"Here at Don Pratt Construction, we are known for attention to detail on our award winning homes, therefore, we love doing business with Chinook Heating and Air. We truly appreciate the workmanship and service that the friendly people at Chinook Heating and Air provides to our company."
- Greg Rose, Manager Don Pratt Construction, Inc.
*Financing only available to residents of WA State*
CHINOOK HEATING & AIR, Inc.
Your Heater or AC unit can go out in an instant. Getting help should be no different. With Chinook Heating & Air a service advisor is just a call or e-mail dave@callchinook.comright away.
Friendly, fast service is standard at Chinook Heating & Air. The flat rate pricing we offer is simple, you will know the price upfront, not after the job is done. No more surprises.
Call or e-mail us today and get started with one of our Universal Savings Agreements.
RESIDENTIAL RETROFIT
Chinook offers quality equipment and installation, at affordable prices. You and your whole family will be comfortable throughout the entire process. E-mails us today at kelli@callchinook.comfor more information and a complimentary FREE estimate. Ask how to become a priority customer and save 15%.
SERVICE CALLS
Chinook Heating & Air services all makes and models of HVAC equipment. We offer flat-rate pricing and fast courteous service. Our job is to serve you. Call our 24 hour service line at: 509.736.1121
MAINTENANCE PLANS
Chinook offers a semi-annual tune-up, for a precision tuning and cleaning of your heating and cooling systems. This also gives you priority customer status and discounts on all services and upgrades. To read more about our Maintenance Plans please click here.
AMERICAN RECOVERY AND REINVESTMENT ACT OF 2009
What does this mean for your home?
On February 19, 2009, the President signed into law the American Recovery and Reinvestment Act of 2009. (ARRA) This bill combines spending and tax incentives to help stimulate the struggling economy. Specifically for HVAC contractors, the new law makes important changes to existing tax incentives for homeowners who make qualified improvements of higher efficiency HVAC and water heating equipment to their primary residences.
RESIDENTIAL TAX CREDIT DETAILS
For qualified improvements, homeowners may be able to claim tax credits equal to 30% of the installed costs (up to $1,500). The new tax credits are retroactive to January 1, 2009, and expire on December 31, 2010. The $1,500 limit is for all improvements made during the two year term, not $1500 each year.
Homeowners may use the entire $1,500 tax credit limit on a single qualifying improvement. The previous per-appliance caps that limited the homeowner to just $150 for a high efficiency furnace or $300 for a high efficiency central air conditioner or heat pump have been removed. Homeowners that previously claimed tax credits in 2006 or 2007 are eligible for the full $1,500 limit.
Homeowners who install geothermal heat pump systems may be able to claim up to 30% of the installed costs in tax credits in the year the system is placed into service. The $2,000 tax credit limit has been removed. The geothermal tax credit has a longer term, from January 1, 2009 and expires December 31, 2016. HVAC contractors should be aware that the $1,500 limit applies to many types of energy efficient home improvements, including windows and doors, roofing shingles, and insulation. All of these contractors will be competing for the work related to these tax credits.
FREUENTLY ASKED QUESTIONS
Q- Can the homeowner claim $1500 in tax credits for improvements made in 2009 and again for improvements made in 2010?
A-No. Taxpayers may only be eligible for a total of $1500 in tax credits for improvements made in the combined two year period of 2009 and 2010.
Q- Can a homeowner use the entire $1500 limit as a credit toward the installation of one appliance?
A-Yes. A homeowner may use the entire $1500 in tax credits for installing a single appliance, such as a qualified furnace, air conditioner, heat pump, or hot water heater.
Q- What happens if the 30% of the installed costs is less than $1500?
A-The homeowner can “bank” the remaining available tax credit for other qualified improvements. Any single installation that costs more than $5000 will instantly reach the $1500 limit.
Q- Does the tax credit apply to the cost of the equipment or equipment plus labor?
A-The tax credit applies to the installed costs of the qualified equipment, which includes labor.
Q- How will a taxpayer claim the credit and receive their money?
A-In the past, the IRS has directed taxpayers to use Form 5695, Residential Energy Efficient Property Credit. Taxpayers are not required to file anything more than the form, but are instructed to keep records of their installation.
Q- What’s the difference between a tax credit and a tax deduction?
A-As a tax credit applies against the taxpayers’ liability. A tax deduction applies against a taxpayer’s income, lowering the adjusted gross income and possibly moving the taxpayer to a lower tax bracket. Tax credits have a greater benefit to a taxpayer. With a tax credit, if the taxpayer owes $2000, in taxes, their liability is reduced to $500. If they owe nothing, they can expect a $1500 refund.
Q- What if the homeowners already claimed $500 in tax credits in 2006 or 2007?
A-The “lifetime caps” that used to be in place have been removed. Any previous claims do not count against the current $1500 tax credit limit.
Q- Can a homeowner claim the credit for improvements to a second home?
A-No. The tax credit is only available for improvement to the taxpayer’s primary residence.
Q- What other types of energy efficiency improvements qualify for the tax credits?
A-Homeowners may be able to qualify for the tax credits if they make qualified improvements to: windows and doors including skylights, storm windows and storm doors; roofing including metal and asphalt roofs; and insulation. All of these improvements qualify, but homeowner may only claim $1500 in total for any improvements.
In essence: The maximum a taxpayer may claim from all Federal home improvement energy tax credits combined is $1,500 over the lifetime of the tax credit (2009-2010). This applies to 30% of installed costs up to a $1,500 limit. The maximum a taxpayer may claim from all Fed home improvement energy tax credits (including qualifying furnaces, water heaters, a/c, insulation, etc.) is $1,500 for all federal energy tax credits taken in 2009 and 2010 combined (not each year) as part of the new American Recovery and Reinvestment Act of 2009. This includes improvements purchased retroactive to Jan. 1, 2009. Good on personal income taxes for first homes only. Homeowners that previously claimed tax credits in 2006 or 2007 are eligible for the full $1,500 limit. What happens if the 30% of the installed costs is less than $1500? The homeowner can “bank” the remaining available tax credit for other qualified improvements. Any single installation that costs more than $5000 will instantly reach the $1500 limit.