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SNIPS NEWSSheet Metal And HVAC Industry News

HVAC units meet stimulus requirements, Coleman says

May 14, 2009

Coleman’s high-efficiency furnaces and air conditioners qualify for tax credits under the $787 economic stimulus bill signed into law earlier this year, company officials said.

“All Coleman 33-inch condensing furnace models exceed the minimum 95 percent AFUE (annual fuel utilization efficiency) requirements for these tax credits in 2009,” said Brian Michael, Coleman brand manager. “In addition, 12 different gas-fired residential furnace models achieve 97 to 98 percent AFUE, making them the most efficient in the industry. For split-system air conditioners and heat pumps, the expansion of the Coleman LX series and Echelon series provides more models at higher efficiency levels than ever before.”

The American Recovery and Reinvestment Act provides homeowners with tax credits up to 30 percent of the total cost, including installation, up to $1,500. It applies to products installed through 2010.

"When the federal tax credits are combined with Coleman's industry-leading consumer rebate program, which offers up to $1,700 cash back, 6-months same-as-cash financing options, competitive warranties, reduced energy bills, improved comfort and any applicable local utility rebates, our dealer network is able to provide an array of sustainable, high-efficiency home comfort systems that should be an easy sell,” Michael added.  

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