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Federal Tax Credits

Federal Tax Credits

The Federal Tax Credit EXPIRED on 12/31/2011

No New Federal Tax Credits have been approved to date for 2012

Homeowners should always consult with a certified tax advisor to ensure that they qualify for any tax credit.

For further savings check out our Government/Manufacturers Rebates information.

Call Modern Service or Anderson Service for a Free System Analysis or complete our online Service Request form.

For Work Completed in 2011

Legislation Regarding Federal Tax Credits

Tax Bill Signed by President – 25c Included

President Obama signed into law on Friday, December 17, 2010, a $858 billion dollar Tax Relief and Benefits package which includes:

Extension of the 25c Tax Credit for one year, which returns it to pre-stimulus levels.

New Tax Bill specifics as they relate to 25c.

  • Eligible taxpayers can claim tax credits of up to $500 in 2011.
  • All energy efficiency levels stay at the current levels, except for propane, natural gas, or oil furnace or hot water boiler, which will move to 95% AFUE.
  • An individual or household lifetime cap of $500 applies, dating back to January 2005. For example, if an individual has claimed the 25c credit since 2005, for any qualifying upgrade up to or over $500, they would be ineligible to claim the tax credit in 2011.

As of January 1, 2011, the new tax credit levels will be:

  • $50 for any advanced main air circulating fan
  • $150 for any qualified natural gas, propane or oil furnace or hot water boiler.
  • $300 for any item of energy-efficient building property (ex: Central Air/ Heat Pumps)

Homeowners should always consult with a certified tax advisor to ensure that they qualify for the tax credit.

For details please visit: US Senate Legislation or Energy Star Tax Credits.

For further savings check out our Government/Manufacturers Rebates information.

Call Modern Service or Anderson Service for a Free System Analysis or complete our online Service Request form.