Included HVAC Products

Recent changes in the Federal ruling on Energy Efficient Tax Credits will impact the HVAC Tax Credits for 2009.  As part of the stimulus bill, signed into law by President Obama, significant changes impacting energy efficient tax credits were passed.  As a result the information initially communicated to you in 2008 is no longer accurate.  Below you will find current Federal Tax Credit minimums and credit amounts.  (Please communicate this information to your customers as soon as possible).

• Tax Credit extended to include 2009 and 2010 for HVAC products

 

• Minimum energy efficiency values have been modified to reflect the highest CEE tier in each category.  Below is a complete list of the minimum efficiency requirements.

 

     ·   A/C – 16 SEER/13 EER

     ·   HP-15 SEER/12.5 EER/8.5 HSPF

     ·   Natural Gas Furnaces-95% AFUE

     ·   Propane Furnace-95% AFUE

 

• Tax credit amount has been changed from a fixed dollar amount to a percentage of total property expenditure.
  
  

      ·  Credit amount based on cost of installation

      ·  Credit amount is 30% of the total property expenditure

      ·  Credit capped at $1,500 for expenditures in 2009 and 2010**

 

As more information is available it will be communicated in a similar format.  Tax credit certificates will be made available as soon as the IRS publishes the final guidelines.

Frequently Asked Questions About The New Tax Credits. - Click Here