1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Energy Credits

Discussion in 'Members' Lounge' started by reckedracing, Nov 24, 2009.

  1. reckedracing

    reckedracing TTIWWOP VIP

    Messages:
    21,057
    Likes Received:
    1,180
    Joined:
    Dec 5, 2002
    Location:
    NY
    Todays Tax Tip

    IRS is offering a non-refundable credit for HVAC systems put in service in 2009 and 2010. The credit is 30% of the cost, including parts and labor, up to $1500.

    Good info to have if you're looking to upgrade your heating systems.

    Credit also applies to other energy effecient improvments like windows and doors, heat pumps, etc. Not sure what the limit on windows and doors is this year, but the total energy credit is limited to $1500.

    This includes gas, propane, oil and biomass.
    aka pellet and wood stoves.

    if you want more info or form numbers just make a post and i'll answer your questions.
     
  2. 99sidude

    99sidude Moderator Moderator VIP

    Messages:
    3,707
    Likes Received:
    170
    Joined:
    May 1, 2006
    Location:
    Ohio
    I'm very interested. I'm buying a house and will be closing in a month or so. The house is propane, and I need to get a tank installed. I'm not sure if I'll have the cash to overhaul the hvac in the house, but this is worth looking in to.
     
  3. Briansol

    Briansol Admins Admin VIP

    Messages:
    21,455
    Likes Received:
    2,117
    Joined:
    Nov 18, 2007
    Location:
    CT
    yeah, this has been going on for a long time now. i missed it by 2 months (installed my stove in nov 2008)
     
  4. corvetteguy78

    corvetteguy78 Well-Known Member VIP

    Messages:
    3,520
    Likes Received:
    290
    Joined:
    Feb 19, 2007
    Location:
    CT
    I was thinking about replacing window sin my Condo but I would assume they would have to be custom. I should get an estimate and possibly tank advantage
     
  5. reckedracing

    reckedracing TTIWWOP VIP

    Messages:
    21,057
    Likes Received:
    1,180
    Joined:
    Dec 5, 2002
    Location:
    NY
    its been going on for a while but its the season when people start thinking about their furnaces

    i had a couple clients call recently so I figured I'd share my research.
     
Verification:
Draft saved Draft deleted

Share This Page