Garden State Air

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QUALIFYING FOR THE TAX CREDIT

What can I do take advantage of the new energy tax incentives?

Homeowners can receive a substantial tax credit for home efficiency improvements on new high efficient air conditioners, heat pumps, furnaces, boilers and water heaters. Additionally, new high efficiency windows and additional home insulation qualify.

Are the tax credits different for geothermal heat pumps?

Yes, homeowners who install geothermal heat pump systems may be able to claim up to 30% of the installed costs in tax credits in the year the system is placed into service. However, there is no dollar limit to the credit on geothermal heat pumps. The geothermal tax credit also has a longer term, from January 1, 2009 and expires December 31, 2016.

How do I know which specific equipment or improvements qualify for the tax credits?

There are wide ranges of products available that qualify for the full tax credits. Schedule an appointment for a FREE consultation with a Garden State Air Associate who will review all options available to you.

Can I claim the credit for improvements on a second home?

No. The tax credit is only available for improvement to the taxpayer's primary residence.

Can modular or mobile homeowners qualify?

Yes. As long as the improvements meet the qualifying criteria and the homeowner's primary residence they may claim the tax credit.

How do I claim the tax credit?

When Garden State Air, installs your new heating & air conditioning system, you will be provided with a packet that contains Manufacturer’s Certifications and an ARI Certificate so you or your accountant will be prepared to claim your tax credit.  

What is the amount of the new tax credit?

For the qualified home improvements, homeowners may be able to claim tax credits, up to a total of $500.00  

What is the time frame for the new tax credits?

These tax credits are available from January 1, 2011 - December 31, 2011. 

Does the tax credit apply to the cost of the equipment or equipment plus labor?

Yes, the credit applies to the installed costs of the qualified equipment, which includes labor. 

For a free consultation on energy-efficient heating and cooling equipment for your home, call 877-494-4750

2012 Tax Credit Information

$ 500.00 Federal Tax Credit Extension

Extended to 12/31/2013