Energy Efficiency Tax Credit

The 2009-2010 Energy Tax Credit and You

Homeowners may be eligible for a tax credit if they purchase certain types of heating and cooling, (HVAC) systems, plus water heating equipment, or make other energy-related improvements to their homes between January 1, 2009 and December 31, 2010.

As a leader in producing energy-efficient home heating and cooling comfort solutions, American Standard Heating and Air Conditioning offers many products that are eligible under current law. Depending on the type of system or product purchased, it is possible to qualify for a tax credit of up to $1,500 on your 2009 or 2010 income tax return.

How do I apply for a tax credit?

For qualified heating and cooling improvements, homeowners may be able to claim tax credits equal to 30 percent of the installed costs (up to $1,500). The new tax credits are retroactive to January 1, 2009 and expire on December 31, 2010. The $1,500 limit is for all improvements made during the two-year term, rather than $1,500 each year. 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?

Were committed to meeting the needs of homeowners in a very dynamic environment. As your local American Standard Heating and Air Conditioning dealer we can familiarize you with our broad range of energy-efficient solutions.

Which products are eligible?

Some — but not all — of American Standard Heating and Air Conditioning’s products may qualify for the tax credit.¹ As your local dealer we can help you determine product model numbers if necessary.

¹ To download and print the government’s summary of Energy Star products that are are eligible for HVAC credits for homeowners, click here.