• Be an Idaho resident
• Buy a new, qualifying ENERGY STAR appliance to replace a working appliance
• Pay Idaho sales tax on the purchase

FEDERAL Home Owners Tax Credits Information 2010

Get up to a $1500 Federal Tax Credit when replacing your heating and air conditioning systems with new energy star rated equipment.

Here is the actual details from the Fed

Title III: Department of Defense

Appropriates over $3 billion to the U.S. Armed Forces to invest in the energy efficiency of Department of Defense facilities.

Title IV: Department of Energy

Appropriates nearly $17 billion to the Energy Efficiency and Renewable Energy division of the Department of Energy for funding, among other things, Energy Efficiency and Conservation Block Grants and $5 billion for the Weatherization Assistance Program.

• Section 407: Increases the qualifying level for weatherization assistance and nearly triples the funding per unit dwelling from $2,500 to $6,500.

• Section 410: Directs the Secretary of Energy to make additional state energy grants to fund utility energy efficiency incentive programs and to assist in the state adoption and implementation of residential building codes, 2009 IECC and commercial codes, ASHRAE 90.1-2007. The Secretary is also directed to use funds to assist with energy efficiency retrofits of state buildings.

Title V: Financial Services and General Government Department of Treasury

Appropriates nearly $4.5 billion to convert GSA facilities to High Performance Green Buildings. This title also increases funding for Small Business Administration loans.

• Section 501: Reduces or temporarily eliminates fees associated with the 504 Loan Program and increases the SBA’s lending limits.

• Section 504: Provides refinancing options for Community Development lending which would apply to financed purchases or expansions of land, buildings, or equipment.

• Section 506: Does not appropriate, but provides authority to the Administrator to appropriate, if possible, to provide loans to small businesses that already have a qualifying loan and are experience severe financial hardship.

Title VII: Interior, Environment, and Related Agencies

Appropriates approximately $3 billion for the training of adult workers and youth, $750 million of which is targeted specifically for careers in energy efficiency and renewable energies.

Title VIII: Departments of Labor, Health and Human Services, and Education

Appropriates nearly $4.5 billion to convert GSA facilities to High Performance Green Buildings. This title also increases funding for Small Business Administration loans.

Title XII: Transportation and Housing and Urban Development

Appropriates $250 million to Housing and Urban Development for energy retrofits and green improvements to assisted housing.

Division B- Tax, Unemployment, Health, State Fiscal Relief and Other Provisions

Subtitle B, Energy Incentives, Part III:

• Section 1112: Quadruples limits on qualified energy conservation bonds to $3.2 billion.

• Section 1121 Extension and Modification of Credit for Non-Business Energy Property

o Increases existing residential efficiency credit from $500 to $1,500 for all of 2009 (retroactive) and 2010. Up to 30% of qualified energy efficiency upgrades to a cap of $1,500 to a primary residence is eligible for a credit.

o Eliminates lifetime limit meaning that any of the $500 credits claimed in 2006 or 2007 do not count against the $1,500 credit cap in 2009 and 2010.

o Eliminates product-specific credit caps.

o Qualifying HVAC and plumbing equipment is listed on the following page, courtesy of the Air Conditioning Contractors of America: