TAX CREDIT PLAN
CONSUMER STIMULUS
As part of the President's American Recovery and Reinvestment Act of 2009
(AARA),homeowners are eligible for Tax Credits. These Tax Credits can be up to
30% of the installed cost of qualifying new, high efficiency heating & cooling equipment, with a
maximum credit of $1500. Tax credits are available for HVAC improvements made during 2009 and 2010. Improvements
made during 2008 are not eligible.
The credit expires 12/31/2010.
What is a tax credit?
You receive an income tax credit when you file your Federal Income Tax at the end of the year.
The credit then increases the fax refund you receive or decreases the
Federal Tax you have to pay.
What types of Equipment qualify?
Electric Air Source Heat Pumps: Split Heat Pump 15 SEER
Central Air Conditioners: Split System 16 SEER
Not sure what all this means ?
Don't worry - that's why we're here. Just give us a call and we'll explain the benefits!
How do I apply for the Tax Credit?
File the appropriate IRS form with your taxes, including receipts verifying purchase
of the qualifying equipment and a copy of the Manufacturer's
certification. Manufacturers will certify (in packaging or on the company website) which of their products qualify for the tax credit.