Summary of Important HVAC-related Tax Credits

HVAC Tax Credits in the 2009 Stimulus

Expanded Geothermal Tax Credits

Homeowners who install geothermal heat pump systems may be able to claim up to 30% of the installed costs in tax credits in the year the system is placed into service. the $2,000 tax credit limit has been removed. The geothermal tax credit has a longer term, form January 1, 2009 and expires December 31, 2016.

Lifetime Limit Removed

Homeowners that previously claimed tax credits in 2006 or 2007 are eligible for the full $1,500 limit.

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