2011 Federal Tax Credits

Federal tax credits on qualifying, high-efficiency heating, ventilation, and air conditioning (HVAC) equipment have been modified and extended through December 31, 2011 by the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010.

This law extends the tax credits for energy efficiency into 2011. However, this program differs from the program effective in 2009-2010 in the following ways:

• The maximum amount an eligible homeowner may receive in tax credits for purchasing qualifying products, whether those purchases are in the form of upgraded insulation, windows, HVAC equipment or other eligible improvements, will be reduced from $1,500 to $500.
• The $500 cap is reduced by the total amount of residential energy property credits a homeowner has claimed for purchases between 2006 and 2010. If you have already claimed credits of $500 or more from improvements made prior to 2011, you will be unable to claim new credits for improvements made during 2011.
• All furnaces and boilers, whether natural gas, propane or oil, must have an AFUE of 95 or above to be eligible for the credit.
• The credit is no longer 30% of qualified residential energy efficient improvement costs.

Maximum Tax Credit Available	Product Type	Efficiency Requirements
$150	Natural gas, propane, oil furnace, or boiler	95% AFUE
$300	Split system air conditioner	16 SEER / 13 EER
$300	Split system heat pump	15 SEER / 12.5 EER / 8.5 HSPF
$300	Package air conditioner	14 SEER / 12 EER
$300	Package heat pump	14 SEER / 12 EER / 8 HSPF
$300	Package gas / electric	14 SEER / 12 EER

Call us today at 727-842-2247 to schedule a FREE no-hassle, in-home consultation! We will provide you with information regarding our qualifying products!

Disclaimer: The information above is not to be considered tax advice. Please see your tax professional to determine how these credits would apply in your circumstance.