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Tax Credits


money-house_12218666.pngThe Tax Increase Prevention Act of 2015 (H.R. 2029), extends the 25C tax credits for highly efficient HVAC equipment that expired at the end of 2014.

Specifically, this applies to equipment placed in service after December 31, 2014 through December 31, 2016. Must be an existing home and the principal residence. New construction and rentals do not apply.

Please note that the maximum 25C tax credit that can be claimed by a taxpayer for all qualified energy efficiency improvements made in 2011 through 2016 is $500.

 

Click HERE to go directly to the ENERGY STAR® website for more info and instructions on how to apply for credits.

Click HERE to go to the DsireUSA website to identify your State incentives for Renewables and Efficiency.

Qualified equipment includes products with the minimum efficiencies shown in the table below.

 

Credit Amount

System Type and Minimum Efficiency Requirements

$150

Natural gas, propane, or oil furnace with an AFUE of not less than 95%

$300

Split system central air conditioners that achieve 16 SEER and 13 EER

Packaged central air conditioners that achieve 14 SEER and 12 EER

Split system electric heat pumps that achieve 15 SEER, 12.5 EER and 8.5 HSPF

Packaged electric heat pumps that achieve 14 SEER, 12 EER and 8.0 HSPF

$50

Advanced circulating fan used in a natural gas, propane, or oil furnace with an annual electricity use of no more than 2 percent of the total energy use of the furnace.

$150

Gas, Propane, or Oil Hot Water Boilers that use water circulated throughout the home in a system of baseboard heating units, radiators, and/or in-floor radiant tubing that achieve
AFUE >= 95

$300

Non-solar Water Heaters

Gas, Oil, Propane Water Heaters that achieve an Energy factor >= 0.82 OR a thermal efficiency of at least 90%.

Electric Heat Pump Water Heaters that achieve an Energy factor >= 2.0

30% of Entire System – No Cap
See ENERGY STAR® website for details

Qualified Geothermal Systems including labor costs for on-site preparation, assembly or original system installation, and for piping or wiring to interconnect a system to the home.

 

Water-to-Air Closed Loop: EER >= 17.1  and/or COP >= 3.6
Water-to-Air Open Loop: EER>= 21.1  and/or  COP>=4.1
Water-to-Water Closed Loop: EER >= 16.1 and/or COP>=3.1
Water-to-Water Open Loop: EER>=20.1  and/or COP>=3.5
Direct Expansion: EER>= 16   and/or COP >= 3.6