Turn to the Experts for Money-Saving Comfort
There are a lot of reasons why homeowners nationwide turn to the experts at Carrier for their indoor comfort needs. Comfort. Innovation. Reliability. Carrier Dealer/Experts. We have developed a worldwide reputation for delivering superior indoor comfort technology that truly stands out from the competition, including our remarkable Infinity® System. In addition, we offer a wide variety of products that not only meet the requirements for the Federal Tax Credit for Residential Energy Property Expenditures, they can provide years of substantial savings on monthly energy bills.
How the Program Works
As part of an effort to reduce dependence on foreign sources of energy, the federal government provides tax credits to help offset the costs of making energy efficiency improvements to your home. This program has changed somewhat for 2011 to reduce credits while still providing incentives to homeowners.
2011 Changes to Federal Tax Credits Available for Qualifying Residential Systems
Federal tax credits on qualifying, high-efficiency 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 program differs from the program effective in 2009-2010 in the following ways:
|Maximum Tax Credit Available||Product Type||Efficiency Requirements|
|$50||Any advanced main air circulating fan||*See below|
|$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|
*Electricity use of no more than 2% of the total energy use of the furnace
Geothermal system tax credits are unaffected by these changes and remain in place as is through 12/31/2016.
Note: this bulletin is for discussion purposes only and is general in nature. This is not to be considered tax advice. See your tax professional to determine how these credits would apply in your circumstance.