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Federal Tax Credits have been extended into 2011. With The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, Signed into effect by Obama on December 17, 2010, Homeowner's still have the opportunity to take advantage of the energy efficient improvement credits until December 31, 2011. Under the revised law, homeowners can receive a tax credit of 10% of the job cost up to $300 for replacing a less efficient system with a more efficient HVAC system (see below for requirements). In addition to the tax credit, installing a high efficiency heat pump system can also qualify homeowners to receive up to $350.00 with Progress Energy's Heat Pump Rebate. (Click here for details.) Not only will you receive a great tax credit for upgrading to a more efficient HVAC system, but according to Energy Star, you could cut your cooling and heating costs annually by as much as 20%. When you consider the fact that Heating and Cooling constitutes for nearly half of a homes energy usage, this can amount to a savings on your utility bill and a return on your investment. Homeowners can also receive tax credits for other energy efficient home improvements which can be viewed on Energy Star's website: http://www.energystar.gov
You can locate a copy by clicking the appropriate link below:
To verify whether a system qualifies for the tax credit, a searchable database is available at AHRI's website: http://www.ahrinet.org |
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| Please see the 2010–2011 Tax Credit Manufacturer’s Certificates at Comfortmaker.com for qualifying products. No guarantees are given or implied as to the eligibility of an individual to receive a tax credit under this program or how such credit would apply. Please consult a tax professional to determine your eligibility for and application of the credit(s). |
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