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Electric
Residential Tax
Rebates
Commercial Tax
Rebates
Carrier Systems Rebates
Gas Company Rebates
High Efficiency Heating System & Water Heating Rebate Programs, Residential and Small Commercial - click here for rebate form, downloadable PDF file
To participate, simply download a rebate form at
www.gasnetworks.com. The rebate guidelines are as follows:Type of heating system AFUE Rebate amount:
Furnace (for Hot Air Systems) 92 % or greater $100.00
Furnace (equipped with an ECM or equivalent) 92 % or greater
$400.00
Boiler (for Forced Hot Water Systems) 85 % or greater
$500.00
Boiler (for Forced Hot Water Systems) 90 % or greater
$1,000.00
Combined Boiler and Water Heating Unit 90% or greater
$1,300.00
Steam Boilers 82.0% or greater $200.00
Water heating equipment Rebate amount
Indirect-Fired Storage Tank Models $300
Must be connected to a natural gas heating system
On-Demand Tankless Models $300
Minimum .82 Energy Factor (EF) and electronic ignition
Energy Star®- Labeled Thermostat Rebate amount
$25.00 per Thermostat
- click here for rebate form, PDF file
These rebates are for high efficiency commercial equipment, including boilers, furnaces, infrared heaters, thermostats, domestic water heaters, and kitchen fryers/steamers.
Electric Company Rebates
Residential: Central Air Conditioning and
Heat Pumps
Via
the COOL SMART program, a mail-in rebate of $300-$500 is available for
qualifying ENERGY STAR central air conditioning systems and heat pumps.
Plus, this program includes a Quality Installation Verification (QIV)
service. Participating COOL SMART QIV contractors perform important
energy-saving AC system tests that are usually omitted by other contractors.
-
click here for
rebate form, downloadable PDF file
For Your Business: Electric Efficiency
HVAC Systems
High-efficiency HVAC equipment not only heats, cools, and ventilates
buildings – it saves energy, creates an environment where great work is
possible, and designates economy as standard operating procedure. Ensuring
comfortable temperatures for employees, customers, and tenants is smart
business, and is easily achieved when considered in the planning phase of
new construction.
-
click here for rebate form, downloadable PDF file
Federal tax credits (in addition to local and state electric and gas company rebates!)
General information:
- Eligible: Solar Water Heat, Photovoltaics, Wind, Fuel Cells, Geothermal Heat Pumps, Other Solar Electric Technologies
- For Geothermal Heat Pumps: must be "placed in service" from January 1, 2008 through December 31, 2016
- does not have to be taxpayers principal residence
Maximum Incentive:
Solar-electric systems placed in service before 1/1/09: $2,000
Solar-electric systems placed in service after 12/31/08: no maximum
Solar water heaters placed in service before 1/1/09: $2,000
Solar water heaters placed in service after 12/31/08: no maximum
Wind turbines placed in service in 2008: $4,000
Wind turbines placed in service after 12/31/08: no maximum
Geothermal heat pumps placed in service in 2008: $2,000
Geothermal heat pumps placed in service after 12/31/08: no maximum
Fuel cells: $500 per 0.5 kW
-
Carryover Provisions: Excess credit may be carried forward to succeeding tax year - must have a Manufacturer Certification Statement (a signed statement from the manufacturer certifying that the product or component qualifies for the tax credit) to qualify
- for record keeping, save your receipts and the Manufacturer Certification Statement
- improvements made in 2009 will be claimed on your 2009 taxes (filed by April 15, 2010) — use IRS Tax Form 5695 (2009 version) — it will be available late 2009 or early 2010. Link to 2008 version of IRS Tax Form 5695
- If you are building a new home, you can qualify for the tax credit for geothermal heat pumps, photovoltaics, solar water heaters, small wind systems and fuel cells, but not the tax credits for windows, doors, insulation, roofs, HVAC, or non-solar water heaters. More.
Click here for a link to a website (DSIRE, Database of State Incentives for Renewables and Efficiency) that describes the complete slate of residential tax credits available.
