CURRENT TAX CREDIT & REBATE INFORMATION
FEDERAL
The current federal tax credit provides homeowners with a 30% tax credit, up to $1500 on Energy Star rated HVAC equipment including air source heat pumps, central air conditioning, boilers (gas, oil and propane), furnaces (gas, oil or propane), and non-solar water heaters. Please note, NOT all Energy Star qualified products qualify for the tax credit. Homeowners are eligible for the federal tax credit through 12/31/2010.
Geothermal & solar energy systems qualify for a 30% tax credit with no cap, and run through 12/31/2016.
For more details on the 30% residential tax credit and to see equipment qualifications, please click here. You can find IRS Form 5695 to claim the residential energy credit on 2009 taxes to the right.
Commercial buildings also qualify for a federal tax incentive. A tax deduction of up to $1.80 per square foot is available to owners or designers of new or existing commercial buildings that save at least 50% of the heating and cooling energy of a building that meets ASHRAE Standard 90.1-2001. Partial deductions of up to $.60 per square foot can be taken for measures affecting any one of three building systems: the building envelope, lighting, or heating and cooling systems. These tax deductions are available for systems placed in service from January 1, 2006 through December 31, 2013. More information on federal deductions for commercial buildings can be found here.
STATE AND LOCAL
For the most up to date information on state and local incentives, please visit www.dsireusa.org. Click on Pennsylvania and you’ll see a list of local rebate, grant and loan programs for both commercial and residential properties.
PA Home Heating Equipment Rebate Program - Starting April 21, 2010, residents of Pennsylvania will be eligible to receive rebates for the purchase of qualifying high efficiency home heating equipment. Qualifying products will be non-electric ENERGY STAR-qualified water heaters, furnaces, and boilers. Click Here for the program brochure.
UPDATE: As of August 2, the home heating program has INCREASED their rebate amounts! For your convenience, HVAC has put together a flyer with all of the new rebate amounts. You can download it here.
UTILITY COMPANY REBATES I RESIDENTIAL & COMMERCIAL
Current Pennsylvania utility companies participating in rebate programs include Allegheny Power, PECO and PP&L. For a complete list of state and local residential programs, click here.
Allegheny Power Watt Watchers Program
Residential Rebate Program – Homeowners can receive up to $200 back on their new central air or heat pump purchase.
PECO Residential Programs & Rebates
Smart Home Rebates – Homeowners can receive a rebate up to $400 for qualifying HVAC equipment installed between July 1, 2009 and May 31, 2011.
Smart Gas Efficiency Upgrade – Upgrade your homeowner to a high efficiency furnace, boiler or water heater and they could receive a rebate up to $300.
Smart Natural Gas Conversion – Convert your homeowner to a natural gas furnace or boiler, and they could be eligible for a $200 rebate.
PECO Commercial Programs & Rebates
Smart Equipment Incentives – PECO offers financial incentives for retrofits that incorporate energy efficient measures for all major end uses. These incentives can help small businesses, commercial and industrial facilities, government, institutions and non-profit organizations.
Smart Gas Efficiency Upgrade – Earn a $300 rebate by installing a high efficiency natural gas furnace or boiler.Smart Natural Gas Conversion – Businesses may be eligible for equipment credits when converting to natural gas from another heating fuel.
PPL Residential Rebates & Incentives
Residential Rebate Program - Homeowners can receive up to $400 back on their new central air or heat pump purchase.
PPL Commercial Rebates & Incentives
Commercial Rebate Program – Rebates are available for a wide range of products such as central air conditioners, chiller pipe insulation, cooling tower fan motors, air source heat pumps and more! |
