Federal Tax Credits for Energy Efficiency
This tax credit expires on December 31, 2010.  Installation costs are included.
 
 
 
Air Source Heat Pump Tax Credit Information
 
  1. 30% tax credit up to $1500 maximum
  2. The Air Source Heat Pump must have a Seasonal Energy Efficiency Rating of at least 14 SEER, a Heating Seasonal Performance Factor of at least 8.5 HSPF, and an Energy Efficiency Rating of at least 12.5 EER.  Applies to Central split system and Mini-Split heat pumps.
  3. Costs include labor
  4. Must be installed in your primary residency
  5. Does not include new construction
  6. Must be installed and ready to use between the dates of January 1, 2009 and December 31, 2010
  7. You will need to file a newer version of IRS Form 5695 with the IRS at tax time
  8. You will need a receipt for the work done
  9. You will need a Manufacturer Certification Statement confirming the efficiency rating
 
Notes:
An Air Source Heat Pump is known as a Split System which means that outside condenser is separate from the inside blower coil unit or air handler. These two units will be connected to each other by copper refrigerant lines. A true upgrade to 16 SEER should involve the replacement of the outside condenser, the cooling coil and the refrigerant lines.
 
 
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GetCozy.com provides an overview of tax credits for energy efficiency and is not responsible or liable for actual tax credits or other incentive programs. All content on the GetCozy.com web site is for informational purposes only and is provided without warranties, representations, or guarantees of any kind. Consult with a professional tax advisor or the IRS to confirm current requirements and qualifications for all products and services.