TAX CREDIT * Frequently Asked Questions.....
For up to date accurate information, go to EnergyStar.gov:
http://www.energystar.gov/index.cfm?c=tax_credits.tx_index
Am I still eligible to get instant rebates from Riesen PHI & Carrier?
Yes! You can still claim manufacturer rebates in conjunction with your Federal Tax Credits and get INSTANT savings, as well as money off of your taxes at the end of the year.
How do I claim the tax credit?
When Riesen PHI installs your new heating & air conditioning system, you will be provided with the Manufacturer’s Certifications and an ARI Certificate so you or your accountant will be prepared to claim your tax credit.
What is the amount of the new tax credit?
For the qualified home improvements, homeowners may be able to claim tax credits up to $500. Geothermal systems qualify for a much larger amount.
What is the time frame for the new tax credits?
The new tax credits expire on December 31, 2011. Geothermal goes until 2016
Does the tax credit apply to the cost of the equipment or equipment plus labor?
Yes, the credit applies to the installed costs of the qualified equipment, which includes labor.
QUALIFYING FOR THE TAX CREDIT
What can I do take advantage of the new energy tax incentives?
Homeowners can receive a substantial tax credit for home efficiency improvements on new high efficient air conditioners, heat pumps, furnaces, boilers and water heaters.
Are the tax credits different for geothermal heat pumps?
Yes, homeowners who install geothermal heat pump systems may be able to claim up to 30% of the installed costs in tax credits in the year the system is placed into service. However, there is no dollar limit to the credit on geothermal heat pumps. The geothermal tax credit also has a longer term, from January 1, 2009 and expires December 31, 2016.
How do I know which specific equipment or improvements qualify for the tax credits?
There are a wide range of products available that qualify for the full tax credits. Schedule an appointment for a FREE, detailed proposal from a Riesen PHI Comfort Consultant who will review all options available to you.
It’s easy, just call 419-586-2639, or email riesen@bright.net.
Can I claim the credit for improvements on a second home?
No. The tax credit is only available for improvement to the taxpayer’s primary residence.
Can modular or mobile homeowners qualify?
Yes. As long as the improvements meet the qualifying criteria and the homeowner’s primary residence they may claim the tax credit.
For a FREE consultation on energy-efficient heating and cooling equipment for your home, call 419-586-2639 to start saving now.
*Every taxpayer's income situation is unique. Please call your tax preparer to see how you can take advantage of the tax credit. RPHI makes no guarantees or claims as to your eligibilty or individual tax situation.
