Tax Credits - Efficiency Heating And Cooling - (503) 698-5588 - Clackamas, OR - FREE ESTIMATES - Portland, Oregon Furnace and Air Conditioner Service Contractor

Looking for a tax credit? Your Federal tax credit is 30% up to $1500.00 and your State is $350.00 for a limited time. To take advantage of these offers you must install a 95% Energy Star high efficiency gas furnace with variable speed blower. There are also credits available on your heat pumps and air conditioners as well. Efficiency Heating and Cooling is your Portland heating and air conditioning contractor for all sales, installation, maintenance, and service repair. We offer environmental ozone friendly R-410A air conditioners to energy saving heat pumps. Updating your home or small business with sound ratings, efficiency, and refrigerants combined with air purifier filter systems just makes sense. We can help you with large and small jobs.

Stimulus Package Includes
Major HVAC Tax Credit
On February 17, 2009, President Obama signed into law "H.R. 1, the American Recovery and Reinvestment Act of 2009." This act has significant impact on the residential HVAC Tax Credits that the industry has been aiming at in 2009.

• New Tax Credit Efficiency Requirements. The new law changes the HVAC tax credit efficiency requirements for Split System Air Conditioners, Split System Heat Pumps, and Packaged Heat Pumps. Refer to summary table below.

• New Tax Credit Dollar Values. The dollar value of the tax credits has changed significantly. Instead of fixed dollar values ($300, $150, $50), the credit is now defined as 30% of the installed cost of qualifying equipment, up to $1500 maximum over both years 2009 and 2010.

• New Dates. The new credits are available for qualifying products that are “placed in service” between January 1, 2009 and December 31, 2010.
Summary (as compared to previous tax credit):
♦ Higher Tax Credit . The tax credit has increased from specific dollar amounts--$300, $150, $50--to 30% of installed cost of qualifying equipment with a maximum credit of $1,500.

♦ More Split-System Heat Pumps Qualify. New minimum efficiency requirements for split-system heat pumps allow MORE split-system heat pump combinations to qualify.

♦ Many Small Package Heat Pumps Qualify. New minimum efficiency requirements allow many small packaged heat pumps to qualify.

♦ Split-System Air Conditioner requirements are tougher. More qualifying combinations are coming soon.

♦ Small Package Gas/Electric Models. The act is not clear on whether they qualify and if so, how the credit would be calculated. We are seeking IRS guidance on this point.
Tax Credit Efficiency Requirements
Product
Minimum Requirements
Split-system Air Conditioner
16 SEER & 13 EER
Split-system Electric Heat Pump
15 SEER, 12.5 EER & 8.5 HSPF
Packaged Air Conditioner
(Including Gas/Electric)
14 SEER & 12 EER
Packaged Electric Heat Pump
14 SEER, 12 EER & 8 HSPF
Gas Furnace
95% AFUE
Advanced Main Air Circulating Fan
≤ 2% of furnace total energy usage

NOTE: No guarantees are given or implied as to the eligibility of an individual to receive a tax credit under this program or how such credit would apply. Please consult a tax professional to determine your eligibility for and application of the credit(s).