How Do You Qualify A Furnace For Residential Energy Credits?
If you purchase a qualifying furnace, you might be eligible for a residential energy tax credit of up to $1,500 as detailed in The American Recovery and Reinvestment Act of 2009. The purchase must be made between January 1, 2009 and December 31, 2010 and the furnace must qualify as being energy efficient. The furnace must be purchased for your principal residence. Prior to purchasing your furnace, visit Energystar.gov and IRS.gov to find out what furnaces will qualify as being energy efficient. Generally, natural gas, propane or oil furnaces with at least 85 percent Annual Fuel Utilization Efficiency (AFUE) will qualify. Once you purchase your furnace, keep all related receipts, including those for labor costs. Find a reputable contractor to install your furnace. Ask friends and family for referrals. Ask potential contractors for customer references, then contact the customers. Inform your contractor ahead of time of your furnace make and model, as well as the size of the room it will
