Air Conditioner Tax Credit - $1500 Tax Credit

On February 16, 2009, President Obama signed the American Recovery and Reinvestment Act of 2009 (ARRA) into law. This Act increased tax credits available to homeowners who make qualified energy efficient improvements to their existing primary residences. If you are a homeowner and are thinking about installing new HVAC equipment, you should consider the benefits qualifying equipment would provide at tax time. Not only can these credits lower your tax liability, they can also reduce your energy costs by up to 40% and provide for a cleaner environment.

Homeowners who install qualified furnaces, boilers, heat pumps, central air conditioners, and hot water heaters in 2009 or 2010 may qualify for a tax credit equal to 30% of the installed costs, up to $1500.

To take advantage of the American Recovery and Reinvestment Act of 2009 tax credits, you must purchase your qualifying high-efficiency comfort system between January 1, 2009 and December 31, 2010. Better yet, your savings won?t be limited to a one-time tax credit. You?ll continue saving every month with reduced monthly cooling and heating bills.

Summary of Tax Credits

Product Type	Qualifying Systems	Tax Credit
Central A/C	Split Systems: EER >=13 SEER >= 16 Package systems: EER >= 12 SEER >= 14	30% of cost, up to $1,500
Air Source Heat Pumps	Split Systems: HSPF >= 8.5 EER >= 12.5 SEER >= 15 Package systems: HSPF >= 8 EER >= 12 SEER >= 14	30% of cost, up to $1,500

Texas Trade Up Appliance Rebate Program

April could mean substantial rebates for Texas residents looking to replace certain older appliances with new ENERGY STAR-rated appliances. The state of Texas received more than $23 million from the U.S. Department of Energy to establish an Energy Efficient Appliance Rebate Program, the first of its kind in Texas.

Here are important dates to remember:

o Early April 2010 -- Appliance rebates can be reserved two weeks in advance of the purchase period, either by phone or online.
o April 16-25, 2010 -- The mail-in rebate program is only good on qualifying purchases made during this time frame.

Who Qualifies: Texas residents qualify for a rebate if they purchase an eligible appliance in-store at a Texas retailer between April 16 and April 25, 2010. You must replace an older appliance for a new, energy-efficient model to receive a mail-in rebate. You can qualify for up to two different appliance rebates from the eligible appliance list on back. The Texas program will also offer an additional incentive to recycle old appliances.

Save the Date
for Rebate
Texas Energy Efficient
Appliance Rebate Program
April 16th-April 25th, 2010

Timing:
The mail-in rebates will apply to eligible appliances purchased between April 16 and April 25, 2010. The 10-day period will coincide with Earth Day. Consumers will have 45 days to install the appliance(s) and submit their paperwork for the rebate.

NOTE - The rebate program will not be retroactive. It will only apply to purchases made during the April 16 to April 25, 2010, purchase period.

Rebate Process:
Consumers will have an opportunity to reserve an appliance rebate by calling a toll-free number or registering online approximately two weeks prior to April 16, 2010. After the reserved mail-in rebates are awarded, any remaining funds will be rebated to consumers on a first-come, first-served basis. Shoppers will be limited to two appliance rebates and two recycling rebates per household.

NOTE - Reservations are not currently available. They will commence approximately two weeks prior to the April 16, 2010, program launch date.

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