Save up to $5,000 in Rebates & Incentives on Electric Ductless Heat Pumps!
Offer Expires 3/31/24
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A Colorado State tax credit for heat pumps and heat pump water heaters is available for customers who placed equipment in service in 2023.
Give us a call today: 970-533-8570 or install@fortcollinsheating.com
This Guide Applies To You If You Meet The Following Criteria:
- You are a Fort Collins, CO Heating, Air Conditioning & Plumbing Services customer who had a heat pump installed in 2023
- Your initial estimate has the “Eligible for Colorado Heat Pump Tax credit” text
If You Meet This Criteria, Please Follow Our Guide Below:
- The tax credit is an income tax reduction based on 10% of the price of the equipment, excluding equipment installation.
- The 10% tax credit also includes electrical panel upgrades (if needed for the heat pump or heat pump water heater installation) and battery storage.
- Renter occupied buildings: “Building Owners” includes lessees with lessor-approved installations.
Disclaimer: Please consult a tax professional for advice on your individual tax situation. We are not responsible for any specific tax issues that may arise from our simplified guide.
Required Form Instructions
This form must be be included with the building owner’s Colorado income tax return.
PART 1 – Eligibility Certification
- Building Owner Information: Fill in the form as needed; joint tax return applications need to fill out the Spouse’s section as well. If the building owner is a business entity, fill out EIN and other necessary information.
Contractor
- Business Name: Fort Collins Heating & Air
- FEIN: Please contact our office via phone or email for the FEIN or fill out the form below.
- Mailing Address: 208 Commerce Dr #4
- City: Fort Collins
- State & Zip Code: Colorado, 80524
Line 1 Installation Address and Date: Fill out your address for the property where the heat pump was installed.
Line 2 Purchase Type, Building Type, and Installation Standard: For purchase type, select the relevant purchase made from the following product:
- Air-Source Heat Pump System: Ductless MiniSplit Installations, outdoor unit only installations.
- Fill out sections b & c as follows (Residential and Licensed Contractor)
- Line 3 Purchase Information: provide the purchase date, serial numbers of the main components of the heat pump along. Fill out the form below to recieve this information.
- Line 4 Certification of System Requirements and Installation Standards: If your inital estimate includes the text for the Colorado tax credit eligbility criteria, your installation meets all required criteria. If you’re unsure, click the form below to request information from us
- PART 2 – Contractor Certification Sales Tax Exemption – No installations for 2023 are eligible for this criteria. You can skip this section.
- PART 3 – Election Statement for Assignment of Income Tax Credit – No installations for 2023 are eligible for this criteria. You can skip this section.
