and fibers sold under brands such as Vydyne(R)
and Wear-Dated(R); and technical specialties including the Flexsys(R) family
of chemicals for the rubber industry, Skydrol(R) aviation hydraulic fluid and
Therminol(R) heat transfer fluid. Solutia's businesses are world leaders in
each of their market segments. With its headquarters in St. Louis, Missouri,
USA, the company operates globally with approximately 6,000 employees in more
than 60 locations. More information is available at www.Solutia.com .
