Tax Credits
Stimulus Tax Credits, Utility Rebates, and Factory Rebates
There are a lot of reasons why you should turn to the experts here at Cardinal Heating & A/C for all you indoor comfort needs. We have developed a reputation over the years for delivering superior indoor comfort that truly stands out from the competition. We offer a wide variety of products that meet the requirements for the Federal Tax Credits and Utility Rebates. This equipment will also save you money on your energy bills and help reduce your impact on the environment for years to come. See below for more information on how you can take advantage of these rebates. We strive to keep this information as up to date as possible but some of these programs can be changed without notice so for the most up to date list of rebates please Feel free to contact us for more information.
Federal Tax Credit
How the Program Works
As part of an effort to reduce dependence on foreign sources of energy, the "American Recovery and Reinvestment Act of 2009" and the "Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010" provides a tax credit to help offset the costs of making energy efficiency improvements to your home. Some key details of the program are as follows:
-
The tax credits can apply to a variety of heating and cooling equipment (including installation costs) such as Furnace and Air Conditioning systems, Heat Pumps, Geothermal Heating and Cooling Systems, Water Heaters, and Solar Water Heating Systems.
-
The amount of the credit varies depending on the equipment installed.
-
Qualifying Geothermal systems can receive a tax credit equal to 30% of the installed cost and there is no maximum cap for this credit. Click here to find out more about Climate Master Geothermal tax credits.
-
Qualifying Solar Water Heating systems can receive a tax credit equal to 30% of the installed cost and there is no maximum cap for this credit.
The Economic Advantage of Tax Credits
The reason many homeowners are so excited about this program is because tax credits, unlike deductions, are subtracted directly from the total amount you owe on your personal income taxes. For example, if you complete your tax return and calculate that you owe the IRS $2,000 a tax credit of $500 will reduce your tax bill to only $1500. Of course, be sure to check with your tax adviser on how to best take advantage of the tax credits.
2011 Utility rebates.
There are several utility rebates and incentives that may be available to you and we would be happy to help you figure out your qualifying rebates. Contact us today or take a look at some of the local utility rebate highlights below. The information contained below is for your convenience only, please contact one of our sales consultants for exact details and to see if you qualify.
More information for PSE electric customers (Rebate form)
More information for PSE natural gas customers (Rebate form)
More information for Seattle City Light Customers (Rebate form)
More information for Snohomish County PUD Customers
For PSE electric customers
Heating systems
-
Ductless heat pump (1.0 ton minimum): $800
-
Forced-air furnace to air-source heat pump conversion: $1,000
-
Air-source heat pump: $200 - $350
-
Heat pump sizing and lock-out control: $200
Water heating systems
-
Storage (.94 Energy Factor or higher): $50
Converting to natural gas
-
Home and water heating: $1,950 - $3,950
-
Home heating only: $500 - $2,500
-
Water heating only: $950
For PSE natural gas customers
Heating systems
-
ENERGY STAR qualified boiler (95 percent AFUE): $350
-
ENERGY STAR qualified forced-air furnace: $250
-
High-efficiency fireplace: $200
Water heating systems
-
ENERGY STAR qualified tankless: $150-$200
-
ENERGY STAR qualified storage: $50
For Seattle City Light Customers
Heating and cooling systems
- Qualified ductless heat pump system: $1200
For Snohomish County PUD Customers
Heating and cooling systems
-
Duct sealing and insulation: 50% of job cost up to $400
- Programable thermostat installation: $100% of job cost up to $50
-
Ductless heat pumps: 50% of job cost up to $800
-
Ducted heat pumps: 50% of job cost up to $1200
-
Geothermal heat pumps: 50% of job cost up to $2000
-
Geothermal heat pumps with dedicated hot water line: 50% of job cost up to $2500
Please contact us for more details. Although we strive to keep this information as up to date as possible this information is subject to change without notice.