A/C TAX CREDIT

There are many tax deductions available, as part of the American Recovery and Reinvestment Act of 2009 (the "Stimulus Bill") for energy efficient upgrades made to your home. We are very excited to offer a full line of central and ductless air conditioning products that qualify for a 30% tax credit up to $1,500.00 off of the total installed cost. In order to qualify for the credit a new heat pump must be - Split Systems: HSPF >= 8.5 EER >= 12.5 SEER >= 15 Package systems: HSPF >= 8 EER >= 12 SEER >= 14 A new air conditioner must be - Split Systems: EER >=13 SEER >= 16 Package systems: EER >= 12 SEER >= 14 We have a full line of qualifying heat pump products from 2 tons to 5 tons to meet the needs of any home. We also offer qualifying Mitsubishi ductless systems that operate up to a staggering 25 SEER! At Kalos Services we can often couple this tax credit with other cash back offers, special discounts and power company rebates to get you the most value for your dollar. Also, because we are licensed in air conditioning, electrical and building we can do the entire job start to finish without bringing in sub-contractors. We give free estimates on replacement systems and we will match or beat any written proposal from a competitor on a matching system.

Here are answers to some frequently asked questions provided by energystar.gov Question Are installation costs covered by the tax credits?   Answer Installation costs ARE COVERED for:   HVAC (Heating, Ventilation and Air Conditioning) systems Biomass Stoves Water Heaters (including solar) Solar Panels Geothermal Heat Pumps Wind Energy Systems Fuel Cells   Question   Is the $1,500 tax credit available for each improvement? Can I get $1,500 for windows and another $1,500 for a new HVAC system? Can I get $1500 in 2009 and another $1500 in 2010?     Answer No, the $1,500* tax credit is a total combined credit for all tax years (2009 & 2010). So, basically you can spend up to $5,000 during this 2 year period on a single or multiple improvements, and get 30% or $1,500* back as a tax credit. If you get the entire $1,500 credit in 2009, then you can't get anything additional in 2010.   Question What forms do I need for the energy efficiency tax credits?   Answer To claim the tax credit for energy efficient products "placed in service" in 2009, you will need to file the 2009 IRS Form 5695 and submit it with your 2009 taxes (by April 15, 2010). Currently, only the 2008 version of IRS Form 5695  is available.  The 2009 version will be available late 2009 or early 2010.   Also save your receipts and the Manufacturer's Certification Statement for your records (both provided by Kalos Services). A Manufacturer’s Certification Statement is a signed statement from the manufacturer certifying that the product or component qualifies for the tax credit.

Question  If I am getting a refund on my taxes, can I still get the tax credit for energy efficiency home improvements?    Answer Most likely you can, as long as the total amount of income taxes that you have paid throughout the year (check your W2 for this amount) is more than the total amount of tax credits that you are claiming. These energy efficiency tax credits are technically "non-refundable" which means you can't get more money back from the government at the end of the year than you paid in income taxes throughout the year.   If you don't pay any taxes, then you can't get the credit   Question What's the difference between a tax credit and a tax deduction?   Answer 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.   A tax credit reduces the amount of tax you have to pay. For example, if you owe $800 in taxes at the end of the year, and you get a $300 tax credit, then you will only owe $500. If you are getting a refund at the end of the year, you can still most likely collect the entire tax credit, as long as the total amount of income taxes that you have paid throughout the year (check your W2 for this amount) is more than the total amount of tax credits that you are claiming. You generally can't get more money back from the government than you paid in income taxes with the exception being "refundable" tax credits, such as the Earned Income Tax Credit.   If you don't pay any taxes, then you can't get the tax credit for energy efficiency.   Question What is the maximum tax credit I can get  for the energy efficient home improvements?   Answer Many of the energy efficiency tax credits are limited to $1,500 combined total for 2009 and 2010. The $1,500 maximum tax credit covers insulation, windows & doors, roofs, HVAC, biomass stoves, and non-solar water heaters.   Question Do ductless central air conditioners (sometimes called mini splits) or ductless air source heat pumps qualify for the tax credit?   Answer Yes, as long as they meet the criteria. Central air conditioners must have a SEER of 16 or greater and an EER of 13 or greater. Air source heat pumps must have a SEER of 15 or greater, an EER of 12.5 or greater, and an HSPF of 8.5 or greater. Kalos offers two models that do qualify.   Visit these links for more information Click here to search for qualified equipment Click here for more information on the tax credits

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