Residential Tax Credit & Rebate Programs
If you have any Water Heater Tax Credit questions or need additional information, please email Terry.
If you have ant HVAC Tax Credit questions or need additional information, please email Eric.
Federal Energy Tax Credits
Definition: A credit against tax owed. Tax credits are subtracted from the tax owed, unlike tax deductions, which are subtracted from taxable income. Tax credits allow the government to encourage certain consumer behaviors.
Tax credit applicable:30% of cost up to $1,500.00 for replacement of existing systems.
The following credits expire December 31, 2010
Air Source Heat Pumps: HSPF 8.5 or more, EER 12.5 or more, SEER 15 or more
Central Air Conditioning: SEER 16 or greater, EER 13 or greater
Boiler: 90% efficiency or greater
Furnace: 95% efficiency or greater
Oil: 90% efficiency or greater
Gas Water Heater 90% efficiency or greater
Electric Water Heater energy factor 2.0 or greater
Geothermal Heating Systems tax credit 30% of cost with no upper limit
The following credit expire December 31, 2016
Geothermal Closed Loop System: EER 14.1 or greater, COP 3.3 or greater
Geothermal Open Loop System: EER 16.2 or greater, COP 3.6 or greater
Direct Expansion System: EER 15 or greater, COP 3.5 or greater
Duke Rebate Smart Saver Rebates - Ohio
|
Efficiency of new HVAC System installed in your Existing Home |
Existing Home CustomerRebates |
New Home Builder Rebates |
|
Heat Pumps: must be 14 SEER or greater and include an ECM fan motor |
$200 |
$300 |
|
Air Conditioners: must be 14 SEER or greater and include an ECM fan motor |
$200 |
$300 |
|
Geothermal Heat Pumps: must be 10.5 EER or greater and include an ECM fan motor |
$200 |
$300 |
|
Gas Furnaces: must be a 90% AFUE or greater |
$200 |
$300 |
|
New 90% AFUE or greater natural gas furnace combined with a new, qualifying AC or heat pump as described above |
$400 |
$600 |
Duke Smart Saver Rebates - Indiana
|
Efficiency of new HVAC System installed in your Existing Home |
Rebates |
|
Heat Pumps: must be 14 SEER or greater and include an ECM fan motor |
$200 |
|
Air Conditioners: must be 14 SEER or greater and include an ECM fan motor |
$200 |
|
Geothermal Heat Pumps: must be 10.5 EER or greater and include an ECM fan motor |
$200 |
|
|
dKentucky , Indiana and Ohio Appliance Rebate Programs
Each state has allocated a portion of federal dollars toward their programs. The individual state incentives are in addition to any Federal tax credit or utility rebates that may apply. Programs start in the spring of 2010 and will continue until the funding for each state has been allocated. These incentives are not only for high efficiency heating and cooling systems but energy efficient water heaters as well. They will run until DEDI's funds are exhausted, so we encourage consumers to start planning for their purchases. For questions concerning qualifying systems contact Eric Spencer at:
Kentucky Eligible Equipment Launch Date April 22 , 2010
Product Rebate
Gas Condensing Water Heater $200.00
Gas Tankless Water Heater $300.00
Hi-Efficiency Central Air Conditioner $100.00
Hi-Efficiency Heat Pump $400.00
Geothermal System $300.00
Hi-Efficiency Gas Furnace $300.00
Hi-Efficiency Gas Boilers $200.00
Ohio Eligible Equipment 1st Quarter 2010
Product Rebate
Hi-Efficiency Gas Water Heater $100.00
Indiana Eligible Equipment 1st Quarter 2010
Product Rebate
Hi-Efficiency Central Air Conditioner $150.00
Hi-Efficiency Heat Pump $500.00
Geothermal System $1000.00
Hi-Efficiency Gas Furnace $300.00
Hi-Efficiency Gas Boiler $500.00
Kentucky Appliance rebate website: www.energy.ky.gov/recovery/rebate/
Ohio Appliance rebate website: www.development.ohio.gov/recovery/EnergyStarProgram.htm
Indiana Appliance rebate website: www.energy.IN.gov
Energy Star Rated Equipment listing: www.energystar.gov
Click Here to print Residential Tax Credit & Rebate Programs [PDF]
