Stimulus Package Tax Credits

The Stimulus Package that President Obama signed into law gives tax credits to homeowners that purchase High Efficiency Heating and or Air Conditioning Equipment for their homes.

You can get up to $1,500 tax credit by replacing your heating system or air conditioning system. The credit is based off of the installation cost not just the equipment cost.

You are eligible for 30% of the total installation cost up to the $1,500 limit. Any Qualifying Heater and or Air Conditioning System of $5,000 or higher would qualify for the full amount.

This is a tax credit not a tax deduction, a tax credit goes against your tax liability dollar for dollar. You can get the credit whether you are replacing just your Heating or Air Conditioning System or both at the same time. But there is an added bonus, with a Higher Efficiency System you will also save on your monthly utility bills and guess what, not only will you save money each month, but you will also be helping to save the environment, because you will be using less fuel to heat and cool your home.