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2009-2010 Federal Stimulus
Tax credits up to $1500 for HVAC products
Up to 30% of cost & installation of geothermal heat pumps!
On February 16, 2009, President Obama signed the American Recovery and Reinvestment Act of 2009 (ARRA) into law, an economic stimulus law that combines spending and tax incentives designed to get the American economy moving by investing in our nation's buildings.
Federal Incentives
Under the 2009 stimulus, those who purchase and install specific efficient HVAC products, such as air conditioners with high SEER ratings or geothermal heat pumps, into existing homes can receive a tax credit for 30% of the cost, up to $1,500, for improvements "placed in service" starting January 1, 2009, through December 31, 2010 under the 2009 stimulus. For geothermal heat pump installations, the credits can exceed $1500 and actually go up to 30% of the entire cost of procurement and installation!
Read More: 2009 HVAC Tax Stimulus
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