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On February 17, 2009, important changes were made to the homeowner tax credits for specified energy-efficient home improvements, which includes qualified heating and cooling products. Two of the more significant revisions to this include the extension of the tax credit through 2010 and the increase of the total available tax credit from 10% to 30%. Homeowners who purchase a qualified heating and cooling product between January 1, 2009 and December 31, 2010 are now eligible for a tax credit equal to 30% of the full purchase and installation price with a cap of $1,500.

To make a claim as homeowners, save your receipts for heating and cooling equipment purchased between January 1, 2009 and December 31, 2010. The purchases can then be claimed as a tax credit in the 2009 or 2010 tax seasons.