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High efficiency system and Tax Credit?

ACE203
ACE203 Member Posts: 3
in THE MAIN WALL
I'm looking to buy a high efficiency gas boiler like Burnham ALP105 Alpine 83,000 BTU Output Condensing Boiler or Triangle Tube Prestige Solo 60 High Efficiency Modulating Gas Boiler 95%.

Do I still qualify for Federal Tax Credit up to $1500 on this purchase even if I get it installed by a regular local contractor/technician or what are my other options. Thank You.

Comments

  • Gordy
    Gordy Member Posts: 9,546
    edited December 2010
    Yes

     You will get a tax credit of 30% the cost of the boiler up to 1500.00 until 12/31/10.



    So if you spend 5000.00 for a high efficiency boiler you will get a tax credit of 1500.00.



    If you spend 3000.00 for a high efficiency boiler you will get a tax credit of 900.00.



    There is no credit for electric furnace or boilers.





    But if you buy a Geo Thermal heat pump you get 30% credit no cap.
  • ACE203
    ACE203 Member Posts: 3
    Tax Credit: Cost of Equipment or Installation?

    Thanks Gordy, so this tax credit is for how much you're spending on gas boiler itself, not the total cost with installation and everything?
  • Gordy
    Gordy Member Posts: 9,546
    appliance

    www.energystar.gov/index.cfm?c=tax_credits.tx_index

    This will help you understand a little better.
  • Rich Davis_2
    Rich Davis_2 Member Posts: 121
    Yes it does

    It's the boiler and installation that can qualify for the credit.  Check out IRS.GOV
This discussion has been closed.

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