Energy Tax Credits For Homeowners

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who purchase high-efficiency heating and cooling equipment may benefit from legislation recently signed into law. Last August, President Bush signed the Energy Policy Act of 2005. The act includes the homeenergy efficiency tax credit, which offers homeowners as much as $300 in tax credits with the purchase of qualified highefficiency heating, cooling and water-heating equipment. The legislation defines the type of equipment and the amountof the credit in this way: High-efficiency gas, oil and propane furnaces andboilers: $150 High-efficiency central airconditioning units, including airsource and ground-source heat pumps: $300 High-efficiency fans for heating and cooling systems: $50 High-efficiency water heaters, including heat-pump water heaters: $300. Manufacturers and retailers should be able to tell homeowners whether a specific product qualifies for a tax credit. Qualifying efficiencies identified in the bill include: Furnaces and boilers: Annual Fuel Use Efficiency (AFUE) of 95 or higher; Central air-conditioning units: Seasonal Energy Efficiency Ratio (SEER) of 15 and an Energy Efficiency Ratio (EER) of 12.5; e Air-source heat pumps: Heat- ing Seasonal Performance Factor The right type of high-efficiency central air-conditioning unit could earn you a $300 tax break. (HSPF) of 9 or greater, SEER of 15 or higher and EERof 18 or higher. In addition to providing tax savings, these high-efficiency products will make it easier for homeownersto reduce energy con- sumption and lower their energy bills. To qualify for the tax credits, homeowners will need to verify the efficiency of the equipment and the date when it was placed in service. The equipment must be installed between January 1, 2006 and December31, 2007. Coleman Heating and Air Conditioning products are marketed by the Unitary Products Group of York—a Johnson Controls Company. Coleman equipment meets the efficiency specifications set forth in the new energy bill. To learn more about the energy-efficient Echelon” Series of air conditioners, heat pumps and furnaces, visit www.colemanac.com/echelon or call (877) 874-7378.