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Old 08-27-2009, 07:46 PM   #1
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Heat pump tax credit


My 10 year old heat pump compressor just bit the dust. Rather than put a compressor in the old unit, we decided to replace the whole thing with new/more efficient system. The HVAC contractor that we are dealing with tells me that to qualify for the tax credit the replacement unit HAS to be one with a gas furnace backup. I was under the understanding that an all electric split system could qualify if the efficiency ratings met criteria. Is the contractor right on this?

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Old 08-27-2009, 07:53 PM   #2
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Heat pump tax credit


Here is a link to the tax credit info

http://www.energystar.gov/index.cfm?...ts.tx_index#c3

I didn't think it applied to electric back up heat but, If the heat pump meets the requirements then you can get 30% up to $1500 tax credit.

So, lets say that the heat pump alone cost $5000 then you would quailify for the $1500.

But if it cost $4000 then you would get $1200

Have the installer break it down.

Hope this helps.

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Old 08-27-2009, 07:59 PM   #3
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Heat pump tax credit


Thanks Plumber101. If I understand you correctly, The tax credit would apply to the new outside unit but not the inside unit if it uses electric coils for back up?
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Old 08-27-2009, 08:55 PM   #4
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Old 08-27-2009, 09:13 PM   #5
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Heat pump tax credit


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Originally Posted by deejclow View Post
The HVAC contractor that we are dealing with tells me that to qualify for the tax credit the replacement unit HAS to be one with a gas furnace backup. Is the contractor right on this?
Rubbish!
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Old 08-27-2009, 09:23 PM   #6
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Rubbish!

Can you provide some info to support your claim of " Rubbish "
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Old 08-27-2009, 09:48 PM   #7
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Can you provide some info to support your claim of " Rubbish "
http://www.energystar.gov/index.cfm?...ts.tx_index#c3
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Old 08-27-2009, 09:58 PM   #8
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Nothing there about electric heat. It's the heat pump that is covered with a qualifing HSPF and not the electric heating strips. Now if a Fossil fuel furnace is connected to a HP with a qualifing AFUE then the furnace is covered. I believe the tech is right.
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Old 08-27-2009, 10:13 PM   #9
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Heat pump tax credit


The outside condenser (AC or heatpump) qualifies if it meets the SEER/EER requirements. You don't need a gas furnace to get this. As most high efficiency heatpumps cost $5000 or more installed, you'll hit the $1500 (30% of $5000) cap before you even start talking about the backup heat source. In any event, I interpreted the OPs post as saying "you don't qualify for any credit unless you have gas backup", which sounds like a hard sell of an expensive dual fuel setup to me.

I think we are both saying the same thing - if the heatpump costs $4000 then you get $1200 credit. If you spend an additional $4000 on a 95% efficiency gas furnace backup get get an extra $300 credit. Doesn't sounds like a good deal to me (spending $4000 to get $300)! In reality, I don't know of any locales where you can get a qualfying heatpump and a qualifying furnace installed for $8000 (certainly not where I live)!
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Old 08-27-2009, 10:18 PM   #10
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Yes sir we are saying the same thing..just in different tunes.
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Old 08-28-2009, 12:30 AM   #11
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PM me for more info
I can't PM you. As a new member the forum doesn't yet give me that capability.

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