2009 Tax Credits for Energy Efficient HVAC Equipment

Per Letter I received stating more on the Tax credit.
Plus Update on Energy Star web site today

Energy Star Tax Credit

2009 Tax Credits for Energy Efficient HVAC Equipment
On February 17, 2009, President Obama signed the American Recovery and Reinvestment Act of 2009 (ARRA) into law. The bill combines spending and tax incentives designed to get the American economy moving again by investing in our nation’s road and energy infrastructure, and increasing the energy efficiency and performance of America’s homes and commercial buildings.

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

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.

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.

Homeowners that previously claimed tax credits in 2006 or 2007 are eligible for the full $1,500 limit.

16 Responses to “2009 Tax Credits for Energy Efficient HVAC Equipment”

  1. Nolan says:

    I don’t know why more people aren’t taking advantage of the tax credits that are available.

  2. Frank says:

    If you crunch the numbers, between the money you save with the tax credit, and the money you will save over time due to the air conditioner’s energy efficiency, its a no brainer to jump on this opportunity.

  3. ice maker repairs says:

    I think the tax credits for environmentally friendly and energy efficient upgrades are brilliant. Now all I need to do is persuade the politicians here in New Zealand that they are necessary to boost the economy.

  4. National Air Conditioning says:

    i wish there was something like this in the UK!

  5. Thank you for sharing this update..

  6. goanguago says:

    Premium article, good looking blog, added it to my favs!

  7. I firmly believe that the manufacturers of the systems should be more responsible and offer reduced wholesale pricing on the most economical air conditioners. Government tax credits are all good but restrict the savings to certain areas, and not everyone is eligible for the savings.

  8. Tom Moore says:

    More people should be taking advantage of these tax credits, it is definitly worth the upfront cost, once you see how much you save later.

  9. Los Angeles Appliance Repair says:

    Thanks for the update. Well, 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.

  10. Proline AC says:

    The current 2010 tax credit that started here in Texas is going fast. I think they had 20 million allocated to it and they used over 3 million by noon the first day.

  11. in our place, the weather could turn out to be uncomfortably humid that is why we bought an air conditioner at home to reduce h~“

  12. Boise Heating says:

    Thanks for sharing your thoughts. This is very informative post.

    Andre

  13. harrygraham says:

    good post………………………..

  14. Dentist Orange County says:

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