The tax credit passed by the government is a dream come true. This will allow you the consumer to take advantage of the best systems on the market.  We at Shelton’s Pride have always wanted to offer you these elite units but do to the cost it is hard to weigh the option versus cost. There is some stipulations attached to the TAX CREDIT, such as : it has to be 16 SEER/13 EER rated machine  or above through ARI.
 

Frequently Asked Questions:

How has the new Stimulus bill affected the tax credits for energy efficient home improvements?

What tax credits are available in 2008 for energy efficiency home improvements?

Are installation costs covered by the tax credit?

All Tax Credit FAQs

UPDATED March 6, 2009

Federal Tax Credits for Energy Efficiency includes:

Home Improvements

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 Statement3 to qualify
  • for record keeping, save your receipts and the Manufacturer Certification Statement3
  • improvements made in 2009 will be claimed on your 2009 taxes (filed by April 15, 2010) — use IRS Tax Form 5695 (2009 version) — it will be available late 2009 or early 2010
  • If you are building a new home, you can qualify for the tax credit for geothermal heat pumps, photovoltaics, solar water heaters, small wind systems and fuel cells, but not the tax credits for windows, doors, insulation, roofs, HVAC, or non-solar water heaters. More.
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