Put money in your pocket with Home Improvement Tax Credits!
You can afford to be comfortable with an energy-efficient A. C. system!
The American Recovery and Reinvestment Act of 2009 (ARRA), may save you a lot of money by upgrading to more energy-efficient heating, ventilation and air conditioning (HVAC) equipment!
This will save you money on your energy bills now and also save you money on your taxes next year.
You could save a total of up to $1,500 on the installed cost of residential HVAC products installed through December 31, 2010.
We offer Free Estimates and Free 2nd Opinions.
Call us today at (941) 758-2323 to set up your appointment!
Plus - FPL customers will receive rebates of up to $1930! Calculate your rebate with FPL's Annual Cooling Cost Calculator.
Want more details?
The ARRA was signed into law on February 16, 2009 by U.S. President Barack Obama, opening the door for heating, air conditioning and indoor air quality customers to receive expanded tax credits. The tax credits apply to the installed costs of qualifying high-efficiency products and home efficiency improvements.
The tax credit is equal to 30% of the installed cost of qualifying heating and cooling improvements, up to a cumulative amount of $1,500 during the two year incentive term. The credit's term is retroactive to the beginning of the year 2009, from January 1, 2009 to the expiration date of December 31, 2010. All previous 'caps' on the credits have been removed. Consumers who previously claimed the same tax credits in prior years may also claim the 30% tax credit (up to $1,500) included in the Act.
Qualifying geothermal products are not subject to the $1,500 credit limit. A full 30% credit may be taken on the entire cost of the geothermal improvement. In addition, geothermal products have a longer credit term, expiring December 31, 2016.
What improvements qualify?
Qualifying improvements include energy-saving heating & cooling equipment, indoor air quality components, boilers, water heaters, windows, doors, skylights, roofing, insulation and solar devices. Energy-efficiency limits for improvements are detailed below. The full $1,500 tax credit can be applied to a single purchase or a combination of appliances or energy improvements.
What documentation will you need?
Use IRS Form 5695 to file for the credit. It is strongly recommended that you consult with a qualified CPA and keep all records and receipts of purchases.
Are there any limitations?
The tax credit is only available on the taxpayer's primary residence and can only be claimed on their personal income taxes.
| Equipment |
Current Requirement |
| Equipment |
Current Requirement |
| Package Heat Pump |
14 SEER |
Sources:
The Consortium for Energy Efficiency (CEE), a nonprofit public benefits corporation, develops initiatives for its North American members to promote the manufacture and purchase of energy-efficient products and services.
ENERGY STAR is a joint program of the U.S. Environmental Protection Agency and the U.S. Department of Energy helping us all save money and protect the environment through energy efficient products and practices.