Day Heating and Cooling Resources
Rebates
Other utility rebates may be available depending on your equipment and your utility company. Some rebates are available for as long as funding lasts so make sure to speak to your Day Heating representative to find out about all the incentives and rebates that are available to you.
2011 Federal Tax Credits Available for Qualifying Residential Systems
Federal tax credits available in 2009 and 2010 on qualifying high-efficiency HVAC equipment were modified and extended through December 31, 2011 by the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. This program differs from the program effective in 2009-2010 in the following ways:
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The maximum amount an eligible homeowner may receive in tax credits for “residential energy property” will be reduced from $1,500 to $500. The cap is on the total amount of credits a homeowner may claim for purchases between 2006 and 2011, not just for 2011. If a homeowner has already claimed credits of $500 or more through this allowance, they will be unable to claim new credits for improvements made during 2011.
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All furnaces and boilers, whether natural gas, propane or oil, must have an AFUE of 95 or above to be eligible for the credit.
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The credit is no longer 30% of qualified residential energy property costs (including labor), but is now equal to 10% of eligible cost with an amount not to exceed:
Maximum Tax Credit Available |
Product Type |
Efficiency Requirements |
$ 50 |
Any advanced main air circulating fan |
*See below |
$150 |
Natural gas, propane, oil furnace or boiler |
95% AFUE |
$300 |
Split system air conditioner |
16 SEER / 13 EER |
$300 |
Split system heat pump |
15 SEER / 12.5 EER / 8.5 HSPF |
$300 |
Package air conditioner |
14 SEER / 12 EER |
$300 |
Package heat pump |
14 SEER / 12 EER / 8 HSPF |
$300 |
Package gas / electric |
14 SEER / 12 EER |
No Cap |
Geothermal (Closed Loop) |
EER ≥ 14.1 / COP ≥ 3.3 |
No Cap |
Geothermal (Open Loop) |
EER ≥ 16.2 / COP ≥ 3.6 |
*Electricity use of no more than 2% of the total energy use of the furnace.
2011 State Tax Credits Available for Qualifying Residential Systems
Many tax credits are scheduled to change at the end of 2011 – please consult your personal tax professional to determine your current or future eligibility.
Many of the credits have detailed requirements that could not be listed here in their entirety. Please see http://www.oregon.gov/ENERGY/RESIDENTIAL/residential_energy_tax_credits.shtml for detailed requirements.
Maximum Tax Credit Available |
Product Type |
Efficiency Requirements |
$ 340 |
Tankless water heaters |
82% AFUE |
$300 |
Split System Air Conditioner |
Rebate tiered based on EER efficiencies between 13 and 15 |
$430 |
Split system heat pump |
Rebate tiered based on HSPF efficiencies between 9 and 10, and EER efficiencies between 12 and 13 |
$350 |
Gas furnace |
94% AFUE, ECM fan motor and ducted outdoor combustion air |
$400 |
Ductless heat pump |
$50 per half ton, inverter technology compressor, installation by factory trained technician |
$900 |
Geothermal (Closed Loop) |
Rebate tiered based on unit capacity, 3.3 COP |
$0 |
Geothermal (Open Loop)** |
Does not qualify |