2011 Tax Credit For High Efficient Hvac Equipment
In December 2010, the U.S. Congress passed a 2011 tax extender bill for federal tax payers who install qualified energy-efficient retrofits in their home. This includes higher efficiency heating and cooling systems, such as central air conditioners, furnaces, heat pumps and packaged systems. These credits are only available for improvements made in 2011.
Reference Link: http://www.energystar.gov/index.cfm?c=tax_credits.tx_index
What Is included in the Tax Credit?
- Tax Credit of 10% of cost up to $500 or a specific amount from $50 – $300
Details: Must be an existing home & your principal residence. New construction and rentals do not qualify. Includes Heating, Ventilating, Air Conditioning (HVAC) and Water Heaters (non-solar). Expires: 12/31/2011.
- Tax Credit: 30% of cost with no upper limit
Details: Existing homes & new construction qualify. Both principal residences and second homes qualify. Rentals do not qualify. Includes Geothermal Heat Pumps. Expires: 12/31/2016.
- Tax Credit: Credit Details: 30% of the cost, up to $500 per .5 kW of power capacity
Details: Existing homes & new construction qualify. Must be your principal residence. Rentals and second homes do not qualify. Expires: 12/31/2016.