Found this while shopping......
FEDERAL TAX CREDIT IS BACK FOR 2011!
EFFICIENCY REQUIREMENTS SAME AS 2009/2010 (EXCEPT FOR BOILERS AND OIL FURNACES)
BUT THE DOLLAR FIGURES ARE DIFFERENT
THE "TAX RELIEF", UNEMPLOYMENT INSURANCE REAUTHORIZATION, AND JOB CREATION ACT OF 2010" INCLUDES A ONE YEAR EXTENSION - WITH REVISIONS - TO THE FEDERAL TAX CREDITS ON QUALIFYING HIGH EFFICIENCY HVAC EQUIPMENT.
*
THE EFFICIENCY REQUIREMENTS ARE THE SAME AS FOR THE 2009/2010 PROGRAM (EXCEPT BOILERS AND OIL FURNACES,
WHERE THE MINIMUM AFUE IS NOW 95%)
*
THE DOLLAR BENEFIT TO THE HOMEOWNER (THE TAX CREDIT) REVERTS TO THE FIXED DOLLAR AMOUNTS
THAT WE HAD IN THE PREVIOUS 2007 PROGRAM. THERE IS NO LONGER A 30% CALCULATION.
*
THE MAXIMUM AMOUNT AN ELIGIBLE HOMEOWNER MAY RECEIVE IN TAX CREDITS FOR "RESIDENTIAL ENERGY PROPERTY" PURCHASED IN 2011 WILL BE REDUCED FROM $1500.00 TO $500.00. HOWEVER, THE TOTAL AMOUNT OF CREDITS A HOMEOWNER CLAIMED FOR PURCHASES BETWEEN 2006 AND 2010 IS TO BE DEDUCTED FROM THE $500.00 CAP. IF A HOMEOWNER HAS ALREADY CLAIMED CREDITS OF $500.00 OR MORE THROUGH THIS ALLOWANCE, THEY WILL BE UNABLE TO CLAIM NEW CREDITS FOR IMPROVEMENTS MADE DURING 2011
EQUIPMENT MINIMUM EFFICIENCY REQUIREMENTS:
PRODUCT
MINIMUM EFFICIENCY REQUIREMENT
MAXIMUM TAX CREDIT AVAILABLE
SPLIT SYSTEM AIR CONDITIONER
16 SEER AND 13 EER
$300.00
PACKAGED AIR CONDITIONER
14 SEER AND 12 EER
$300.00
HEAT PUMP (SPLIT OR SPP)
15 SEER AND 12.5 AND 8.5 HSPF
$300.00
PACKAGED HEAT PUMP 14 SEER AND 12 SEER AND 8 HSPF $300.00
NATURAL GAS OR PROPANE FURNACE
95% AFUE
$150.00
ADVANCED MAIN
AIR CIRCULATING FAN ELECTRICITY USE OF NO MORE THAN 2%
OF THE TOTAL USE OF THE FURNACE $50.00
2011 ENERGY TAX CREDIT DETAILS:
* THE OLD GENEROUS CREDIT TITLED THE 2009/2010 AMERICAN RECOVERY AND REINVESTMENT ACT (ARRA) WAS ALLOWED
TO EXPIRE AND WAS NOT RENEWED
* THE NEW ENERGY EFFICIENT TAX CREDIT IS ONLY A 10% CREDIT, UP TO A MAXIMUM OF $500.00. THE PRIOR CAP HAD BEEN UP TO $1500.00
WHICH EXPIRED ON DEC 31, 2010.
* FURNACES ARE ONLY ALLOWED TO GET UP TO A $200.00 CREDIT AND THEY MUST BE 95% EFFICIENT
* TO REITERATE, OF THE VARIOUS PROGRAMS YOU MAY TAKE ADVANTAGE OF, THE CAP IS $500.00 TOTAL IF YOU HAVEN'T
TAKEN ADVANTAGE OF THE CREDIT PREVIOUSLY.
* ANYONE THAT TOOK ADVANTAGE OF THE PRIOR TAX CREDITS CANNOT UTILIZE THE CREDIT IN 2011 (NO DOUBLE-DIPPING)
* MUST BE INSTALLED BETWEEN JANUARY 1ST, 2011 AND DECEMBER 31, 2011
FEDERAL TAX CREDIT IS BACK FOR 2011!
