Equipment tax credits for primary residences.
Tax credits for new furnace 2016.
This includes the cost of installation.
The tax credit for builders of energy efficient homes and tax deductions for energy efficient commercial buildings have also been retroactively extended through december 31 2020.
Gas furnaces that are energy star certified except those for u s.
Electric heat pump water heater.
Heating ventilating air conditioning hvac as much as half of the energy used in your home goes to heating and cooling.
Credits may even be higher for renewable energy like geothermal systems.
For gas furnaces with an efficiency rating of 95 or greater the credit is 150.
Gas and oil furnaces that have earned the energy star include fans that meet the requirements of the fan tax credit.
Gas oil propane water heater.
Air source heat pumps.
When you install a new furnace in your home it may prove more than an efficient heating system.
This tax credit is 30 percent of the cost of alternative energy equipment installed on or in a home.
Certain air source heat pumps also qualify for a 300 federal tax credit.
Tax credits for residential energy efficiency have now been extended retroactively through december 31 2020.
South only meet the requirements for the furnace tax credit.
In addition to these listed tax credits there are also some great incentives from local utilities.
Learn more and find products.
The federal government offers energy efficiency tax credits.
Residential energy property costs.
Here is a link to more information on the federal tax credits.
Qualified energy efficiency.
31 2016 was the deadline for qualifying improvements to the taxpayer s main u.
Heat pumps that are energy star certified meet the requirements for this tax credit.
If the furnace is also equipped with a high efficiency ecm fan then there is an additional 50 credit.
The federal tax credits for hvac products have returned for 2016.
Federal income tax credits and other incentives for energy efficiency.
Residential energy efficient property credit.
For qualified hvac improvements homeowners may be able to claim 25c tax credits equal to 10 of the installed costs up to 500 maximum.