Kenny Heating and Air - HVAC Tax Credits Info

Kenny Heating & Air Conditioning

Call Us at (760) 746-5504 Located in Escondido, CA

Professional Heating & Air Conditioning Repair
Heating and Air Conditioning Installation • Maintenance

How has the new Stimulus bill affected the tax credits for energy efficient home improvements?

Consumer Tax Incentives - Home Heating & Cooling Equipment Incentives Available

Purchasers of highly efficient heating, and cooling equipment can take tax credits of up to
$ 1,500 for purchasing qualifying equipment. These credits are available for systems placed in service from January 1, 2009, through December 31, 2010.

On February 17, 2009, The American Recovery and Reinvestment Act of 2009 was passed that made some significant changes to the energy efficiency tax credits.

Some of the Energy incentives highlights are:

The tax credits that were previously effective for 2009, have been extended to 2010 as well.
The tax credit has been raised from 10% to 30%.
The maximum credit has been raised from $500 to $1500 for the two years (2009–2010).
Energy Efficient Products must be "placed in service" from January 1, 2009 through December 31, 2010 and must be for taxpayers principal residence.

SUMMARY OF TAX CREDITS FOR HOMEOWNERS

Product Category	Product Type	Tax Credit Specification	Tax Credit
HVAC	Central A/C	Split Systems: EER >=13 SEER >= 16 Package systems: EER >= 12 SEER >= 14	30% of cost, up to $1,500
	Air Source Heat Pumps	Split Systems: HSPF >= 8.5 EER >= 12.5 SEER >= 15 Package systems: HSPF >= 8 EER >= 12 SEER >= 14	30% of cost, up to $1,500
	Natural Gas or Propane Furnace	AFUE >= 95	30% of cost, up to $1,500
	Oil Furnace	AFUE >= 90	30% of cost, up to $1,500
	Gas, Propane, or Oil Hot Water Boiler	AFUE >= 90	30% of cost, up to $1,500
	Advanced Main Air Circulating Fan	No more than 2% of furnace total energy use	30% of cost, up to $1,500
Geo-Thermal Heat Pump	Geo-Thermal Heat Pump	Same criteria as ENERGY STAR: Closed Loop: EER >= 14.1 COP >= 3.3 Open Loop: EER >= 16.2 COP >= 3.6 Direct Expansion: EER >= 15 COP >= 3.5	30% of the cost - NOT subject to $1,500 cap

If you are looking to take advantage of these tax credits and start improvements right away, please contact us to discuss the qualifying products.

Tax Advice Disclaimer: Every effort is made to keep the site accurate, however please bear in mind that tax laws are subject to change. If you require energy efficiency tax credits advice you should speak to a professional tax adviser.

Service Areas:
Escondido, San Marcos,
Valley Center, Leucadia, Vista, Oceanside, Cardiff, Del Mar, Carlsbad,
Rancho Bernardo, Encinitas, Solana Beach, Fairbanks Ranch,
Rancho Santa Fe, Ramona!

The Bitterness of Poor Quality is Remembered

Long after the Sweetness of Low Price is Forgotten!

Kenny Heating and Air

1537 Via Rancho Pkwy
Escondido, CA 92029

Contact Phone: (760) 746-5504
California License No: 404311