Sunn Corp - 2011 HVAC Tax Credits for Qualifying High Efficiency Systems

2011 HVAC Tax Credits for Qualifying High Efficiency Systems

2011 HVAC Tax Credits
Residential American Recovery and Reinvestment Act of 2009 (ARRA)

The Tax Credit available on residential energy efficiency improvements is a great opportunity for homeowners. The tax credit allows you to upgrade your old comfort system to a high efficiency system, reduce your energy usage and get paid to do it in the form of a $500 tax credit at the end of the year.

If your system is nearing the end of its life expectancy or you simply want to improve energy efficiency, the timing is just right. Some of the terms and conditions are outlined below. We can provide a free consultation and answer any of your questions regarding the new systems available to you and how to take advantage of the tax credit. Simply call us at 301-253-6868 to schedule a convenient time.

Terms

Homeowners may claim up to 10% of installed costs – Maximum of $500
Tax credits apply to improvements made between Jan. 1, 2011 to Dec. 31, 2011
Limit is maximum homeowner may claim for purchases between 2006 – 2011

Eligibility

Primary residences only – not eligible for credit on rentals, secondary homes, etc.
Homeowners only – business owners are not eligible

Claims

$500 total can be claimed on one improvement or used for multiple improvements
File Form 5695 (Residential Energy Efficient Property Credit) & keep your installation records

Homeowners are responsible for filing proper forms and ensuring their personal eligibility

QUALIFYING FULL SYSTEMS

95% FURNACE & AC SYSTEM (355/AMV95) (16 SEER/13 EER)	$500
FURNACE with ECM Motor & AC SYSTEM (353/315/313/AMV8) (16 SEER/13 EER)	$350
HEAT PUMP SYSTEM (15 SEER/12.5 EER/8.5 HSPF)	$300

QUALIFYING FURNACES ONLY

95% FURNACE with ECM Motor (355/AMV95)	$200
95% FURNACE (without ECM Motor) (AMH95)	$150
FURNACE with ECM MOTOR (353/315/313/AMV8)	$50

EFFICIENCY REQUIREMENTS for TAX CREDITS

*Geothermal Heat Pump (Credit is equal to 30% of total installed cost – no $ limit)
Electric Air Source Heat Pumps	15 SEER, 12.5 EER & 8.5 HSPF
Central Air Conditioners	16 SEER & 13 EER
Natural Gas Furnace	95% AFUE
Propane Furnace	95 % AFUE
Oil Furnace	95% AFUE
Closed Loop	14.1 EER & 3.3 COP
Open Loop	16.2 EER & 3.6 COP
Direct Expansion	15 EER & 3.5 COP