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Federal Tax Credits

Tax credits are now available for home improvements:

  • Must be placed in service from January 1, 2009 through December 31, 2010

  • Must be for taxpayer's principal residence

  • $1,500 is the maximum total amount that can be claimed for all products placed in service in 2009 & 2010 for most home improvements, EXCEPT for geothermal heat pumps, solar water heaters, solar panels, fuel cells, and windmills which are not subject to this cap, and are in effect through 2016

  • Must have a Manufacturer Certification Statement to qualify

  • For record keeping, save your receipts and the Manufacturer Certification Statement

  • improvements made in 2009 will be claimed on your 2009 taxes (filed by April 15, 2010) — use IRS Tax Form 5695 (2009 version)    (2010 IRS Tax Forms are not yet available.)

  • Manufacturer Certification Statement form, click to download 95% gas furnaces

  • Manufacturer Certification Statement form, click to download main air circulation fans

  • Manufacturer Certification Statement form, click to download 16 SEER and higher air conditioner matches

  • Manufacturer Certification Statement form, to download click for Mitsubishi Ductless Systems

Equipment Type

Energy Type

Minimum Efficiency Required

Tax Credit Amount

Air Conditioning
Installations
Electric Central
Air Conditioning
 
Split Systems: Package systems:

EER Installations Electric >=13 EER >= 12

SEER >= 16 SEER >= 14
 
Up to 30% of the
total cost
of the installation
capped at $1,5002
Heat Pump
Installations
Electric Air Source
Heat Pumps
 
Split Systems: Package systems:

HSPF Installations Natural Furnaced >= 8.5 HSPF >= 8

EER >= 12.5 EER >= 12

SEER >= 15 SEER >= 14
 
Up to 30% of
total cost
of the installation
capped at $1,5002
Forced Air
Heating Installations
Natural Gas or
LP Furnace
AFUE >= 95
 
Up to 30% of the
total cost
of the installation
capped at $1,5002
 
 

 Advanced Main Air Circulating Fan

 Electric
 Must use no more than 2% of the
furnace's total energy.
(30% maximun rebate of total fan cost)
 Up to 30% of the
total cost of the fan installation,
including labor,
capped at $1,500²
HydronicInstallations Natural
Heating Installations NaturalHeater EnergyInstallations
Natural Gas or
LP Boiler
AFUE >= 90
 
Up to 30% of the
total cost
of the installation
capped at $1,5002
 
 
Water Heater
Installations
Natural Gas or
LP Water Heater
Energy Factor >= 0.82
or a thermal efficiency => 90%
 
Up to 30% of the
total cost
of the installation
capped at $1,5002
 
 

2Subject to a $1,500 maximum per homeowner for all improvements combined.

3A Manufacturer’s Certification is a signed statement from the manufacturer certifying that the product or component qualifies for the tax credit. The IRS encourages manufacturers to provide these Certifications on their website to facilitate identification of qualified products. Taxpayers must keep a copy of the certification statement for their records, but do not have to submit a copy with their tax return.
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