Congress and the President Extend Hvac and Water Heating Tax Credits

On Jan. 1, Congress approved legislation to reinstate tax credits for home owners who purchase and install high efficiency heating, air conditioning or water heating equipment. The bill extends the tax credits that expired in 2011 from Jan. 1, 2012 until Dec. 31, 2013.

QUALIFIED EQUIPMENT INCLUDES:


WATER HEATERS ($300 TAX CREDIT)

Electric heat pump water heaters with an energy factor of at least 2.0. Natural gas, propane, or oil water heater with an energy factor of at least 0.82 or a thermal efficiency of at least 90 percent.


FURNACES ($150 TAX CREDIT)

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


BOILERS ($150 TAX CREDIT)

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


AIR CONDITIONERS AND HEAT PUMPS ($300 TAX CREDIT)

Split system central air conditioner that achieves the highest efficiency CEE tier as of Jan. 1, 2009 (16 SEER; 13 EER). Packaged central air conditioner that achieves the highest efficiency CEE tier as of Jan. 1, 2009 (14 SEER; 12 EER). Split system electric heat pump that achieves the highest efficiency CEE tier as of Jan. 1, 2009 (8.5 HSPF; 12.5 EER; 15 SEER). Packaged electric heat pump that achieves the highest efficiency CEE tier as of Jan. 1, 2009 (8.0 HSPF; 12.0 EER; 14 SEER).


ADVANCED MAIN AIR CIRCULATING FAN ($50 TAX CREDIT)

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

 

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