American Recovery and Reinvestment Act of 2009

 
On February 17, 2009, President Obama signed into law the American Recovery and
Reinvestment Act of 2009. As a result of this Act, American taxpayers can receive tax
credits of up to $1500 to help offset the costs of certain qualified energy property
expenditures in 2009 and 2010. These qualified expenditures include various models of
Heating, Ventilation, and Air Conditioning (HVAC) equipment that fall into the following categories:
 
·         Gas furnaces with an AFUE rating of 95 or higher
·         Split air conditioners with efficiency ratings of 16 SEER/13 EER or higher
·         Split heat pumps with efficiency ratings of 15 SEER/12.5 EER/8.5 HSPF or higher
·         Packaged air conditioners with efficiency ratings of 14 SEER/12 EER or higher
·         Packaged heat pumps with efficiency ratings of 14 SEER/12 EER/8 HSPF or higher
 
Products meeting the above requirements will be eligible for a tax credit equal to 30% of installed cost to a maximum $1500 tax credit (applicable to taxes filed for the year of installation). Carrier offers product applications and product combinations that meet these requirements. Check ARI and GAMA ratings to confirm that the products, application and combination you are installing meet the above prescribed requirements.
 
The credit for qualifying geothermal units installed from January 1, 2009 through December 31, 2016 is equal to 30% of the amount paid or incurred by the taxpayer (with no cap, including properly allocable installation costs) for the following qualifying geothermal equipment. The Geothermal requirements are the same criteria as Energy Star:
 
·         Geothermal heat pumps (closed loop with desuperheater) 14.1 EER/3.3 COP
·         Geothermal heat pumps (open loop with desuperheater) 16.2 EER/3.6 COP
 
The product efficiency qualifications circulated by ACCA and HARDI are listed in the table below. Carrier is working to verify the ‘Advanced Main Air Circulating Fan' qualification. We will continue to communicate updates as it becomes available.

---

 Qualifying Equipment for Tax Credits
Credits limited to 30% of installed costs (up to $1500) in the tax years 2009 and 2010
 
Equipment            Minimum Energy Efficiency Standard to Qualify for Tax Credit

Electric Air Source Heat Pumps       
Split Heat Pumps           Package Heat Pumps
15 SEER                                   14 SEER
12.5 EER                                  12 EER
 8.5 HSPF                                  8 HSPF
 
Central Air Conditioners                    
Split System                     Package System
16 SEER                                   14 SEER
13 EER                                     12 EER
 
Geothermal Heat Pump (with desuperheater)   
Closed Loop                      Open Loop
14.1 EER                                  16.2 EER
3.3 COP                                    3.6 COP
 
Natural Gas Furnace                                          95% AFUE
Natural Gas Hot Water Boiler                            90% AFUE
 
Propane Furnace                                                95% AFUE
Propane Hot Water Boiler                                  90% AFUE
 
Oil Furnace                                                        90% AFUE
Oil Hot Water Boiler                                          90% AFUE

Advanced Main Air Circulating Fan (ECM)          
~ No more than 2% of furnace total energy use
* Geothermal tax credit is 30% with no maximum through December 31, 2016.