INCENTIVES
GEOTHERMAL HEAT PUMPS NOW EARN 30% NO-CAP TAX CREDIT
The $787 billion Economic Recovery Bill, officially titled the American Recovery and Reinvestment Act of 2009, removed the previous cap on the 30% investment tax credit afforded to geothermal heat pump installations in non-business properties. The new law puts geothermal heat pumps on a level playing field where fossil fuel companies have received depletion allowances or production tax credits for many years! There are now improved opportunities for the sale and installation of EarthLinked equipment in the U.S. as the new law offers a tax incentive to use clean renewable energy.
A tax credit of 10% of the total investment is also available without a maximum credit limit for commercial installations.
YOU CAN CLAIM UP TO A $1,500 TAX CREDIT WHEN YOU PURCHASE: Central Air Conditioning: a split system with a SEER of 16 or higher and an EER of 13 or higher; packaged systems with a SEER of at least 14 and an EER of at least 12.
Heat Pumps: 15 SEER or higher and an EER of 12.5 or higher for split systems; 14 SEER or higher and an EER of 12 or higher for packaged systems.
Natural Gas Systems: a furnace with an AFUE of at least 95%; a boiler with an AFUE of at least 90%.
Producto Category | Producto Type | Tax Credit Specification | Tax Credit | Notes | | HVAC | Central A/C | Split Systems: EER>=13 SEER>=16 Package systems: EER>=12 SEER>=14 | 30% of cost, up to $1,5002 | For a list of qualified products, go to the Consortium for Energy Efficiency product directory  , click on Air Conditioners, then in the "CEE Tier" enter "Residential Advanced Tier 3" for CAC Split Systems, and "Residential Tier 2" for CAC Package Systems and ASHPs. Note - not all ENERGY STAR products will quality for the tax credit. View ENERGY STAR criteria. | Air Source Heat Pumps | Split Systems: HSPF>=8.5 EER>=12.5 SEER>=15 Package systems: HSPF>=8 EER>=12 SEER>=14 | 30% of cost, up to $1,5002 | Natural Gas or Propane Furnace | AFUE>=95 | 30% of cost, up to $1,5002 | For a list of qualifying products go to the Gas Appliance Manufacturing Association Not all ENERGY STAR products will qualify for the tax credit. View ENERGY STAR criteria. | | Oil Furnace | AFUE>=90 | 30% of cost, up to $1,5002 | | Gas, Propane, or Oil Hot Water Boiler | AFUE>=90 | 30% of cost, up to $1,5002 | | Advenced Main Air Circulating Fan | No more than 2% of furnace total energy use | 30% of cost, up to $1,5002 | | Water Heaters | Gas, Oil, Propane Water Heater | Energy Factor>=0.82 or a thermal efficiency of at least 90% | 30% of cost, up to $1,5002 | Not all ENERGY STAR gas storage and gas condensing water heaters will qualify for the tax credit. All ENERGY STAR gas tankless midels will qualify. All ENERGY STAR gas tankless water heaters will qualify. View ENERGY STAR criteria for water heaters. For a partial list of qualifying products go to the Air Conditioning, Heating, and refrigeration Institute (AHRI) | | Electric Heat Pump Water Heater | Same criteria as ENERGY STAR: Energy Factor>=2.0 | 30% of cost, up to $1,5002 | All ENERGY STAR electric heat pump water heaters qualify for the tax credit. | Geothermal Heat Pump | Geothermal Heat Pump | Same criteria as ENERGY STAR: Closed Loop: EER>=14.1 COP>=3.3 Open Loop: EER>=16.2 COP>=3.6 Direct Expansion: EER>=15 COP>=3.5 | 30% of the cost. | All ENERGY STAR geo-thermal heat pumps qualify for the tax credit. Use IRS Form 5695  Must be “placed into service” before December 31, 2016. |
 Special Summer Consumer Rebate Program! Up to $300 on Select Residential Models! | | | | |
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In support of Mitsubishi's summer television advertising campaign, Mitsubishi is pleased to offer consumers up to a $300 rebate on some of their best selling Mr. Slim residential models. Mitsubishi has had a great response to their new TV campaign which includes mention of the federal tax credit. To help incentivize consumers further, Mitsubishi is remming a rebate direct to the consumer from June 15 through July 31. Rebates are available on the following systems:
System Rebate
MSA09WA $75 MSZA09NA $200
MSZFD09NA $150 MSA12WA $75
MSZA12NA $200 MSZFD12NA $150
MSYA17NA $200 MSYA24NA $200
MSYD30NA $250 MSYD36NA $300
In order to quality for a rebate, the consumer must purchase and install the equipment between June 15 and July 31, complete the rebate form, and provide all of the required documentation, including a copy of the invoice from the contractor showing purchase date, model number, date of installation and serial numbers of the systems. Please visit the following link in order to see the full program details at www.mrslim.com/rebate. Note the following requirements:
- Consumers may apply for multiple rebates for mutiple qualified systems purchased.
- Rebate applies to complete systems listed only.
- Multi Zone systems are not eligible for this rebate promotion.
Mitsubishi's TV campaign is off to a great start and the rebate program will drive an even stronger response. ABCO Refrigeration and Mitsubishi encourage dealers to actively promote this rebate program along with the Federal Tax Credit as a call-to-action for local advertising. Advertising materials can be downloaded by Diamond Dealers from Mitsubishi's extranet. As always, if you have any questions do not hesitate to contact your local ABCO Refrigeration Sales and Branch Teams.