Click here for Waterfurnace's pdf document that describes the tax deductions available for both geothermal and other residential energy efficient expenditures.
SUMMARY OF RESIDENTIAL TAX CREDITS
| Product Category | Product Type | Tax Credit Specification | Tax Credit | Notes |
|---|
| HVAC | Central A/C | Split Systems: EER >=13 SEER >= 16 Package systems: EER >= 12 SEER >= 14 |
30% of cost, up to $1,5002 |
For a list of qualified products, go to the Consortium for Energy Efficiency product directory, click on the Air Conditioners and in the “CEE Tier” enter “Residential Advanced Tier 3” for CAC Split Systems, and "Residential Tier 2" for CAC package systems and ASHPs. Note — not all ENERGY STAR products will qualify for the tax credit. ENERGY STAR Spec (same for CAC and ASHP): Split Systems: Package systems: |
| 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 $1,5002 | ||
| Natural Gas or Propane Furnace |
AFUE >= 95 |
30% of cost, up to $1,5002 |
For a list of qualifying products go to the Gas Appliance Manufacturing Association Not all ENERGY STAR products will qualify for the tax credit. ENERGY STAR Spec: Gas Furnaces: AFUE >= 90 Oil Furnaces: AFUE >= 85 Boilers: AFUE >= 85 |
|
| Oil Furnace |
AFUE >= 90 |
30% of cost, up to $1,5002 | ||
| Gas, Propane, or Oil Hot Water Boiler |
AFUE >= 90 |
30% of cost, up to $1,5002 | ||
| Advanced Main Air Circulating Fan | No more than 2% of furnace total energy use | 30% of cost, up to $1,5002 |
For a partial list of qualifying products go to the Gas Appliance Manufacturing Association |
|
| Geo-Thermal Heat Pump | Geo-Thermal Heat Pump |
Same criteria as ENERGY STAR: Closed Loop: |
30% of the cost - NOT subject to $1,500 cap |
All ENERGY STAR labeled geo-thermal heat pumps qualify for the tax credit. Use
IRS Form 5695
Must be placed into service between Jan. 1, 2008–Dec. 31, 2016. |
| Water Heaters | Gas, Oil, Propane Water Heater | Energy Factor >= 0.82 or a thermal efficiency of at least 90%. |
30% of cost, up to $1,5002 |
Not all ENERGY STAR gas storage and gas condensing water heaters will qualify for the tax credit. All ENERGY STAR gas tankless models will qualify. ENERGY STAR criteria: Gas Storage: Gas Tankless: Gas Condensing: For a partial list of qualifying products go to the Gas Appliance Manufacturing Association |
| Electric Heat Pump Water Heater | Same criteria as ENERGY STAR: Energy Factor >= 2.0 | 30% of cost, up to $1,5002 |
All ENERGY STAR qualified electric heat pump water heaters qualify for the tax credit |
2Subject to a $1,500 maximum per homeowner for all improvements combined.
3A Manufacturer’s Certification is a signed statement from the manufacturer certifying that the product or component qualifies for the tax credit. The IRS encourages manufacturers to provide these Certifications on their website to facilitate identification of qualified products. Taxpayers must keep a copy of the certification statement for their records, but do not have to submit a copy with their tax return.
The IRS defines “placed in service” as when the property is ready and available for use.
Tax Deductions for Commercial Buildings:
A tax deduction of up to $1.80 per square foot is available to owners or designers of new or existing commercial buildings that save at least 50% of the heating and cooling energy of a building that meets ASHRAE Standard 90.1-2001. Partial deductions of up to $.60 per square foot can be taken for measures affecting any one of three building systems: the building envelope, lighting, or heating and cooling systems that provide at least 1/3 of the 50% savings target. These tax deductions are available for systems "placed in service" from January 1, 2006 through December 31, 2013.
Click here for Waterfurnace's pdf document that describes the tax deductions and grants available for both new and existing commercial buildings.