Posted by greene | Posted in Environmentally Conscious | Posted on 01-09-2009
Central AC (including split ductless systems)
Split System Requirements- Energy efficiency ratio (EER) of 13 or higher and seasonal energy efficiency ration (SEER) of 16 or higher.
Package System Requirements- EER of 12 or higher and SEER of 14 or higher.
Typical Costs Installed- Up to $5000, not including repairs or duct work changes. Get 3 FREE air conditioning quotes from qualified contractors with 1 click.
Furnace or Boiler
Requirements- Annual fuel utilization efficiency (AFUE) of 95 or higher for natural gas and propane furnaces. AFUE of 90 or higher for boilers or oil furnaces.
Typical Cost Installed- $2,000-$5,000 Click Here to Compare Gas Furnace or Boiler Installation Estimates
Geothermal Heat Pump (Closed loop, open loop and direct expansion)
Closed Loop Requirements- EER of 14.1 or higher. Coefficient of performance (COP) of 3.3 or higher.
Open Loop Requirements- EER of 16.2 or higher. COP of 3.6 or higher.
Direct Expansion Requirements- EER of 15 or higher. COP of 3.5 or higher.
Typical Cost Installed- $7,500 Click Here to Compare Heat Pump Estimates
Attic Insulation
Requirements- Must meet 2009 International Energy Conservation Code. Primary purpose must be to insulate.
Typical Cost Installed- $650-$1,500 Click Here to Compare Insulation Estimates
Wall Insulation
Requirements- Must meet 2009 International Energy Conservation Code. Primary purpose must be to insulate.
Typical Cost Installed- $700 Click Here to Compare Insulation Estimates
Water Heater (Gas, propane or oil. Electric units do not qualify)
Requirements- Energy factor of .82 or higher or thermal efficiency of at least 90%.
Typical Cost Installed- $1000-$1400 Click Here to Compare Water Heater Installation Estimates
Windows
Requirements- U-Factor and solar heat gain coefficient (SHGC) must both be .30 or less.
Typical Cost Installed- $700-$100 per window Click Here for Home Window Installation Estimates
Wood Pellet Stove
Requirements- Thermal efficiency of at least 75%.
Typical Cost Installed- $2300-$6000 Click Here for Stove Installation Estimates
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[...] Unlike tax deductions, tax credits directly reduce the amount of tax you owe. If the project involves renewable energy (solar, wind, geothermal), the cap is waived and the credit can be carried over to future years. I you are subject to the Alternative minimum tax, you might want to get your projects done in 2009 because the tax credits will be limited by the AMT in 2010 unless congress changes the law. To claim energy efficiency credits, you will need to file IRS FORM 5695 with your taxes for the year which the job was finished. Be sure to keep all manufacturer paperwork such as the Manufacturer’s Certification Statement as well as all receipts and itemized bills. Federal energy tax credits do not cover appliances, programmable thermostats, and room air conditioners but state governments as well as utility companies often offer rebates on such energy efficient models. Click Here for qualifying energy efficient improvements. [...]