Home Energy Efficiency Tax Credit

In February 2009, The American Recovery and Reinvestment Act was signed into law. The act includes tax credits to homeowners who make energy efficiency home improvements such as purchasing energy-efficient appliances and heating and cooling equipment.

Read Bob's recent blog posting about this important topic.

Energy-Efficient Tax Credit for Existing Homes

Beginning January 1, 2009 through December 31, 2010, when you purchase qualifying energy-efficient heating and cooling equipment for an existing home you may be eligible to claim a tax credit of up to 30% of the purchase price on your 2009 or 2010 tax return (up to $1,500).

Please consult your tax expert on any tax credit to which you may be entitled.

Lennox Products

To view specific information concerning the tax credit on Lennox products click here.

About Tax Credits

A tax credit is generally more valuable than an equivalent tax deduction because a tax credit reduces tax dollar-for-dollar, while a deduction only removes a percentage of the tax that is owed. Consumers can itemize purchases on their federal income tax form, which will lower the total amount of tax they owe the government.

For detailed information on the tax credit and systems qualifications visit the Energy Star Website.

Benefits of Energy Efficient Products

Consumers who employ energy-efficient products in their homes enjoy multiple benefits. These benefits include lower home energy bills, increased indoor comfort, and reduced air pollution.

For more information on the Energy Efficiency Tax Credit, give us a call at (334) 340-1111.