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FEDERAL TAX CREDIT INFORMATIONLook for ENERGY STAR qualified high-efficiency products, but be aware that not all ENERGY STAR qualified products qualify for a tax credit. Thus, it is recommended that customers consult Oasis Heating, A/C, & Refrigeration, Inc. concerning eligible equipment and a tax expert concerning any tax credit to which they may be entitled. Unless renewed, the current Federal Tax Credit expires December 31, 2010. A Federal Tax Credit, up to a maximum $1,500 (30% of cost, including installation/labor costs), may be available with the purchase and installation of qualifying high-efficiency products. Eligible products include HVAC equipment and Water Heaters · Central Air Conditioners · Air Source Heat Pumps · Furnaces and boilers · Gas, Oil and Propane Water Heaters
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Electric Heat
Pump Water Heaters Some of the conditions and requirements that apply · The credit applies for existing homes that are a principal residence. · Renters are not eligible for the tax credits · The credit applies to single or multiple products, but a taxpayer is limited to a maximum $1500 over the 2-year 2009 and 2010 tax year period. · Tax Form 5695 must be filed with a tax return and the taxpayer is required to have a Manufacturer's Certification Statement to qualify. Taxpayers must keep a copy of the Certification Statement for their records, but do not need to submit a copy with their return. · Manufacturers typically make Certification Statements available on their Websites. |
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