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Residential Gas
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Residential
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Commercial
Electric
Residential Tax
Rebates
Commercial Tax
Rebates
Carrier Systems Rebates
Gas Company Rebates
High Efficiency Heating System & Water Heating Rebate Programs, Residential -
click here for
rebate form, downloadable PDF file
For 2010 there is a separate rebate form for thermostats -
click here
Commercial Rebates - 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.
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 92 % or greater $400
Furnace (equipped with an ECM or equivalent) 92 % or greater
$500
Furnace (equipped with an ECM or equivalent) 94 % or greater $65
Hot Water
Boiler 85 % or greater $500
Hot Water
Boiler 90 % or greater $1,000
Steam Boiler 82 % or greater $200
Water heating equipment Rebate amount
Indirect-Fired Storage Tank Models $500
Must be connected to a natural gas heating system, 20 gallon min. tank size
On-Demand Tankless Models $700
Minimum .82 Energy Factor (EF) and electronic ignition
Condensing Gas Water Heater
$500
Minimum 95 % thermal eff; 75-300 MBH
Energy Star-Rated Storage
Water Heater $50
Minimum .62 Energy Factor (EF)
Boiler Controls Rebate amount
After-Market Boiler Reset Controls $200
Energy Star®- Labeled Thermostat Rebate amount
$25 per Thermostat
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
(as of 3/23/10 this 2009 form is still being used,
pending MA approval of the 2010 rebate form)
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) . Link to 2009 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.