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What are the qualifying criteria to get the 2009 and 2010 Federal Tax Credits for energy efficient residentail HVAC equipment?
The revised criteria for qualifying residential HVAC equipment under Section 1121 of the ARRA legislation are as follows:
1. A natural gas, propane, or oil furnace rated at 95.0% AFUE or higher.
2. Any furnace equipped with an advanced main air circulating fan that uses no more than 2% of the total furnaces total energy use.
3. A central air conditioner that achieves the highest efficiency tier established by the Consortium for Energy Efficiency as in effect on January 1, 2009 (which is 16 SEER or higher, 13 EER or higher rating).
4. An electric air source heat pump that achieves the highest efficieny tier established by the Consortium for Energy Efficiency as in effect January 1. 2009 (which is 15 SEER or higher, 12.5 EER or higher, 8.5 HSPF or higher rating). |
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What is the residential renewable tax credit regarding Geothermal or water source heat pumps? |
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A taxpayer may claim a credit of 30% of qualified expenditures for a system that serves a dwelling unit located in the U.S. used as a residence by the taxpayer. Expenditures include; labor costs for onsite... [ read more ]
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Do "Energy Star" certified products meet the requirements for these tax credits? |
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Because there are different equipment definitions and product tiers used by the "Energy Star" program, note that most "Energy Star" products do meet the criteria for these tax credits, but not all of them... [ read more ]
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