The Federal Tax Credit was amended and extended through December 31, 2011 by the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. On January 1, 2011 several characteristics of this credit changed from their 2010 form. Most Significantly, the cap was reduced from $1,500 to $500.
The cap is on the total amount of credits a homeowner may claim between 2006 and 2011, not just for 2011. If a homeowner has already claimed $500 or more in credit through this allowance, they will be unable to claim new credits for improvements made during 2011.
For more information on the extended Federal Tax Credit click here. For information on state by state incentives click here. Have you installed a Crown boiler that qualifies for a tax rebate? Click here to download the Manufacturer’s Certification Statement, and let us know how the experience was in the comments!
