Stimulus Tax Credit - Ductless Split Systems

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. Under the Toshiba-Carrier brand, we offer the broadest range of ductless split capacities that meet the requirements for the Federal Tax Credit for Residential Energy Property Expenditures..

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 has been extended through 2011. This 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 10% of the installed cost of the qualifying products, up to a total of $500.
• If a qualifying purchase is not large enough to qualify for the maximum credit of $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 $500 will reduce your tax bill to only $1,500. Some restrictions and limitations apply, so be sure to consult with your tax advisor about how these credits would apply in your situation.

Tax Credits Available in 2011

To take advantage of the Federal Energy Efficiency tax credits, you must purchase your qualifying high-efficiency Ductless Spit system between January 1, 2011 and December 31, 2011. 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 a Carrier dealer today.