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High efficiency system and Tax Credit?
ACE203
Member Posts: 3
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.
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.
0
Comments
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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.0 -
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?0 -
appliance
www.energystar.gov/index.cfm?c=tax_credits.tx_index
This will help you understand a little better.0 -
Yes it does
It's the boiler and installation that can qualify for the credit. Check out IRS.GOV0
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