Energy-Efficiency Tax Credit |
 |
Save energy, save money!
In February of 2009, President Obama signed the American Recovery and Reinvestment Act, which expands tax credits for homeowners who purchase certain energy-efficient heating and cooling equipment. These tax credits, totaling up to $1,500, are available on qualifying equipment purchased and installed between January 1, 2009 and December 31, 2010.We’re also participating in the Illinois ENERGY STAR Appliance Rebate Program. We can offer $ 500 on A/C’s, $ 350 on furnaces and $ 1,200 discounts at time of purchase. These are Instant Rebates.
Tax Credit Efficiency Requirements:
| Residential Products | Minimum Requirements | |
| Split-system Air Conditioner |
 |
16 SEER & 13 EER |
| Gas Furnace |
 |
95% AFUE |
| Packaged Air Conditioner |
 |
14 SEER & 12 EER (Including Gas/Electric) |
| Variable Speed Blower Motor |
 |
≤ 2% of furnace total energy usage |
| Commercial Products | Minimum Requirements | |
| Split-system Electric Heat Pump |
 |
15 SEER, 12.5 EER & 8.5 HSPF |
| Packaged Electric Heat Pump |  |
14 SEER, 12 EER & 8 HSPF |
| NOTE: No guarantees are given or implied as to the eligibility of an individual to receive a tax credit under this program or how such credit would apply. Please consult a tax professional to determine your eligibility for and application of the credit(s). | ||
New Tax Credits At-A-Glance:
| Effective Dates: | The new credits are available for qualifying products that are "placed in service" between January 1, 2011 and December 31, 2011. | |
| Amount of Tax Credit: | $ 150.00 for 95 % AFUE Furnaces and an Extra
$ 50.00 for Advanced Blower Fans, i.e.; Variable Speed Blower Motors type
Furnaces. $ 300.00 for 16 SEER 13 EER Air Coinditioning Systems. For a Total of
$ 500.00 per Residential System. Solar Power Systems Only: 30% of the installed cost of qualifying equipment with No Maximum Threshold. |
|
| How to Claim Tax Credit: | Specific information on how to claim the tax credit should be obtained directly from the U.S. Internal Revenue Service. | |
|
||
|
Do
all ENERGY STAR® products qualify? |
No, not all. The minimum efficiencies for this new tax credit are higher than the minimum requirements to qualify for the ENERGY STAR designation. Some ENERGY STAR equipment meets tax credit minimums; some do not. |
Check the manufacturer's certification statement carefully to be sure the system to be installed Qualifies. Please consult your tax expert on any tax credit to which you may be entitled. Please note that not all ENERGY STAR products will qualify for a tax credit. For full details on tax credits available for home heating and cooling systems, visit energystar.gov.