2011 Federal Tax Credit
For 2011 there is a new Federal Tax Credit available for home owners who purchase replacement Energy Efficient Heating and Cooling systems for their primary residence. This program is different from the one offered in 2009-2010. It begins on January 1, 2011 and ends on December 31, 2011.
Tax Credit allowances are:
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$300 maximum for replacing the Heating and Cooling System with a qualified system. This applies to Heat Pump and Gas Furnace systems.
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$150 maximum for a 95% Efficient Furnace
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$50 maximum for a High Efficiency Furnace Fan.
A total of $500 is available if the home owner purchases a Gas Furnace system with a 95% Efficient Furnace. 95% furnaces usually have high efficient furnace fans included.
If the homeowner claimed a Federal Tax Credit of $500 or more for energy efficient improvements from 2005 through 2010, then the 2011 is not available to them. This includes insulation, windows, doors, water heaters, etc.
Goins Heating & A/C would be happy to give you an estimate and determine what federal tax credits you might qualify for. Please give us a call for a no obligation appointment. 423-775-0773.
