Tax Credit

Central Air Conditioning (CAC)

Tax Credit Amount: $300

2011 Federal Tax Credits for Consumer Energy Efficiency

NOTE: Tax credits that were 30% up to $1,500 EXPIRED on December 31, 2010. New tax credits were passed, but at lower levels. Please note, not all ENERGY STAR qualified products qualify for a tax credit. ENERGY STAR distinguishes energy efficient products which, although they may cost more to purchase than standard models, will pay you back in lower energy bills within a reasonable amount of time, without a tax credit.

What is included in the 2011 Federal Tax Credit?

What is included in the Tax Credit?

Tax Credit:

10% of cost up to $500 or a specific amount from $50 - $300

Expires:

December 31, 2011

Details:

Must be an existing home & your principal residence. New construction and rentals do not qualify.

Split Systems:
SEER ≥ 16
EER ≥ 13

Package systems:
SEER ≥ 14
EER ≥ 12

Difference between Tax Credit & Tax Deduction

A tax credit applies against the taxpayer’s obligation for taxes.
A tax deduction applies against a taxpayer’s income, lowering the
adjusted gross income. Tax credits have greater benifits to taxpayers.
(Be sure to speak with your financial advisor or accountant on all tax matters.)

Qualifying Equpment

Split Central A/C (non heat pumps) 16 SEER & 13 EER
Package Systems (non heat pumps) 14 SEER & 12 EER