2009-2010 Federal Stimulus
- Tax credits up to $1500 for HVAC products!
- Up to 30% of cost & installation of geothermal heat pumps!
February 16, 2009, President Barack Obama signed the American Recovery and Reinvestment Act of 2009 (ARRA). 
This is an economic stimulus law that combines spending and tax incentives designed to get the American economy moving by investing in our nation’s buildings.
Federal Incentives
Under the 2009 stimulus, those who purchase and install specific, efficient HVAC products, such as air conditioners with high SEER ratings or geothermal heat pumps, into existing homes can receive a tax credit for 30% of the cost, up to $1,500, for improvements "placed in service" starting January 1, 2009 through December 31, 2010 under the 2009 stimuluspackage. For geothermal heat pump installations, the credits can actually exceed $1500 and go up to 30% of the entire cost of procurement and installation!
What are the qualifying criteria for residential equipment?
- A natural gas, propane or oil furnace rated at 95.0% AFUE or higher.
- Any furnace equipped with an advanced main air circulating fan that uses no more than 2% of the total furnace total energy use.
- A central air conditioner that achieves the highest efficiency tier established by the Consortium for Energy Efficiency as in effect on January 1, 2009 (which is 16 SEER or higher, 13 EER or higher rating). Previously, the criteria were 15 SEER, 12.5 EER which is no longer valid.
- An electric air source heat pump that achieves the highest efficiency tier established by the Consortium for Energy Efficiency as in effect on January 1, 2009 (which is 15 SEER or higher, 12.5 EER or higher, 8.5 HSPF or higher rating). Previously, the criteria were 15 SEER, 13 EER, 9 HSPF as stated in the text of the legislation rather than being tied to the CEE highest efficiency tier level for electric air source heat pumps.
For more information on the rebates and what your family can save call South Air at 678-721-6992. We will send our comfort advisor to you home for a free evaluation and detailed information on new equipment that will not only qualify, but be more energy efficient to save you even more money.
