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Indiana Homer City Blairsville 724-463-7272 724-479-9949 724-459-3200 Taking your comfort to new heights!!
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      Tax Credits for 2009/2010 Effective January 1, 2009 installation of qualified energy efficient home improvements can receive up to 30% of the cost of installation or up to $1,500.00 tax credit. If you are planning on doing any improvements or would just like to update your equipment, this is the year to do it! Frequently Asked Questions Can a homeowner use the entire $1500 limit as a credit toward the installation of one appliance? Yes. A homeowner may use the entire $1500 in tax credits for installing a single appliance, such as a qualified furnace, air conditioner, heat pump or hot water heater. What happens it the 30% of the installed costs is less than $1500? The homeowner can "bank" the remaining available tax credit for other qualified improvements. Any single installation that costs more than $5000 will instantly reach the $1500 limit. What if the homeowners already claimed $500 in tax credits in 2006 or 2007? The "lifetime caps" that used to be in place have been removed. Any previous claims do no count against the current $1500 credit limit. Does the tax credit apply to the cost of the equipment or the equipment plus labor? The tax credit applies to the installed costs of the qualified equipment, which includes labor. Can the homeowner claim the credit for improvements to a second home? No. The tax credit is only available for the improvement to the taxpayer's primary residence.
Give us a call for a free estimate, we can help you
save energy costs and in the process you will be helping the planet and
receiving your tax credit! |
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Indiana Homer City Blairsville 724-463-7272 724-479-9949 724-459-3200
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Eagle Air Service, Inc.