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FEDERAL TAX CREDIT IS
BACK FOR 2011!
EFFICIENCY REQUIREMENTS SAME AS
2009/2010 (EXCEPT FOR BOILERS AND OIL FURNACES)
BUT THE DOLLAR FIGURES ARE
DIFFERENT
MORE INFORMATION AT
THE "TAX RELIEF", UNEMPLOYMENT INSURANCE REAUTHORIZATION,
AND JOB CREATION ACT OF 2010" INCLUDES A ONE YEAR EXTENSION - WITH REVISIONS
- TO THE FEDERAL TAX CREDITS ON QUALIFYING HIGH EFFICIENCY HVAC EQUIPMENT.
-
THE EFFICIENCY REQUIREMENTS ARE THE SAME AS
FOR THE 2009/2010 PROGRAM (EXCEPT BOILERS AND OIL FURNACES,
WHERE THE MINIMUM AFUE IS NOW 95%)
-
THE DOLLAR BENEFIT TO THE HOMEOWNER (THE
TAX CREDIT) REVERTS TO THE FIXED DOLLAR AMOUNTS
THAT WE HAD IN THE PREVIOUS 2007 PROGRAM. THERE IS NO LONGER A 30%
CALCULATION.
-
THE MAXIMUM AMOUNT AN ELIGIBLE HOMEOWNER
MAY RECEIVE IN TAX CREDITS FOR "RESIDENTIAL ENERGY PROPERTY" PURCHASED IN
2011 WILL BE REDUCED FROM $1500.00 TO $500.00. HOWEVER, THE TOTAL AMOUNT
OF CREDITS A HOMEOWNER CLAIMED FOR PURCHASES BETWEEN 2006 AND 2010 IS TO
BE DEDUCTED FROM THE $500.00 CAP. IF A HOMEOWNER HAS ALREADY CLAIMED
CREDITS OF $500.00 OR MORE THROUGH THIS ALLOWANCE, THEY WILL BE UNABLE TO
CLAIM NEW CREDITS FOR IMPROVEMENTS MADE DURING 2011
MANUFACTURES CERTIFICATE FOR 2011
EQUIPMENT MINIMUM EFFICIENCY REQUIREMENTS:
|
PRODUCT |
MINIMUM EFFICIENCY REQUIREMENT |
MAXIMUM TAX CREDIT AVAILABLE |
|
SPLIT SYSTEM AIR CONDITIONER |
16 SEER AND 13 EER |
$300.00 |
|
PACKAGED AIR CONDITIONER |
14 SEER AND 12 EER |
$300.00 |
|
HEAT PUMP (SPLIT OR SPP) |
15 SEER AND 12.5 AND 8.5 HSPF |
$300.00 |
| PACKAGED HEAT
PUMP |
14 SEER AND 12
SEER AND 8 HSPF |
$300.00 |
| NATURAL GAS OR PROPANE
FURNACE |
95% AFUE |
$150.00 |
ADVANCED MAIN
AIR CIRCULATING FAN |
ELECTRICITY
USE OF NO MORE THAN 2%
OF THE TOTAL USE OF THE FURNACE |
$50.00 |
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