EFFICIENCY REQUIREMENTS SAME AS 2009/2010 (EXCEPT FOR BOILERS AND OIL FURNACES)
BUT THE DOLLAR FIGURES ARE DIFFERENT
THE "TAX RELIEF", UNEMPLOYMENT INSURANCE REAUTHORIZATION, AND JOB CREATION ACT OF 2010" INCLUDES A ONE YEAR EXTENSION - WITH REVISIONS - TO THE FEDERAL TAX CREDITS ON QUALIFYING HIGH EFFICIENCY HVAC EQUIPMENT.
*
THE EFFICIENCY REQUIREMENTS ARE THE SAME AS FOR THE 2009/2010 PROGRAM (EXCEPT BOILERS AND OIL FURNACES,
WHERE THE MINIMUM AFUE IS NOW 95%)
*
THE DOLLAR BENEFIT TO THE HOMEOWNER (THE TAX CREDIT) REVERTS TO THE FIXED DOLLAR AMOUNTS
THAT WE HAD IN THE PREVIOUS 2007 PROGRAM. THERE IS NO LONGER A 30% CALCULATION.
*
THE MAXIMUM AMOUNT AN ELIGIBLE HOMEOWNER MAY RECEIVE IN TAX CREDITS FOR "RESIDENTIAL ENERGY PROPERTY" PURCHASED IN 2011 WILL BE REDUCED FROM $1500.00 TO $500.00. HOWEVER, THE TOTAL AMOUNT OF CREDITS A HOMEOWNER CLAIMED FOR PURCHASES BETWEEN 2006 AND 2010 IS TO BE DEDUCTED FROM THE $500.00 CAP. IF A HOMEOWNER HAS ALREADY CLAIMED CREDITS OF $500.00 OR MORE THROUGH THIS ALLOWANCE, THEY WILL BE UNABLE TO CLAIM NEW CREDITS FOR IMPROVEMENTS MADE DURING 2011
EQUIPMENT MINIMUM EFFICIENCY REQUIREMENTS:
PRODUCT
MINIMUM EFFICIENCY REQUIREMENT
MAXIMUM TAX CREDIT AVAILABLE
SPLIT SYSTEM AIR CONDITIONER
16 SEER AND 13 EER
$300.00
PACKAGED AIR CONDITIONER
14 SEER AND 12 EER
$300.00
HEAT PUMP (SPLIT OR SPP)
15 SEER AND 12.5 AND 8.5 HSPF
$300.00
PACKAGED HEAT PUMP 14 SEER AND 12 SEER AND 8 HSPF $300.00
NATURAL GAS OR PROPANE FURNACE
95% AFUE
$150.00
ADVANCED MAIN
AIR CIRCULATING FAN ELECTRICITY USE OF NO MORE THAN 2%
OF THE TOTAL USE OF THE FURNACE $50.00
2011 ENERGY TAX CREDIT DETAILS:
* THE OLD GENEROUS CREDIT TITLED THE 2009/2010 AMERICAN RECOVERY AND REINVESTMENT ACT (ARRA) WAS ALLOWED
TO EXPIRE AND WAS NOT RENEWED
* THE NEW ENERGY EFFICIENT TAX CREDIT IS ONLY A 10% CREDIT, UP TO A MAXIMUM OF $500.00. THE PRIOR CAP HAD BEEN UP TO $1500.00
WHICH EXPIRED ON DEC 31, 2010.
* FURNACES ARE ONLY ALLOWED TO GET UP TO A $200.00 CREDIT AND THEY MUST BE 95% EFFICIENT
* TO REITERATE, OF THE VARIOUS PROGRAMS YOU MAY TAKE ADVANTAGE OF, THE CAP IS $500.00 TOTAL IF YOU HAVEN'T
TAKEN ADVANTAGE OF THE CREDIT PREVIOUSLY.
* ANYONE THAT TOOK ADVANTAGE OF THE PRIOR TAX CREDITS CANNOT UTILIZE THE CREDIT IN 2011 (NO DOUBLE-DIPPING)
* MUST BE INSTALLED BETWEEN JANUARY 1ST, 2011 AND DECEMBER 31, 2011
