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Tax Credits for High Efficiency Boilers

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Rob Blair
Rob Blair Member Posts: 227
in THE MAIN WALL
Does it include the installation cost as well as equipment?

IRS Says:

<a href="http://www.irs.gov/newsroom/article/0,,id=211307,00.html">[url=http://www.irs.gov/newsroom/article/0,,id=211307,00.html]http://www.irs.gov/newsroom/article/0,,id=211307,00.html</a>

Q. What improvements qualify for the enhanced residential energy property credit for homeowners?

A. In 2009 and 2010, an individual may claim a credit for 30 percent of the cost (subject to the overall credit limit of $1,500) for the installation of the following qualifying products:<ol><li></li><li>1.  Energy-efficient heating and air conditioning systems </li></ol>



What do you know?

Thanks,

Rob Blair

Comments

  • Robert O'Brien
    Robert O'Brien Member Posts: 3,584
    Yes

    30% of entire job up to $1500
  • MIke_Jonas
    MIke_Jonas Member Posts: 202
    Other rebates, too

    If you live in the City of Chicago, or one of the northern 'burbs that Peoples' Gas serves, they have a $ 350.00 cash rebate to the homeowner for a standard efficiency boiler, and $ 600.00 cash rebate for high efficiency boilers.



    Other utilities may hove something similar, check with your supplier.



    This is on top of the Fed credits.



    I am a participating contractor in the Peoples' Gas program.
  • EricAune
    EricAune Member Posts: 432
    Great point about other rebates too.

    Check this link out for any additional rebates/credits that may be available to you:



    http://dsireusa.org/

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  • CMadatMe
    CMadatMe Member Posts: 3,086
    Federal Tax Credit

    The only thing about the tax credit is that you only get 1 bite at the apple. IN other words get the best bang for your buck. The program covers more then just HVAC/Heating equipment. As for local rebates, in my market both utliities are giving $1,000 on 90plus, 300 on an indirect and $25.00 a program therm when installed in a new system. They are also giving $100.00 for the addition of outdoor reset controls.

    There was an error rendering this rich post.

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