Hey guys there is a new tax credit for a new central ac or furnace,,, water heater, roof, insulation, and more. 2009 .2010. Eguipment must Qualify. Check it out. I believe even if u used the 2006 and 2007 u can use this also!!!! If anyone wants more info i can post or pm u Thanks Danny.

 

All true, we have been selliing but most people are not willing to buy the qualifing equipment. Short sited as the money is made in the OUT years with savings, not the come-on deduction. But they do what they do,Woody

 

So true. The same thing happened with the energy efficiency home upgrades deduction in '06, '07, and '08. If I recall correctly, it was something like 10% up to $1500. I thought about and said to myself, if I wanted to reach the $1500 max deduction, I'd have to spend $15,000. That's not short term ROI, it had better be long term (saving $1500 a year for 10 years.) That kind of long term savings will probably not happen on a Single Family home, at least not mine (bermed, built in the late 80's, wood burning stove, cheap north woods oak You'd need to be running a huge commercial facility to make up that kind of money.

Now it is up to 30% with the Obama administration, so I'll have to spend $5000 to hit the max deduction of $1500. That's $500 a year savings over 10 years to make it up. Still not useful in my home, but much more realistic for the average homebuyer.