THE FEDERAL ENERGY TAX CREDIT AND YOU
With the passage of President Obama's Economic Stimulus Bill,
homeowners may be eligible for a tax credit if they purchase
certain types of heating, ventilation and air conditioning (HVAC)
systems, water heating equipment, or make other energy-related
improvements to their homes between January 1, 2009 and December 31, 2011.
As a leader in producing energy-efficient home comfort solutions, American
Standard Heating and Air Conditioning offers many products that are
eligible under this law. Depending on the type of system or
product purchased, it is possible to qualify for a tax
credit of up to $500 on your 2011 income tax return.
Read on to learn how the government's tax credit
program works, which American Standard products
or systems are eligible and how to apply for a tax credit.
HOW DID THE TAX CREDIT COME ABOUT?
On February 17, 2009, President Obama signed the American Recovery and
Reinvestment Act (also known as the Economic Stimulus Bill) into law.
This legislation combines spending and tax incentives designed to get
the American economy moving again by investing in our nation's roads
and energy infrastructure, and by providing incentives for increasing
the efficiency and performance of America's homes and commercial buildings.
HOW DO I APPLY FOR A 2011 TAX CREDIT?
For qualified improvements, homeowners may be able to claim tax credits
equal to 10 percent of the installed costs (up to $500 maximum*).
The extended tax credit is in effect for all qualifying systems
and products installed during the 2011 calendar year and expires
on December 31, 2011. The tax credit applies as a direct reduction
of taxes owed. In the past, IRS has directed taxpayers to use Form
5695 (the Residential Energy Efficient Property Credit). It is
expected that the IRS will produce new rules related to the
recently enacted stimulus legislation, giving taxpayers further
guidance on claiming tax credits. To fully understand how the
new tax credit may apply to you and what you can do to obtain
one, you should consult with a tax professional. Subject to IRS
regulations. Customers should consult a tax professional for
advice on tax preparation.
HOW DO I LEARN MORE ABOUT AMERICAN STANDARD'S
ENERGY EFFICIENT SOLUTIONS?
American Standard is committed to meeting the needs of homeowners in a
very dynamic environment. Your local American Standard Heating & Air
Conditioning dealer can familiarize you with our broad range of
energy-efficient solutions. To find a dealer
near you,
click here.
WHICH PRODUCTS ARE ELIGIBLE?
Some, but not all, of American Standard Heating & Air Conditioning's products may qualify for the tax credit.
Click on one of the following links to see if your American Standard product or system qualifies:
Your local dealer can help you determine product model numbers if necessary.
To download and print
the government's summary of Energy Star products
that are are eligible for HVAC credits for
homeowners,
click here.
*$300 maximum for a qualifying air conditioning system, heat pump or packaged system, $150 maximum for a
qualifying furnace, and $50 maximum for a qualifying product with an advanced circulating fan.