Energy-Efficiency Tax Credit
HVAC Credit – Available for equipment purchased in 2011
The U.S. federal government offers a tax credit on high-efficiency heating and cooling equipment that expired on December 31, 2011. This credit (Federal HVAC Credit, 25C) covers up to 10% of cost up to $500 or a specific amount from $50 - $300 on energy-efficient improvements made in 2011 on qualifying systems and is offered as part of a larger energy efficiency incentive for home improvements. If you claimed $500 or more for enhancements to your home’s exterior (windows, doors, skylights, insulation, roofing, etc.) from 2006 to 2010, your HVAC purchase made in 2011 will be ineligible for a tax credit. If you claimed $500 or less, you may qualify for a credit, but you may not get the full dollar amount specified.
Solar Energy Tax Credit Available through 2016 - Existing homes and new construction qualify. Both principal residences and second homes qualify. Rentals do not qualify.
The U.S. government offers a tax credit (Solar Tax Credit, 25D) for up to 9% of the total retail cost of the solar-ready heat pump or air conditioner that’s at the heart of the SunSource® Home Energy System, when applying solar modules. Also covered under 25D, 30% of the cost with no upper limit on solar module installation. The following Lennox products apply:
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– Dave Lennox Signature® Collection XC21 Solar Ready Air Conditioner
– Dave Lennox Signature® Collection XC17 Solar Ready Air Conditioner
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.
For help in selecting the system that’s best suited to your needs and home, contact us for a free in home consultation
* Please consult your tax expert on any tax credit to which you may be entitled.
source: www.lennox.com
Residential Geothermal Tax Incentives - Existing homes & new construction qualify. Both principal residences and second homes qualify. Rentals do not qualify.
30% of total GHP system cost
No limit to credit amount for 2009 to 2016
Can be used to offset AMT tax
Can be combined with solar and wind tax credits
Can be used in more than one year
Eligibility:
Home must be located in the U.S.
Includes houses, apartments, condos, mobile homes
Does not have to be your main home. Rentals do not qualify.
GHP must meet Energy Star requirements
Installed between 1/1/2008 and 12/31/2016
Click here download a pdf copy of our Residential Geothermal Tax Guide: source. www.climatemaster.com