LESLIE: Nathan in Arizona needs some help with his money pit. What can we do for you.
NATHAN: The bailout bill that passed is a little confusing where it talks about the tax credits for improving your home.
NATHAN: In reference to air conditioners and improving those, is it 14 SEER, 12 EER to qualify for the tax credit and then it – from what I understand it’s 30 percent of the cost or $1,500 – up to $1,500.
TOM: Nathan, it’s a good question because it is very confusing. There is a good website that we like to refer to for the most up-to-date information and it’s the website for the alliance to save energy – it’s ASE.org – and on that website we found some guidance with respect to central air conditioning systems and heat pumps that say that the Consortium for Energy Efficiency determines that you need to have a SEER of at least 16 or an energy efficiency ratio of at least 13 for most air conditioners. So if it’s a 16 SEER or better, you’re good.
NATHAN: The next question I had is that up to $1,500 tax credit, is that per house if they have two units?
TOM: No, that’s the maximum; so I don’t think you can get that on each unit. I think that’s the maximum credit …
NATHAN: Per house.
TOM: … that you can quality for, for that particular improvement.
NATHAN: OK. Alright. Well, thanks.
TOM: You’re very welcome. Thanks so much for calling us at 888-MONEY-PIT.