Economic Stimulus Tax Credits

The Economic Recovery Act was signed into law on February 17, 2009. For full details, visit the Energy Star web site.

Consumers can claim a $1,500 aggregate tax credit for qualified energy efficient home improvements.

The efficiency levels have been modified to reflect the highest tier of the CEE High-efficiency Specification for Residential HVAC Systems.

Qualifying equipment includes 95 percent AFUE gas furnaces; 90 percent AFUE oil furnaces; 16 SEER/13EER and above central air conditioners; 15 SEER/12.5 EER/8.5 HSPF split heat pumps; 0.82 energy factor/90 thermal efficiency gas, propane, or oil water heaters; and 90 percent AFUE gas, propane or oil-fired boilers. This provision replaces the current tax incentives for these products.

A 30 percent tax credit for the purchase of solar water heaters and geothermal heat pumps is also available. There is no limit to the total amount of the credit, e.g., if a geothermal heat pump cost $5,000, a consumer would receive a $1,500 credit.

Call us at (336) 924-4161 or contact us for recommendations for your home.