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NOTE: Please talk to your CPA to ensure you may take advantage of any tax credits/deductions mentioned below. Heating Equipment Company is not a tax advisor and encourages you to seek professional advice.
Q: Does Intermountain Gas Co offer any type of rebates?
A: Yes. In a residential application, Intermountain Gas Co offers a $200 rebate for a first time installation of a high efficiency (90% or greater) furnace. This rebate does not apply to gas to gas change-outs (see the following website for details and conditions: http://www.intgas.com/infocenter/rebate.html ).
Q: Does Idaho Power offer any incentives?
A: Yes. In a residential application, Idaho Power offers various rebates depending on system (Air Source Heat Pump, Water Source Heat Pump, or Evaporative Cooler). Strict conditions need to be met (see the following website for details and conditions: http://www.idahopower.com/EnergyEfficiency/Residential/Programs/HeatingCooling/availIncentives.cfm ).
Q: Does Idaho Power offer incentives for commercial application?
A: Yes. In a commercial application, Idaho Power offers various incentives depending on application (see the following website for details and conditions: http://www.idahopower.com/pdfs/EnergyEfficiency/EasyUpgrades/worksheet_HVAC.pdf ).
Q: Idaho Power used to have an incentive program for high-efficiency air-conditioners. Is this still the case?
A: No. That particular program offer has ended.
Q: Are the $1,500 dollar Federal Tax credit program still available?
A: No. That particular program offer has ended. However, see the next question.
Q: Are there any Federal Tax credits available for upgrading my equipment? What are the maximum credits available?
A: Yes. The Middle Class Tax Relief Act of 2010 was recently signed into law and allows for the following
*Air Conditioning ($300)- 16.00 SEER and 13.00 EER minimimum efficiency.
*Heat Pumps ($300)- 15.00 SEER, 12.50 EER, and 8.50 HSPF minimum efficiency.
*Advanced main air circulating fan (Variable speed or CT) ($50)- 2% or less of furnace total energy.
*Furnaces ($150)- 95% minimum efficiency.
Q: Are there any Federal Tax credits that extend past 2011?
A: Yes. Geothermal, solar and others qualify for 30% with no cap through 2016. (see the following website for further information: http://www.energystar.gov/index.cfm?c=tax_credits.tx_index#c3). NOTE: Heating Equipment Company recommends talking to a tax expert or CPA regarding these tax incentives.
Q: Does Lennox offer any rebates?
A: Yes. Lennox Industries offers rebates on a variety of equipment during promotional periods.
Q. Is there a way to deduct the cost of my HVAC purchase as a medical expense?
A. It may be possible if the equipment purchase is a medical necessity (i.e. an air cleaner may be considered a medical necessity for someone with respiratory illness).
Q: Is there Idaho or Oregon State tax deductions available for certain products?
A: Yes (see the following website for further information: http://www.dsireusa.org/incentives/index.cfm?re=1&ee=1&spv=0&st=0&srp=1&state=ID).
Q: Are there any State of Idaho rebates available?
A: Yes, but only for a limited time. The Idaho Office of Energy Resources launched the Idaho State Energy Efficient Appliance Rebate Program on March 25th, 2010. These rebates are good for several different appliances including gas and oil furnaces, heat pumps, and others (see the following site for information and details: http://www.energy.idaho.gov/informationresources/d/2010_44.pdf ).