2009 Stimulus Package Offers

On February 17, 2009, the President signed a stimulus bill that made some significant changes to the energy efficiency tax credits. Here are some highlights:

The tax credits that were previously effective for 2009, have been extended to 2010 as well.
The tax credit has been raised from 10% to 30%!
The tax credits that were for a specific dollar amount (ex $300 for a CAC), have been converted to 30% of the cost.
The maximum credit has been raised from $500 to $1500 for the two years (2009-2010). However, some improvements such as geothermal heat pumps, solar water heaters, and solar panels are not subject to the $1,500 maximum.
Homeowners who install geothermal systems may be able to claim up to 30% of the installed cost in tax credits in the year the system is placed into service.
You can get back 30% of cost, up to $1,500 for qualifying systems when you replace your Central A/C, Air-source heat pump, natural gas or propane furnace, or your Gas or Propane Hot Water Boiler.

To find out if Strandlund can help you take advantage of these incredible savings - please call us today at (866) 689-2567.

For more information, we have put together this handy list of related websites that can help you determine how much you can save!

Your new heating or air conditioning unit from Strandlund may also be eligible for additional rebates from your local utility company as well. Be sure to check with them!

Note: All information is based upon our understanding of the legislation. Consult your local tax professional for the latest information.