Stimulus Tax Credit
Turn to the Experts for Money-Saving Comfort
There are a lot of reasons why homeowners nationwide
turn to the experts at Carrier for their indoor comfort
needs. Comfort. Innovation. Reliability. Carrier
Dealer/Experts. We have developed a worldwide reputation
for delivering superior indoor comfort technology that
truly stands out from the competition, including our
remarkable InfinityŽ System. In addition, we offer a
wide variety of products that not only meet the
requirements for the Federal Tax Credit for Residential
Energy Property Expenditures, they can provide years of
substantial savings on monthly energy bills.
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 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 apply to a variety of products
(including installation costs) such as windows, doors,
heating and cooling equipment and more. • The amount
of the credit is equal to 30% of the installed cost of
the qualifying products, up to a total of $1,500. •
If a qualifying purchase is not large enough to qualify
for the maximum credit of $1,500, the remaining
available tax credit can be claimed for additional
qualifying purchases.
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 $1,500 will reduce your tax bill
to only $500. Of course, be sure to check with your tax
adviser on how to best take advantage of the tax
credits.
Tax Credits Available in 2009 and 2010
To take advantage of the American Recovery and
Reinvestment Act of 2009 tax credits, you must purchase
your qualifying high-efficiency comfort system between
January 1, 2009 and December 31, 2010. Better yet, your
savings won't be limited to a one-time tax credit.
You'll continue saving every month with reduced monthly
cooling and heating bills. For more information, contact
us today!
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