We have compiled a few questions and answers that pertain to the $1500.00 Federal Tax credit that applies to the upgrade of your air conditioning system to an efficient air conditioning system that meets the requirements.
One thing to remember is that this is a government program and the rules and requirements are subject to change without notice. Make sure to contact us at Blue Phoenix Mechanical so you can make sure that the system that is right for you qualifies for the Federal tax credit. It would also be wise to contact your tax adviser to ensure that you are personally eligible for the tax credits.
We hope the following will answer any questions that you have.
Some Frequently Asked Questions Pertaining To the Federal Stimulus Tax Credit
- Do I have to replace both my heating and air conditioning to qualify for the tax credit? - Can the energy efficiency tax credit be carried over to future years? - I don’t have to file income taxes, can I still get the energy efficiency tax credit? - Is there a list of all Central Air Conditioners that qualify for the tax credit? - How can I determine if I can collect the tax credit? Does it matter if I am getting a tax refund? - What's the difference between a split system and a packaged unit? - Do I have to replace both my heating and air conditioning to qualify for the tax credit? - Does the $1,500 tax credit double for married people filing a joint tax return? - How has the new Stimulus bill affected the tax credits for energy efficient home improvements? - How do I subtract the cost of installation from the invoice (for the tax credit)? - How can I determine if I can collect the tax credit? Does it matter if I am getting a tax refund? - Can the energy efficiency tax credit be carried over to future years?
- Is the $1,500 tax credit available for each product? Can I get $1,500 for windows and another $1,500 for a new HVAC system? Can I get $1,500 in 2009 and another $1,500 in 2010? Can two people living in the same home both get the $1,500 credit?
