• Split system air conditioning efficiency requirements – 16 SEER/13 EER (both efficiency levels must be met to qualify for the tax credit).
• Split system heat pump efficiency requirements – 15 SEER/12.5 EER/8.5 HSPF (all three efficiency levels must be met to qualify for the tax credit).
• Gas furnace qualifying levels – 95% AFUE.
• Packaged A/C, H/P, or dual fuel products – 14 SEER, 12 EER, 8 HSPF.
• Maximum tax credit amount - $1500. The legislation specifies 30% of the cost of qualifying equipment, including installation costs, subject to a $1500 maximum per homeowner.
• The tax credit is effective for all qualified systems installed from 1/1/2009 through 12/31/2010.
• The tax credit is only valid for a home that is owned by the taxpayer and used as the principle residence
• Geo-Thermal Heat Pump Geo-Thermal Heat Pump Same criteria as ENERGY STAR: Closed Loop: EER >= 14.1, COP >= 3.3, Open Loop: EER >= 16.2, COP >= 3.6, Direct Expansion: EER >= 15, COP >= 3.5. 30% of the cost With no upper limit. All ENERGY STAR geo-thermal heat pumps qualify for the tax credit. Use IRS Form 5695. Must be “placed into service” before December 31, 2016.

The legislation that passed was for a tax credit equal to 30% of the total cost up to a maximum of $1500; however, the IRS is responsible for the actual implementation of the legislation. We won’t know exactly how this tax credit will be applied until the IRS releases its final ruling. Until we know the IRS ruling, dealers are encouraged to educate homeowners about the tax credit and what systems and products qualify. We do not promise homeowners actual tax credit amounts, since this could lead to customer dissatisfaction if the IRS ruling is different than expected. As soon as the IRS releases its ruling, We will communicate to you the tax credit amounts, what documentation homeowners will need, and how they can get this documentation.