February 16, 2009, President Obama signed the American Recovery and Reinvestment Act of 2009 (ARRA) into law. This Act increased tax credits available to homeowners who make qualified energy efficient improvements to their existing primary residences. If you are a homeowner and are thinking about installing new HVAC equipment, you should consider the benefits qualifying equipment would provide at tax time. Not only can these credits lower your tax liability, they can also reduce your energy costs by up to 40% and provide for a cleaner environment.
Homeowners who install qualified furnaces, boilers, heat pumps, central air conditioners, and hot water heaters in 2009 or 2010 may qualify for a tax credit equal to 30% of the installed costs, up to $1500.
A list of equipment that qualifies can be found here. Since manufacturers are always changing their product lines,
please contact us to check on qualifying equipment.
Advancements in HVAC technology, energy efficiency, and performance in the last ten years means that the equipment you buy today can pay for itself in just a few years.
Qualifying Equipment for Tax Credits
Credits Limited to 30% of Installed Cost (up to $1,500) in the tax years 2009-2010.
EQUIPMENT Minimum Energy Efficiency Standard to Qualify for Tax Credit
Central Air Conditioners Split System Packaged System
16 SEER 14 SEER
13 EER 12 EER
Electric Air Source Heat Pumps Split Heat Pumps Packaged Heat Pumps
15 SEER 14 SEER
12.5 EER 12 EER
8.5 HSPF 8 HSPF
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