HVAC Tax Credit Information

January 8, 2017

Precision Air & Heating would like to announce that tax credits to homeowners are still available. On New Year’s Day, Congress passed a legislative bundle that restored several tax credits for homeowners’, one of them being the 25C Tax Credit.

This credit allows homeowners’ to receive up to $500 in credits for installing qualified energy efficient improvements.  The tax credit is retroactive, which means that any qualified equipment installed after December 2011, can be included. The following is a list of what classifies qualified equipment.

  1. Air conditioners and heat pump tax credits can be up to $300. Any system that consists of split system central air conditioners, packaged central air conditioners, split system electric heat pumps, and packaged electric heat pumps that achieve the highest efficiency CEE tier as of Jan. 1, 2009, are eligible for the tax credit.
  2. Water heaters are also eligible for a $300 tax credit. Included in this credit are electric heat pump water heaters with an energy factor of at least 2.0 and natural gas, propane or oil water heaters with an energy factor of at least 0.82 or a thermal efficiency of at least 90 percent.
  3. Furnace tax credits can be up to $150.  Furnaces available for the credit are Natural gas, propane or oil furnaces with an AFUE of not less than 95.
  4. Boilers that are natural gas, propane or oil boilers with an AFUE of not less than 95 qualify for $150 in tax credits.

Taking advantage of these tax credits is a wonderful way to increase the comfort level in your home and decrease the amount of money spent on your energy bill every month. If you are looking to receive a tax credit for the 2013 year, call Precision Air & Heating and a professional will help you make the right choice. You cannot go wrong when you make the Precision Decision!