2009 New Tax Credits

Call Bair & We’re There!

The New Economic Stimulus Package – Federal Tax Credits for:

Geothermal Heating & AC, High Efficiency Forced Air Furnace & AC’s, Heat Pumps. Boilers and Tankless & Solar Thermal Hot Water

The new tax credit is in alignment with industry research showing that remodeling and retrofitting the nation’s older homes will have a far more significant impact on reducing residential energy consumption than meeting even the most aggressive efficiency goals for new homes.

A 2008 California study showed that homes built before 1983 were responsible for 70% of the greenhouse gas emissions related to single-family envelope energy consumption.

The study also found that spending $10,000 to retrofit a 1960s home could save 8.5 tons of carbon at a cost of $588 to $1,176 per ton, depending on existing tax credits and incentives. By comparison, increasing the energy efficiency of a new home 35% over current state requirements would cost about $5,000 and would reduce emissions by 1.1 tons at a cost of $4,545 per ton.

The bottom line is that retrofitting existing homes with energy-efficient features is four to eight times more carbon- and cost-efficient than adding further energy-efficiency requirements to new housing, the study showed.

Tax Credit How-to

You do not need the product sales receipts to verify the claim. A certification statement such as Energy Star qualification — part of the manufacturer’s product information — will suffice.

Homeowners should submit the appropriate schedule forms with their tax returns and should retain records that include:

• Name and address of the manufacturer
• Identification of the component
• Make, model or other appropriate identifiers
• Statement that the component meets the 25C  standards
• Climate zones for which the criteria are satisfied
• Additional information for storm windows, if applicable
• A declaration that the certification statement is true

We install and repair Tankless Water Heaters, Geothermal Heat Pump, Furnace or Central Air Conditioner, Heat Pump, Boiler, Solar Water Heater for your potable water and home heating.

We can install & repair all brands.

630-964-1700/877-337-BAIR(2247)

Serving the Western Suburbs for over 35 years.

Leave a Reply

Spam Protection by WP-SpamFree Plugin