New Federal HVAC Tax Credits
With the expiration of the 2010 tax credit incentives for installing high-efficiency furnaces and/or heat pumps, many have been wondering if new incentive credits would be forthcoming to encourage consumers to continue installing high-efficiency systems. I am happy to say that is indeed the case. Here they are:
Central Air Conditioners: 16SEER and 13EER = $300.00 tax credit
Heat Pumps: 15 SEER and 12.5 EER = $300 tax credit
Natural Gas Furnace : 95% AFUE = $150.00 tax credit.
Advanced Main Air Circulating Fan (ECM Blower) = $50.00 tax credit
These are very good tax credits. Keep in mind that you can get several rebates on one project. For instance, you could install a 95% gas furnace with an ECM blower, then add a 16 SEER air conditioner or heat pump for cooling. You would get $95 + $50 + $300.00 for a total rebate of $445.00. Not bad! The maximum available combined rebate is $500.00.