Federal Tax Credit Up To $1500 for High
 Efficiency
Heating & Cooling Models
On February 17, 2009, President Obama made important changes to the
homeowner tax credits for specified energy-efficient home
improvements, which includes qualified heating and cooling products.
Two of the more significant revisions to this include the extension
of the tax credit through 2010 and the increase of the total
available tax credit from 10% to 30%. See below for a full listing
of qualified products.
Homeowners who purchase a qualified heating and cooling
product between January 1, 2009 and December 31, 2010 are now
eligible for a tax credit equal to 30% of the full purchase and
installation price with a cap of $1,500.
SUMMARY OF TAX CREDITS FOR HOMEOWNERS
|
Product Category |
Product Type |
Tax Credit Specification |
Tax Credit |
Notes |
|
Central A/C |
Split Systems:
EER >=13
SEER >= 16
Package systems:
EER >= 12
SEER >= 14 |
30% of cost, up to $1,5001 |
FAQ on Central ACs that qualify for the
tax credit
FAQ on Air Source Heat Pumps that
qualify for the tax credit
Note — not all ENERGY STAR products
will qualify for the tax credit.
View ENERGY STAR criteria. |
|
Air Source Heat Pumps |
Split Systems:
HSPF >= 8.5
EER >= 12.5
SEER >= 15
Package systems:
HSPF >= 8
EER >= 12
SEER >= 14 |
30% of cost, up to $1,5001 |
|
Natural Gas or Propane Furnace |
AFUE >= 95 |
30% of cost, up to $1,5001 |
FAQ on Furnaces and Boilers that qualify
for the tax credit Note — not all
ENERGY STAR products will qualify for
the tax credit. View ENERGY STAR
criteria for
furnaces,
boilers. |
|
Oil Furnace |
AFUE >= 90 |
30% of cost, up to $1,5001 |
|
Gas, Propane, or Oil Hot Water Boiler |
AFUE >= 90 |
30% of cost, up to $1,5001 |
|
Advanced Main Air Circulating Fan |
No more than 2% of furnace total energy
use. |
30% of cost, up to $1,5001 |
Read this FAQ if the fan qualifies, but
the furnace does not. |
Click here
for Armstrong Air Tax Credits |
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