30% up to $1,500.00 Tax Credit Stimulus

Energy Tax Credit Summary
The 2009-2010 Energy Tax Credit
With the passage of President Obama’s Economic Stimulus Bill, homeowners may be eligible for a tax credit if they purchase certain types of heating, ventilation and air conditioning (HVAC) systems consisting of select energy-related improvements to their homes between January 1, 2009 and December 31, 2010.
How did the tax credit come about?

President Obama signed into law the American Recovery and Reinvestment Act of 2009 on February 17, 2009  Resulting from this act, the federal government announced tax credits for consumers who purchase high-efficiency qualifying heating and cooling products for their homes.
Until December 31, 2010, select high-efficiency HVAC products will qualify for a tax credit equal to 30% of their installed cost, up to $1,500.00 maximum credit Some restrictions apply. Consult with your tax adviser to help you determine how these credits may apply to you.

Now is the time !! the perfect opportunity to upgrade your home with an High efficiency heating and cooling system  plus get a major tax break as well !

Call now for more details: TOLL FREE  1-866-999-COOL (2665)

ABOUT THE TAX CREDIT

How does the new economic stimulus affect me?
The American Recovery and Reinvestment Act of 2009 (ARRA) combines spending and tax incentives designed to invest in road and energy infrastructure, and increasing energy efficiency and performance of America’s homes and buildings. The law makes important changes to existing tax credits for qualified home improvements of higher efficiency air conditioning, heating and water heating equipment.

What’s the difference between a tax credit and a tax deduction?
A tax credit reduces the amount of income tax you have to pay. For example, if you owe $800 in taxes and have a $300 tax credit, then you will only owe $500. Or if you owe nothing, you’ll get a $300 refund.  This is only applicable to taxpayers – if you do not pay tax at all, you are not eligible for a tax credit.
A tax deduction reduces the amount of income subject to tax. For example, if your taxable income is $25,000 and you have a $500 tax deduction, your taxable income would be reduced to $24,500.  See the Energystar.gov FAQ for more information.

Am I still eligible to get instant rebates from Universal Air & Heat & it’s affiliates?
Yes!  You can still claim manufacturer rebates and FPL rebates in conjunction with your Federal Tax Credits and get INSTANT savings, as well as money off your taxes at the end of the year.

How do I claim the tax credit?
The IRS has directed taxpayers to use Form 5695 to claim the credit. After Universal Air & Heat installs your new air conditioning and heating system,you will need your invoice with model and serial numbers as well as an ARI Certificate witch can be retrieved at www.ari.org so you or your accountant will be prepared to claim your tax credit.

What is the amount of the new tax credit?
For the qualified home improvements, homeowners may be able to claim tax credits equal to 30% of the installed costs, up to a total of $1,500.

What is the time frame for the new tax credits?
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, not $1,500 each year.

Can I claim $1,500 in tax credits for improvements made in 2009 and again for improvements in 2010?
No.  Homeowners may only be eligible for a total of $1,500 in tax credits for improvements made in the combined two year period of 2009 and 2010.

What happens if the 30% of the installed costs is less than $1,500?
The homeowner can “bank” the remaining available tax credit for other qualified improvements. Any single installation that costs more than $5000 will instantly reach the $1,500 limit.

Does the tax credit apply to the cost of the equipment or equipment plus labor?
Yes, the credit applies to the installed costs of the qualified equipment, which includes labor.

QUALIFYING FOR THE TAX CREDIT

What can I do take advantage of the new energy tax incentives?
Homeowners can receive a substantial tax credit for home efficiency improvements on new high efficient air conditioners, heat pumps, furnaces, boilers and water heaters.  Additionally, new high efficiency windows and additional home insulation qualify.

Can I use the entire $1,500 tax credit on a single qualifying home improvement?
Yes. Previous per-appliance caps that limited homeowners to just $150 for a high efficiency furnace or $300 for a high efficiency central air conditioner or heat pump have been removed.

What if I previously claimed tax credits in 2006 or 2007?
Homeowners that previously claimed tax credits in 2006 or 2007 are eligible to claim the full $1,500 limit.

How do I know which specific equipment or improvements qualify for the tax credits?
There are a wide range of products available that qualify for the full tax credits. set up an appointment for a FREE consultation with a Universal Air & Heat Consultant who will review all the options available to you.  Or call Universal Air & Heat 1-866-999-2665

Can I claim the credit for improvements on a second home?
No. The tax credit is only available for improvement to the taxpayer’s primary residence.

Can modular or mobile homeowners qualify?
Yes.  As long as the improvements meet the qualifying criteria and the homeowner’s primary residence they may claim the tax credit.

For a FREE consultation on energy-efficient heating and cooling equipment for your home, call Universal Air & Heat to start saving now 1-866-999-2665