Jan 14
Consumer Tax Incentives – Home Heating & Cooling Equipment
Home Heating & Cooling Equipment
What are the incentives for home heating & cooling equipment?
Purchasers of highly efficient heating, cooling, and water heating equipment can take tax credits of up to $300 for purchasing qualifying equipment, as detailed below. These credits are available for systems placed in service from January 1, 2009, through December 31, 2009. There is a $500 cap on the credit per home, including the amount received for insulation, windows, air and duct sealing as described in the previous section.
What types of equipment qualify and for how much?
- High-efficiency gas, oil, and propane furnaces and boilers: $150
- High-efficiency central air conditioning units, including air-source heat pumps: $300
- NEW – Ground-source or geothermal heat pumps
- NEW – Biomass Stoves – $300
- High-efficiency fans for heating and cooling systems: $50
- High-efficiency water heaters, including heat pump water heaters: $300
