American Recovery and Revitalization Act of 2009
Homeowners can claim up to $1,500 on qualifying Daikin Heat Pump Systems installed now until December 31, 2010!
| Qualifying Daikin Heat Pump Models | AHRI Certified Ratings | ||||
|---|---|---|---|---|---|
| Daikin System | Outdoor Unit | Indoor Unit | SEER | EER | HSPF |
| Quaternity | RXG09HVJU | FTXG09HVJU | 22.0 | 15.8 | 11.0 |
| RXG12HVJU | FTXG12HVJU | 22.0 | 14.0 | 10.6 | |
| RXG15HVJU | FTXG15HVJU | 21.0 | 12.9 | 10.0 | |
| Duct-Free Split System | RXS09JEVJU | FTXS09JEVJU | 18.0 | 12.5 | 10.0 |
| RXS12JEVJU | FTXS12JEVJU | 18.0 | 12.5 | 10.0 | |
| 2-Port Multi System | 2MXS18GVJU | Non-Ducted Indoor Unit | 19.5 | 12.6 | 9.2 |
| 3-Port Multi System | 3MXS24JVJU | Non-Ducted Indoor Unit | 16.6 | 12.5 | 9.0 |
On February 17, 2009, President Obama signed The American Recovery and Reinvestment Act of 2009, a stimulus bill that significantly enhanced energy efficiency tax credits available for homeowners in the tax years, 2009 and 2010.
Homeowners can claim 30% of the costs (up to a $1,500 limit) for the installation of higher efficiency equipment, including air source heat pumps. The tax credit applies to the installed costs of the qualified equipment, which includes labor. Homeowners may only claim $1,500 in total for any energy efficient improvements and can choose to use the entire credit toward the installation of one appliance.
Tax credits reduce the amount of income tax homeowners owe. Unlike a deduction, which reduces the amount of income subject to tax, a tax credit directly reduces the tax itself.
When claiming the tax credit, homeowners should review the final rules and forms developed by The Internal Revenue Service (IRS) to clarify which products and services qualify for the tax credits. For more information on obtaining the tax credit, click here, or visit the Air-Conditioning, Heating, and Refrigeration Institute (AHRI) at AHRINET.org and click on the 2009 Energy Efficient Tax Credits.
Some Additional Information Homeowners Need to Know
- The equipment must be "placed in service” between February 17, 2009 and December. 31, 2010.
- The equipment must be installed in the taxpayer’s principal residence.
- The equipment must have a Manufacturer Certification Statement to qualify.
- For record keeping, save your receipts and the Manufacturer Certification Statement.
- Improvements made in 2009 will be claimed on your 2009 taxes (filed by April 15, 2010)
- Homeowners should use IRS Tax Form 5695 (2009 version), click here to download
Download the following documents: