Carney Plumbing Heating & Cooling Blog : Posts Tagged ‘Tax Credits’

Energy Efficiency Tax Credits Extended for 2011

Wednesday, December 29th, 2010

Good News! The tax credit for energy-efficient home improvements has been extended for another year.

However, the tax credit will be less in 2011 than it was in 2010 and 2009 – so if you can purchase your energy-efficient appliances now, you should!

For 2009 and 2010, a taxpayer can take a total of 30% of the value of energy-efficient home improvements, up to a maximum of $1500 for both years combined. For 2011, the tax credit is offered for only 10% of the cost of energy-efficient home improvements, up to a maximum of $500.

Other restrictions also apply for 2011. Certain appliances have their own maximum credit amount. For example, you can only get up to $300 for a water heater. Efficiency requirements have increased as well in certain cases – for example, gas boilers must now be 95% efficient. Tax credit requirements for gas furnaces remains at 95%, as it has been for the last two years.  This means that not all Energy Star appliances will qualify.

And, if you claim credits in 2009 or 2010, they count against the $500 maximum for 2011. If you’ve already taken more than $500 in tax credits, you can’t claim anything more in 2011.

Remember, too, that the tax credits are only for improvements to an existing home that is your principal residence. New construction and rentals don’t qualify.

If you’ve been thinking of upgrading to more energy-efficient equipment, don’t make it a New Year’s resolution: do it now!

But procrastinators take heart: even if you don’t get around to buying until next year, you’ll still get some benefits.

215.346.7160

215.346.7160

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Heating system rebates up to $3,500 – now through December 31st!

Thursday, December 2nd, 2010

Have you taken advantage of the Federal Tax Credit yet?  What are you waiting for?  This is the FINAL MONTH to save thousands of dollars when you replace your old, less efficient home heating system with a new, energy saving, high efficiency heater!  If you replace your natural gas, propane gas or oil heating system with a qualifying system by December 31st the Federal Government is providing a tax credit up to $1,500!*

The year-end incentives don’t stop there!  In addition to the tax credit, manufacturer rebates of up to $1,000 on new heating systems and air conditioning systems are available now through December 31st.  Combine these two incentives and you’re saving up to $2,500 by simply having Carney Plumbing, Heating and Cooling replace your old, less efficient heater and air conditioner with a new, energy saving system.

In addition to the money you’re saving through the rebate offers, modern high efficiency heating and air conditioning systems save hundreds of dollars each year in energy usage and come with FULL 10 YEAR PARTS & LABOR WARRANTIES.
Call us today at 215.346.7160 to schedule your FREE, in-home consultation!  Don’t forget- these rebates are only available until December 31st.

The rebates don’t stop there!  We would like to offer you even more savings!  Carney Plumbing, Heating and Cooling now has a coupon allowing for an instant $400 off of your purchase of a new heater and air conditioner!  Click here for the coupon!

Finally, utility providers such as PECO and PP&L are offering rebates up to $700 for high efficiency furnaces, heat pumps and air conditioners.

Families across Pennsylvania are taking advantage of the Rebate Programs.

As you can see, the savings really add up if you act now, but this opportunity will not last!  Don’t wait until after December 31st to have your new heating system installed, because missing this deadline will cost you savings of up to $3,500!!!  Call Carney today to schedule your FREE in-home consultation and take advantage of these unprecedented incentives before the year is over and these offers expire!

*Consult your tax preparer for personal eligibility concerning tax credit.

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Top Ten Reasons to Love Geothermal Heating and Cooling Systems

Wednesday, November 3rd, 2010

Here at Carney Plumbing, Heating & Air Conditioning, we’ve been installing geothermal systems for more than a year now. Our entire team is really enthusiastic about them. Our customers rave about the savings and comfort that they get when they upgrade to a geothermal heating and cooling system, and we’re excited to bring this leading-edge technology to the residential consumer.

Geothermal requires an upfront investment, but it’s worth it! Here’s why we love it:

Geothermal offers great green savings for your family!

 

  1. 70% of the energy used by a geothermal system is renewable (using the earth’s own heat). The rest comes from electric power. A geothermal system makes a huge difference in your carbon footprint.
  2. You’ll never buy foreign oil again. In fact, you’ll never buy oil again, period. One of our first geothermal customers had been burning 5-6 tanks of oil a year (1400-1600 gallons). After installing an all-electric geothermal system, not only did he have no more oil bills, but his overall electric bill was reduced too.
  3. Like to buy local? You can’t get more local than geothermal – 70% of your heating and cooling energy comes from right underneath your feet.
  4. You will increase your home’s safety by not storing fossil fuel on the premises.
  5. You’ll be much less affected by volatility in fuel prices. Remember the high oil prices of a couple of years ago? Consumers in southeastern Pennsylvania may soon see a similar increase when local utilities are deregulated in January 2011 – anywhere from 10% to 40%. With a geothermal system, you’ll feel spikes in energy prices much less.
  6. You can get rid of your old, high-maintenance oil-burning heater and replace it with new, long-lasting geothermal equipment that is designed to last for 20 years.
  7. All of our geothermal customers report that they are now more comfortable in their homes.
  8. Geothermal systems are ultra quiet. They’re installed inside (generally in a basement) so there are no noisy outdoor units.
  9. Federal tax credits for conventional heating systems will run out at the end of 2010, but tax credits for geothermal systems will last until 2016. Also, local utilities frequently offer rebates on geothermal systems.
  10. Carney’s offering a $300 discount on all geothermal heat pump systems!

Our own Kevin Carney was recently interviewed on ACHR. Check out the audio podcast to hear more about his experiences with geothermal systems and his commitment to quality geothermal installations:

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Pennsylvania Home Heating Rebates!

Friday, August 20th, 2010

Effective August 2, 2010 – the second phase of the Pennsylvania Home Heating Rebate Program has enhanced the monetary rebates provided by the Commonwealth to homeowners who replace their current, less efficient home heating systems and water heaters with new high efficiency, energy saving models!  The new ceiling for natural gas, propane gas and oil heating systems is now $1,000 (a $500 increase over the previous amount)!  Additionally, the Commonwealth has increased the rebate for Energy Star Qualified water heaters to $250 for tank style water heaters and $300 for tankless water heaters!

Families across Pennsylvania are taking advantage of the PA Home Heating Rebate Program.

Families across Pennsylvania are taking advantage of the PA Home Heating Rebate Program.

Details on qualifying models, updates on the programs and other information can be found at the Pennsylvania Home Heating Rebate Qualifying Products Page.

Carney Plumbing, Heating & Cooling continues to install dozens of tankless water heaters and home heating systems that qualify for these rebates and the Federal Tax Credit (up to $1,500) every week!  These two rebates alone save homeowners $2,500 towards the replacement of their older, less efficient heaters.

BUT ACT NOW! As of August 20th, the funding for this program was nearly 1/3 exhausted, additionally – the Federal Tax Credit is scheduled to expire on December 31st and there are no current plans to extend it.  Call Carney today at 215.346.7160.

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Carney PHC Featured in Intelligencer

Tuesday, July 27th, 2010

Carney Plumbing, Heating & Cooling was recently profiled in The Intelligencer as part of their “Going Green” series that appears each Monday in the print version of the paper as well as on line.

Kevin Carney with a geothermal heat pump days before it was installed in Bucks County.

Kevin Carney with a geothermal heat pump days before it was installed in Bucks County.

The article highlights several of the Federal, State and Utility rebate and credit programs that financially aid homeowners who choose to install “green” energy saving appliances.  In this case Carney was contacted to provide insight on how these rebates have effected the decisions that homeowners are making when replacing heating and air conditioning systems.

A photo of the owner of Carney PHC, Kevin J. Carney, was taken standing next to a geothermal heat pump that was installed in a Bucks County home days after the photo was taken.  This homeowner will enjoy a reduction in their income taxes that will equal 30% of the cost to replace an aging oil heating system with an ultra-efficient geothermal heat pump system that will reduce heating, cooling and hot water costs up to 70%!

Call Lisa at 215.346.7160 to schedule a free consultation regarding geothermal heat pump systems.

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