Residential Tax Credit Details

For qualified improvements, homeowners may be able to claim tax credits equal to 30% of the installed costs (up to $1,500).

• Furnace to qualify 95% AFUE
• Boiler to qualify 90% AFUE
• A/C to qualify 16 SEER + 13 EER
• Heat Pump same as A/C plus HSPF 9
• Water Heater energy factor .8 (tankless)

Please ask your comfort adviser for details on qualifying equipment.

• The new tax credits are retroactive to January 1, 2009, and expire on December 31, 2010. The $1,500 limit is for all improvements made during the two year term, not $1500 each year.
• Per-Appliance Caps Removed - Homeowners may use the entire $1,500 tax credit limit on a single qualifying improvement. The previous per-appliance caps that limited the homeowner to just $150 for a high efficiency furnace or $300 for a high efficiency central air conditioner or heat pump have been removed.
• Lifetime Limit Removed - Homeowners that previously claimed tax credits in 2006 or 2007 are eligible for the full $1,500 limit.
• Expanded Geothermal Tax Credits - Homeowners who install geothermal heat pump systems may be able to claim up to 30% of the installed costs in tax credits in the year the system is placed into service. The $2,000 tax credit limit has been removed. The geothermal tax credit has a longer term, from January 1, 2009 and expires December 31, 2016.
• Consumers should be aware that the $1,500 limit applies to many types of energy efficient home improvements, including windows and doors, roofing shingles, and insulation. You can use the $1500 on just HVAC improvements or on a combination of above home improvements.