Qualifying Heating and Cooling products placed into service after December 31, 2008 and before January 1, 2010 are eligible for the credit allowed under Section 25C of the Internal Revenue Code as Qualified Energy Property. A taxpayer claiming credit for Qualified Energy Property should retain a copy of the Heating and Cooling products certification as part of the taxpayer’s records, along with the receipt from purchase. Taxpayers should consult with a tax advisor to determine what qualifies for a tax credit or refer to the rules of the Internal Revenue Code. Heating and Cooling products have many different combinations of equipment that can be included under the Emergency Economic Stabilization Act of 2008.

Division B- Tax, Unemployment, Health, State Fiscal Relief and Other Provisions
Subtitle B, Energy Incentives, Part III:

• Section 1121 Extension and Modification of Credit for Non-Business Energy Property (for residential replacements only)

Increases existing residential efficiency credit from $500 to $1,500 for all of 2009 (retroactive) and 2010. Up to 30% of qualified energy efficiency upgrades to a cap of $1,500 to a primary residence is eligible for a credit.

Eliminates product-specific credit caps.
Qualifying HVAC and plumbing equipment can be provided upon request.