Tax Credits and Rebates


Tax Credits and Rebates

2011 Tax Credit Extension

As part of the recently passed tax bill, the 25C tax extension for residential high efficiency property has been extended for one year. This legislation included several significant changes in the 2011 tax credits compared to the 2009-2010 tax credits. The maximum tax credit that can be claimed for 2011 has been reduced from $1500 to $500. In addition, the 2011 tax credits have placed maximum amounts that can be claimed for the various components of the HVAC system, such as a $150 maximum tax credit for a 95% gas furnace and $300 for an air conditioner or heat pump. These component maximum amounts are additive to a $500 maximum lifetime tax credit.

Most of the HVAC qualifying efficiency levels have remained the same. The following chart summarizes the differences between the 2009-2010 tax credits and the newly passed 2011 tax credits. Changes in the 2011 tax credits are highlighted in red:

Product

2009-2010 Tax Credit

2011 Tax Credit

General Provision

30% of installed cost, up to $1500

10% of installed cost, up to $500

Central A/C

Split systems: 16 SEER & 13 EER
Packaged: 14 SEER & 12 EER
30% of installed cost, $1500 max

Split systems: 16 SEER & 13 EER
Package systems: 14 SEER & 12 EER
10% of installed cost, $300 max

Furnaces

Gas furnaces: 95 AFUE
30% of installed cost, $1500 max

Gas furnaces: 95 AFUE
10% of installed cost, $150 max

Efficient Indoor Fan

30% of cost of fan, $1500 max

$50

Heat pump

Splits: 15 SEER, 12.5 EER, 8.5 HSPF
Packaged: 14 SEER, 12 EER, 8 HSPF
30% of installed cost, $1500 max

Splits: 15 SEER, 12.5 EER, 8.5 HSPF
Packaged: 14 SEER, 12 EER, 8 HSPF
10% of installed cost, $300 max

 
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