update on tax credits?
Last Post 19 May 2009 06:21 PM by geo fan. 6 Replies.
Printer Friendly
Sort:
PrevPrev NextNext
You are not authorized to post a reply.
Author Messages
macalataUser is Offline
New Member
New Member
Send Private Message
Posts:35

--
29 Apr 2009 07:05 PM
Does anyone know if they have done anything with the tax credits to make them retroactive to last year?  Ie...those of us who installed at the end of 2008? The 2K cap was nice, but 30% is much better....
JBACC1103User is Offline
New Member
New Member
Send Private Message
Posts:28

--
29 Apr 2009 08:37 PM

I think it has to do with the 'in service' date, which would have to be after Jan 1, 2009.  Anyone?

It ain't easy being green....
Dan CGDUser is Offline
New Member
New Member
Send Private Message
Posts:37

--
30 Apr 2009 07:19 AM
I don't have any info on dates, though I just received some interesting info that some of you may want to review:

"On Friday afternoon I was asked to review a draft copy of an edited version of the Energy Star Program Requirements for Geothermal Heat Pumps by a representative of AHRI. This document had been edited with input from the water source industry. Once approved, the eligibility criteria will be changed substantially from Version 2 that was issued in 2001. The proposed changes include elimination of the water heating requirement in order to qualify as an Energy Star product, specifically including the ground heat exchanger as a part of the geothermal heat pump, and the addition of water to water categories for both open and closed loop water source products.

The proposed minimum efficiency requirements for closed loop water to air is 17.1 EER up from 14.1 and the COP has been raised from 3.0 to 3.5. In the open loop water to air category the proposed new minimum EER is 20.1 and the COP 3.8. The current requirement is 16.2 EER and 3.6 for the COP. No minimum requirements have been provided yet for the water to water systems.

Manufacturer warranty requirements will be two years parts and labor for the complete system and five years parts and labor for major components including the compressor, refrigerant expansion devices, reversing valves, air coils, and heat exchangers. It is the responsibility of the installer to warranty the earth loop installation for a period of two years. The document states: “Since the performance of the geothermal heat pump is significantly related to the design and installation of the ground heat exchanger, Partner must strive to ensure that the customer receives warranty protection for the integrity and performance of the ground heat exchanger for at least two years. Partner will inform all distributors and dealers of ENERGY STAR labeled geothermal heat pumps of the need for warranty protection for the customer. Partner will focus its ENERGY STAR marketing efforts in regions where contractors provide customer warranties.”

Comments from the DGX product section are due by Friday, May 1, 2009. The proposed date for implementation of Version 3 is September 1, 2009."

600rmkUser is Offline
New Member
New Member
Send Private Message
Posts:25

--
30 Apr 2009 11:55 AM
The energy star website was updated recently. You may be able to find some of your answers from the following website.

http://www.energystar.gov/index.cfm?c=products.pr_tax_credits
TechGromitUser is Offline
Advanced Member
Advanced Member
Send Private Message
Posts:634

--
19 May 2009 10:52 AM
The IRS Form 5695 hasn't been updated for 2009.  
BrockUser is Offline
Advanced Member
Advanced Member
Send Private Message
Posts:599
Avatar

--
19 May 2009 12:31 PM
On the radio this morning I heard mini split heat pumps with a "high" SEER do qualify, that of course was from a local HVAC and not a tax person...
Green Bay, WI. - 4 ton horizontal goethermal, 16k gallon indoor pool, 3kw solar PV setup, 2 ton air to air HP, 3400 sq ft
geo fanUser is Offline
Basic Member
Basic Member
Send Private Message
Posts:408

--
19 May 2009 06:21 PM
$500 for mini split heat pumps is what I heard
You are not authorized to post a reply.

Active Forums 4.1
Membership Membership: Latest New User Latest: croccohvacusa New Today New Today: 0 New Yesterday New Yesterday: 0 User Count Overall: 35027
People Online People Online: Visitors Visitors: 70 Members Members: 0 Total Total: 70
Copyright 2011 by BuildCentral, Inc.   Terms Of Use  Privacy Statement