CT license #S1-395751 CT license #SM1-4594

Air Perfect is an approved geothermal contractor by the CCEF, as well as an accreditated geothermal installer by IGSHPA #21150-1209

To find out what's best for your home, call us (203) 878-0878.

Information Links:

Energystar - Tax Credits
Database of State Incentives for Renewables & Efficiency (DSIRE)
CT Clean Energy Options
Connecticut Clean Energy Fund
CT Energy Info
CT Energy Loan

Geothermal Heat Pump Tax Credit

A taxpayer may claim a credit of 30% of qualified expenditures for a system that serves a dwelling unit located in the United States and used as a residence by the taxpayer. Expenditures with respect to the equipment are treated as made when the installation is completed. If the installation is on a new home, the "placed in service" date is the date of occupancy by the homeowner. Expenditures include labor costs for onsite preparation, assembly or original system installation, and for piping or wiring to interconnect a system to the home. If the federal tax credit exceeds tax liability, the excess amount may be carried forward to the succeeding taxable year. The excess credit can be carried forward until 2016, but it is unclear whether the unused tax credit can be carried forward after then. The maximum allowable credit, equipment requirements and other details vary by technology, as outlined below.

Geothermal heat pumps

There is no maximum credit for systems placed in service after 2008. The maximum credit is $2,000 for systems placed in service in 2008.
Systems must be placed in service on or after January 1, 2008, and on or before December 31, 2016.
The geothermal heat pump must meet federal Energy Star program requirements in effect at the time the installation is completed.
The home served by the system does not have to be the taxpayer’s principal residence.

Established by the federal Energy Policy Act of 2005, the federal tax credit for residential energy property initially applied to solar-electric systems, solar water heating systems and fuel cells. The Energy Improvement and Extension Act of 2008 (H.R. 1424) extended the tax credit to small wind-energy systems and geothermal heat pumps, effective January 1, 2008. Other key revisions included an eight-year extension of the credit to December 31, 2016, the ability to take the credit against the alternative minimum tax, and the removal of the $2,000 credit limit for solar-electric systems beginning in 2009. The credit was further enhanced in February 2009 by The American Recovery and Reinvestment Act of 2009 (H.R. 1: Div. B, Sec. 1122, p. 46), which removed the maximum credit amount for all eligible technologies (except fuel cells) placed in service after 2008.

Significantly, The American Recovery and Reinvestment Act of 2009 repealed a previous limitation on the use of the credit for eligible projects also supported by "subsidized energy financing." For projects placed in service after December 31, 2008, this limitation no longer applies.

Spring 2010 Cool Cash

Up to $1,200 Rebate

This spring, Carrier is offering consumers an incentive to purchase and install a new heating and cooling system in their home - the better the system, the bigger the rebate. On qualifying products, consumers can receive up to a $1,200 rebate on a Carrier system when purchase includes an Infinity Air Purifier. Additional rebates may also be available on Carrier generators and other heating and cooling accessories.

Key promotion dates to keep in mind:

Sales must be made from March 1 - August 31, 2010
Installations must be made from March 1 - September 15, 2010
Rebate claims must be made from March 1 - September 30, 2010 (6pm CT)

This promotion is designed specifically for the residential homeowner market. Only Carrier systems sold as a replacement for the homeowner's existing system or as an add-on to an existing home qualify.

Stimulus Tax Credit

On February 17, 2009, President Obama signed into law the historic American Recovery and Reinvestment Act of 2009. As a result of this act, the federal government announced tax credits for consumers who purchase qualifying high-efficiency heating and cooling products for their homes.

For a limited time, anyone who purchases a qualifying ENERGY STAR®-compliant, high-efficiency HVAC product in 2009 or 2010 will receive a tax credit worth 30% of upgrade costs, up to a $1,500 credit.

It's the perfect opportunity to upgrade your home with an energy-efficient heating and cooling system plus get a major tax break too!

Air Perfect Inc. can help you with system combinations that qualify for federal tax credits.