Stimulus Bill Tax Credits
Qualifying Equipment for Tax Credits |
Credits Limited to 30% of Installed Costs (up to $1,500) in the tax years 2009 and 2010. |
Equipment |
Minimum Energy Efficiency Standard to Qualify |
Electric Air Source Heat Pumps |
Split Heat Pumps |
Package Heat Pumps |
15 SEER |
14 SEER |
12.5 EER |
12 EER |
8.5 HSPF |
8 HSPF |
Central Air Conditioners |
Split System |
Package System |
16 SEER |
14 SEER |
13 EER |
12 EER |
Geothermal Heat Pump |
Closed Loop |
Open Loop |
Direct Expansion |
(30% of total installation eligible, no dollar cap*) |
14.1 EER |
16.2 EER |
15 EER |
3.3 COP |
3.6 COP |
3.5 COP |
*Solar electric, solar hot water, and wind also eligible |
Natural Gas Furnace |
95% AFUE |
Natural Gas Hot Water Boiler |
90% AFUE |
Propane Furnace |
95% AFUE |
Propane Hot Water Boiler |
90% AFUE |
Oil Furnace |
90% AFUE |
Oil Hot Water Boiler |
90% AFUE |
Gas, Oil or Propane Water Heaters |
.82 Energy Factor |
90% Thermal Efficiency |
Electric Heat Pump Hot Water Heater |
2.0 Energy Factor |
Wood Stoves |
75% Thermal Efficiency as measured using a lower heating value. |
Advanced Main Air Circulating Fan (ECMs) |
No more than 2% of furnace total energy use |
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An advance proof copy of an IRS tax form is available to view.
Qualifying levels for insulation must meet 2009 IECC
• Equipment installed after date of enactment must meet the above standards to qualify while previous-qualifying equipment installed prior to enactment also remains eligible.
• Section 1122: Eliminates dollar cap and establishes credit for full 30% of installation costs for solar electric and solar water, wind, and geothermal heat pumps.
FAQ'S
Here are some answers to several frequently asked questions so far:
Q: When does this go into effect?
A: Unless stated otherwise in the bill, today is the effective date. Specifically regarding the residential efficiency credits, the expanded $1,500 credit is retroactive to the start of 2009. Products that qualified for the existing $500 credit will still qualify for the $1,500 credit if installed prior to today. Equipment installed today through 12/31/2010 must meet the minimum requirements outlined in HARDI's summary.
Q: Is it a $1,500 credit in both 2009 and 2010?
A: No. $1,500 is the total credit available to primary residence households for 2009 and 2010.
Q: What if a customer claimed the $500 efficiency credit previously in 2006, 2007, or 2009?
A: It does not affect this credit. Those same customers are still eligible for the full $1,500 credit for qualified improvements made in 2009 and 2010.
Q: What about envelope improvements?
A: Upgrades to doors and windows must now have U-factors or SHGC of .30 or lower to qualify and insulation must meet 2009 IECC requirements. These improvements count towards the $1,500 cap in 2009 and 2010. The previous thresholds qualify for the credit if installed between 1/1/09 and 2/16/09.
Q: What about advanced circulating fans now?
A: 30% of the costs associated with the installation of fans that use less than 2% of the total furnace energy consumption qualify.
Q: What about solar and geothermal systems?
A: 30% of the total installation costs of solar hot water, solar electricity, wind generation, and geothermal heatpumps can now be recovered as a tax credit without any dollar limitations.
Q: What about replacement jobs in which a 95% AFUE furnace but only a 13 SEER a/c is installed?
A: 30% of the final installation costs up to $1,500 associated specifically with the 95% AFUE furnace will qualify for the credit. Should the installation costs associated with the furnace not reach $5,000, 30% of the installation cost can still be claimed and the difference between that amount and the $1,500 cap can be applied to any other qualifying improvements.
Q: Do these improvements apply to new home construction as well?
A: No. On-site renewables generation such as solar and wind qualify for new construction credits, but not the envelope or HVAC credits addressed above.
Tax Credit Stimulus Brochure for Carrier Products
Cash-In on Your Comfort with Federal Tax Credits -
Qualifying Carrier High-Efficiency Systems Can Save You Money Now and in the Long Run
Help for Homeowners
ECO-Link is a partnership with the Ohio Treasurer of State and eligible state banks to provide reduced rate financing to encourage Ohioans to complete energy efficient projects in their homes. The program enables Ohioans to receive a 3% interest rate reduction on bank loans for 5 years when completing weatherization projects or installing energy efficient appliances in their homes. To Learn More...
If you are looking for geothermal solution for your
home in the Ohio area, please call us today at 937-675-2982 or
complete our online
service request form
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