| CALL 317-753-0279 |
| 24 Hours a Day, 7 days a Week |
| TAX CREDITS, REBATES & UTILITY INCENTIVES |
| HELPFUL LINKS |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| Tax Credits for Home Improvements 2011 Changes to Federal Tax Credits Available for Qualifying Residential Systems: Federal tax credits on qualifying, high-efficiency HVAC equipment have been 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: • The maximum amount an eligible homeowner may receive in tax credits for purchasing qualifying products, whether those purchases are in the form of upgraded insulation, windows, HVAC equipment or other eligible improvements, will be reduced from $1,500 to $500. • The $500 cap is reduced by the total amount of residential energy property credits a homeowner has claimed for purchases between 2006 and 2010. If you have already claimed credits of $500 or more from improvements made prior to 2011, you will be unable to claim new credits for improvements made during 2011. • All furnaces and boilers, whether natural gas, propane or oil, must have an AFUE of 95 or above to be eligible for the credit. • The credit is no longer 30% of qualified residential energy property costs (including labor), but is now equal to an amount not to exceed: Tax Credit 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 *Electricity use of no more than 2% of the total energy use of the furnace Geothermal system tax credits are unaffected by these changes and remain in place as is through 12/31/2016. AFUE = Annual Fuel Utilization Efficiency; is a rating that denotes the efficiency of gas heating equipment. It is the amount of heating your equipment delivers for every dollar spent on fuel. A higher rating indicates more efficient equipment. Website: http://www.energystar.gov/index.cfm?c=tax_credits.tx_index |
| Vectren Appliance/Product Rebates for Indiana Customers Upgrading your natural gas appliances to more energy efficient models can help reduce energy consumption. A cash rebate* from Vectren makes this the perfect time to make the investment in your home or business. The rebates even apply for businesses and new home construction! *Buyer must be a Vectren Energy Delivery of Indiana natural gas and/or electric customer and provide clear copy of the receipt and proof that the appliance meets the energy efficiency standards indicated below. See further details on the rebate form. Webite: http://www.vectren.com/web/eenablement/learn_about/conservation/rebates_i.jsp |
| Citizens Gas Financial Incentive Program Citizens Gas-Commercial Efficiency Rebates Incentive Type: Utility Rebate Program in Indiana Eligible Technologies: Water Heaters, Furnaces, Boilers, Steam-system upgrades, Programmable Thermostats, Energy Mgmt, Systems/Building Controls, Custom/Others pending approval Amount: Custom Incentives: 30% of project cost, Natural Gas Boiler and Boiler Controls: 25% of purchase price Boiler Reset Control: 250 Natural Gas Furnace: 200 Programmable Thermostat: 20 Natural Gas Water Heater: 150 Natural Gas Tankless Water Heater: 150 Boiler Tune-Up: 250 Steam Trap Service: 50 Equipment: Natural Gas Boiler: 90% AFUE or Combustion Efficiency, Natural Gas Furnace: 92% AFUE or higher Natural Gas Water Heater: 88% Thermal Efficiency; 75 Gas storage capacity; 75,000 btu/hr input rating Natural Gas Tankless Water Heater: 0.82 Energy Factor Website: http://www.citizensgas.com/ERebates.aspx |
| Duke Energy - Residential and Builder Energy Efficiency Rebate Program Program Overview State: Indiana Incentive Type: Utility Rebate Program Eligible Efficiency Technologies: Heat pumps, Central Air conditioners, Comprehensive Measures/Whole Building Eligible Renewable/Other Technologies: Geothermal Heat Pumps Applicable Sectors: Residential, Construction, Installer/Contractor Amount: Existing Home Air-source Heat Pump: $200 (home owner); $100 (dealer) Existing Home Geothermal Heat Pump: $200 (home owner); $100 (dealer) Existing Home Air Conditioner: $200 (home owner); $100 (dealer) New Building Energy Star Home: $450/heat pump installed (contractor) A/C Cycling Power Manager Program: $35 + bill credits Energy Audit and Energy Efficiency Starter Kit: Free Equipment Requirements: Heat Pumps and A/C: must replace existing systems, have a SEER value equal to or greater than 14, and include an ECM fan motor. Geothermal Heat Pumps must have an EER of 11.5 or higher and include an ECM fan motor. Installation Requirements: Contractor must have home ENERGY STAR certified to receive incentive. Heat pumps must be installed by certified heat pump technician in existing single family homes, condominiums or duplexes. Website: http://www.duke-energy.com/indiana/savings/smart-saver.asp Summary Duke Energy provides a financial incentive for its residential customers to purchase energy efficient HVAC products through the Smart $aver program. A $200 rebate is available for geothermal heat pumps with an EER of 10.5 or higher and heat pumps with a SEER value greater than or equal to 14. To receive the rebate, the customer's HVAC contractor must complete a Smart $aver Incentive Application form for each unit installed. Duke Energy also provides a participating dealer incentive of $100 for the heating contractor, sales representative, or the dealership who sells/installs the heat pump or air conditioning unit. The dealer must be on the Participating Heating Dealer and Builder list. Duke Energy also offers the ENERGY STAR New Home program for the construction of new, single family homes, condominiums, or duplexes. Once the builder gets a new home certified as an ENERGY STAR home, they must complete a Smart $aver Incentive Application Form for each heat pump unit installed. |
