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  1. #1
    Join Date
    Jun 2007
    Location
    Denver metro
    Posts
    7

    Confused New tax credits for 80% variable speed????????

    I am having a hard time getting a good answer, if a furnace has a variable speed motor aka "advanced main air circulating fan w/less 2% energy use" , but is only 80% AFUE that had a $50 tax credit in 2007 and came back in 2009 is now 30% of cost up to $1500? The energy star web seems to say yes, but none of the manufactures (Goodman/Amana, Trane) are sure yet. Does anybody know for sure yes or no.

  2. #2
    Join Date
    Jul 2007
    Location
    Jacksonville, Fl
    Posts
    219
    95% gas furnace and above,
    Sorry 80% is a no go.

    next the truth to the Weatherization Deal,
    you want to look, how much you made this year.
    and what your taxes paid or received was.
    Next
    take 1500 dollars off your total submitted IRS salary and see what the difference of taxes paid or received would be.

    If you are like me, it doesn't make a difference. If you are lucky you may get a couple bucks back but it won't be 1500 cash back!
    It's a Tax Credit. so it just take a sliver off your income earned.

    We be fooled! This Stimulus Weatherization package really doesn't add to much for most of us.

  3. #3
    Join Date
    May 2006
    Location
    Ohio USA
    Posts
    32
    My understanding is that before the "stimulus bill" the 2009 credit was "advanced main air circulating fan was worth $50.00 and a 95% was $150.00. Thats all changed now.
    Last edited by jban; 03-05-2009 at 09:00 PM.
    The hardest thing is to weed out potential pita customers at first meet. You can save $$ sometimes by not making a sale.

  4. #4
    Join Date
    May 2006
    Location
    Ohio USA
    Posts
    32
    Here we go again. Its a tax credit. When doing your taxes you look up how much tax is due based on income less deductions (taxable income). Now you subract credits from that amount of tax due. Make sure tax due is was least 1500. The credit only lowers that tax due amount. You will not get more back if you didnt owe it. And yes I was told today any variable speed furnace will qualify -80 or 95%. Certifcates available on ari web site.
    Last edited by jban; 03-05-2009 at 08:58 PM.
    The hardest thing is to weed out potential pita customers at first meet. You can save $$ sometimes by not making a sale.

  5. #5
    Join Date
    Jun 2007
    Location
    Denver metro
    Posts
    7
    Quote Originally Posted by ClassicDave View Post
    95% gas furnace and above,
    Sorry 80% is a no go.

    next the truth to the Weatherization Deal,
    you want to look, how much you made this year.
    and what your taxes paid or received was.
    Next
    take 1500 dollars off your total submitted IRS salary and see what the difference of taxes paid or received would be.

    If you are like me, it doesn't make a difference. If you are lucky you may get a couple bucks back but it won't be 1500 cash back!
    It's a Tax Credit. so it just take a sliver off your income earned.

    We be fooled! This Stimulus Weatherization package really doesn't add to much for most of us.
    The thing is if you go to the energy star web site: http://www.energystar.gov/index.cfm?...tax_credits#c3 and look under advanced main air circulating fan it does not say anything about a AFUE rating, this web site has been update in the last 2 days. If 80% do not meet the standard then where is the info on the $50 tax credit gone too?? Is it still $50 or zero then??

  6. #6
    Join Date
    May 2006
    Location
    Ohio USA
    Posts
    32
    Quote Originally Posted by Not today View Post
    The thing is if you go to the energy star web site: http://www.energystar.gov/index.cfm?...tax_credits#c3 and look under advanced main air circulating fan it does not say anything about a AFUE rating, this web site has been update in the last 2 days. If 80% do not meet the standard then where is the info on the $50 tax credit gone too?? Is it still $50 or zero then??
    A taxpayer purchasing a replacement gas or oil furnace incorporating an “advanced main air-circulating fan” may claim a tax credit regardless of the furnace’s AFUE rating.
    Last edited by jban; 03-05-2009 at 09:01 PM.
    The hardest thing is to weed out potential pita customers at first meet. You can save $$ sometimes by not making a sale.

  7. #7
    Join Date
    Jul 2007
    Location
    Jacksonville, Fl
    Posts
    219
    The thing is and someone may answer the question, what is exactly a Advanced Main Air Circulating Fan? To me it is not a variable Speed Fan Motor in a Furnace.
    I could be wrong though.

    When you look up Natural Gas/Propane furnaces, It says = > 95%

  8. #8
    Join Date
    May 2006
    Location
    Ohio USA
    Posts
    32
    The hardest thing is to weed out potential pita customers at first meet. You can save $$ sometimes by not making a sale.

  9. #9
    Join Date
    Jul 2007
    Location
    Jacksonville, Fl
    Posts
    219
    Another point,
    on #3 it says
    A Manufacturer’s Certification is a signed statement from the manufacturer certifying that the product or component qualifies for the tax credit.

    I have not seen any Certifications on the blower motor qualifying a blower motor for a furnance yet, it has just been the air conditioning and heating systems that have the certificates.

    But I'm all ears to find out what is what myself.

  10. #10
    Join Date
    Jun 2007
    Location
    Denver metro
    Posts
    7
    Quote Originally Posted by jban View Post
    A taxpayer purchasing a replacement gas or oil furnace incorporating an “advanced main air-circulating fan” may claim a tax credit of $50, regardless of the furnace’s AFUE rating.
    That was the law, but if you go to the top of the web page http://www.energystar.gov/index.cfm?...tax_credits#c3 and read the changes, the third bullet says "The tax credits that were for a specific dollar amount (ex $300 for a CAC), have been converted to 30% of the cost." and yes advanced main air circulating fan is IRS speak for a variable speed motor. If you go to the Amana web site and find the tax certification it uses the phrase, advanced main air circulating fan for variable speed units. However they have no yet updated this statement, it still says $50. The front line folks that answer the phone are not 100% sure yet. The problem is that the change is so new that until they get the word from the top they just say call back later.

  11. #11
    Join Date
    Jun 2007
    Location
    Denver metro
    Posts
    7
    I see your link but the problem is that it has not been undated in the last weeks like the energy star web site has.

  12. #12
    Join Date
    Jun 2007
    Location
    Denver metro
    Posts
    7
    Quote Originally Posted by ClassicDave View Post
    Another point,
    on #3 it says
    A Manufacturer’s Certification is a signed statement from the manufacturer certifying that the product or component qualifies for the tax credit.

    I have not seen any Certifications on the blower motor qualifying a blower motor for a furnance yet, it has just been the air conditioning and heating systems that have the certificates.

    But I'm all ears to find out what is what myself.
    http://209.235.103.219/portals/1/pdf...DV9%20AMV8.pdf None the the unit listed here are above 95% but they did get the $50 credit, however again this web site also has not been undated in the last three weeks

  13. #13
    Join Date
    Mar 2007
    Location
    Denver
    Posts
    10
    Yeah, that's right. A tax credit actually lowers the amount of tax you owe at the end of the year by that amount. I think some confuse it with a tax deduction, which deducts an amount from your income, in which case you only really get a portion of it back.

    It will be interestin to see what happens with this.

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