Peruse These Federal Tax Credits for Energy Efficiency Improvements for Your Home

[NNN0LHI]

I need a new furnace and a central air conditioner badly. My current ones are over 15 years old and they are about to nickel and dime me to death. This should work out good. Almost changed them last year. Glad I waited.

http://www.energystar.gov/index.cfm?c=products.pr_tax_credits

Federal Tax Credits for Energy Efficiency

Frequently Asked Questions:

How has the new Stimulus bill affected the tax credits for energy efficient home improvements?

What tax credits are available in 2008 for energy efficiency home improvements?

Are installation costs covered by the tax credit?

All Tax Credit FAQs

Federal Tax Credits for Energy Efficiency includes:
Tax Credits for Consumers
Tax credits are available at 30% of the cost, up to $1,500, in 2009 & 2010 (for existing homes only) for:
Windows and Doors
Insulation
Roofs (Metal and Asphalt)
HVAC
Water Heaters (non-solar)
Biomass Stoves
Tax credits are available at 30% of the cost, with no upper limit through 2016 (for existing homes & new construction) for:
Geothermal Heat Pumps
Solar Panels
Solar Water Heaters
Small Wind Energy Systems
Fuel Cells
Cars
Tax Credits for Home Builders
Tax Deductions for Commercial Buildings
For More Information
**Please note, not all ENERGY STAR qualified homes and products qualify for a tax credit. These tax credits are available for a number of products at the highest efficiency levels, which typically cost much more than standard products. If, for whatever reason, you decide not to purchase a product covered by the tax credit, you may still consider purchasing an ENERGY STAR product. 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.

Tax Credits for Consumers:
Home Improvements
Tax credits are now available for home improvements:

must be "placed in service" from January 1, 2009 through December 31, 2010
must be for taxpayer's principal residence, EXCEPT for geothermal heat pumps, solar water heaters, solar panels, and small wind energy systems (where second homes and rentals qualify)
$1,500 is the maximum total amount that can be claimed for all products placed in service in 2009 & 2010 for most home improvements, EXCEPT for geothermal heat pumps, solar water heaters, solar panels, fuel cells, and small wind energy systems which are not subject to this cap, and are in effect through 2016
must have a Manufacturer Certification Statement3 to qualify
for record keeping, save your receipts and the Manufacturer Certification Statement3
improvements made in 2009 will be claimed on your 2009 taxes (filed by April 15, 2010) — use IRS Tax Form 5695 (2009 version) — it will be available late 2009 or early 2010
If you are building a new home, you can qualify for the tax credit for geothermal heat pumps, photovoltaics, solar water heaters, small wind energy systems and fuel cells, but not the tax credits for windows, doors, insulation, roofs, HVAC, or non-solar water heaters. More.

[ProgressiveProfessor]

1. California is also doing a $2.20 per Watt rebate

Fed rate is also not indexed or otherwise offset. Between the two its about 45% off most installations around here.

[slipslidingaway]

2. knr nt