FEDERAL 2011 TAX CREDITS
Tax Credit: 10% of cost up to $500 or a specific amount from $50 – $300
Expires: December 31, 2011
Details: Must be an existing home & your principal residence. New construction and rentals do not qualify.
Advanced Main Air Circulating Fan
An Advanced Main Air Circulating Fan is an efficient fan, or blower motor which blows the air that your furnace heats up through the duct system.
Tax Credit Amount: $50
Requirements Must use no more than 2% of the furnace’s total energy.
More Information How to apply
Air Source Heat Pumps
Heat pumps offer an energy-efficient alternative to furnaces and air conditioners in moderate climates. Like your refrigerator, heat pumps use electricity to move heat from a cool space into a warm, making the cool space cooler and the warm space warmer. During the heating season, heat pumps move heat from the cool outdoors into your warm house; during the cooling season, heat pumps move heat from your cool house into the warm outdoors. Because they move heat rather than generate heat, heat pumps can provide up to 4 times the amount of energy they consume.
Tax Credit Amount: $300
Requirements
Split Systems:
HSPF ≥ 8.5
EER ≥ 12.5
SEER ≥ 15
Package systems:
HSPF ≥ 8
EER ≥ 12
SEER ≥ 14
More Information How to apply
Central Air Conditioning (CAC)
The best way to find tax credit eligible CACs is to ask your HVAC Contractor (Heating Ventilation and Air Conditioning). To verify tax credit eligibility, ask your HVAC contractor to provide the Manufacturer Certification Statement for the equipment you plan to purchase. Or, search the Manufacturer’s website.
Tax Credit Amount: $300
Requirements
Split Systems:
SEER ≥ 16
EER ≥ 13
Package systems:
SEER ≥ 14
EER ≥ 12
More Information How to apply
Gas, Propane, or Oil Hot Water Boiler
These are heating units that use water circulated throughout the home in a system of baseboard heating units, radiators, and/or in-floor radiant tubing.
Tax Credit Amount: $150
Requirements AFUE ≥ 95
Tax Credit includes installation costs. See definitions.
More Information How to apply
Natural Gas, Propane or Oil Furnace
A furnace uses the combustion of fuel and air to create heat.
