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Bradenton & Sarasota Air Conditioning Tax Credits 2010

Save Up To $500
Until December 31, 2011

Replace your old air conditioning system
and you'll save money on energy bills
and lower your tax bill too.

From January 1, 2011 and through December 31, 2011, an eligible homeowner can claim 10% of the costs, capped at $500, for the installation of qualified energy efficient improvements subject to certain limits.

Under the new law for HVAC tax credit, the maximum a homeowner could claim for an existing primary residence is $300 for a qualified central air conditioner and heat pump, and $150 for a qualified furnace or hot water boiler and $50 for any advance main air-circulating fan.

The law reinstates the lifetime credit cap and disqualifies any homeowner who has claimed $500 or more in “25C tax credits” since January 1, 2005 from any further credits.

Qualifying HVAC Equipment

• Central air conditioners: Split Systems 16 SEER and 13 EER = $300
• Central Air conditioners: Package systems 14 SEER and 12 EER = $300
• Heat Pumps: Spilt Systems 15 SEER , 12.5 EER and HSPF 8.5 = $300
• Heat Pumps: Package systems 14 SEER, 12 EER and HSPF  8 = $300

What is the difference between a tax credit and a tax deduction?
Tax credits are deducted from a taxpayer’s liability and reduce the amount of tax owed.
Tax deductions are applied against income and reduce the taxable income.

How can I determine if I can collect the tax credit?
Tax liability is the total amount of federal income tax you are responsible for paying. Check your last
year’s tax return to get a sense of your tax liability. You can claim all of your tax credits as long as your
tax liability is greater than zero after all tax credits have been applied. These energy efficiency tax credits
are “non-refundable” which means you can’t get more money back in tax credits than you pay in federal
income taxes.

Can the HVAC energy efficiency tax credit be carried over to future years?
No. The 10% tax credit cannot be carried over to future years.

Are installation costs covered by the tax credits?
Installation costs are covered as part of the 10% tax credit for heating, ventilation and air conditioning
systems.

For additional information:
Call an Anthony’s Comfort Consultant or go to www.energystar.gov and click on the “tax credit
energy efficiency” icon at the bottom of the page.

If you are looking for a Bradenton and Sarasota HVAC Specialist for your home or business, please call 941-749-5307 or complete our online request form.