Like wind energy and solar, homeowners can claim tax exemptions for using energy efficient Heating Ventilation and Air Conditioning units.
What is covered:
The non-business energy property tax credit or Section 25C, similar to (the residential energy efficient property credit) Section 25D, is a federal tax credit that offers a rebate rate covering 10% of total cost not to exceed $500.
Expiring Soon:
Though 25C was extended in 2017, it is set to expire on December 31, 2020, so time is limited to take advantage.
Specific Rebates for Equipment in Primary Residences (including installation costs)
Make sure to check out the Energy Star Rating System to understand the requirements below:
- Air Source Heat Pumps Rebate Rate: $300 Eligibility: Split systems with an EER greater than or equal to 12.5, HSPF greater than or equal to 8.5, and SEER greater than or equal to 15, or Package Systems with HSPF greater than or equal to 8, EER greater than or equal to 12, and SEER
greater than or equal to 14. - Central Air Conditioning (CAC) Rebate Rate: $300 Eligibility: Split Systems with SEER greater than or equal to 16 and EER greater than or equal to 13, or Package Systems with a SEER greater than or equal to 14 and EER greater than or equal to 12.
- Gas, Propane, or Oil Hot Water Boiler Rebate Rate: $150 Eligibility: An AFUE greater than or equal to 95.
- Gas, Propane or Oil Furnaces and Fans Rebate Rate: $150 Eligibility: An AFUE greater than or equal to 95.
- Water Heaters (Gas, Oil, Propane Water Heater) Rebate Rate: $300 Eligibility: Uniform Energy Factor (UEF) greater than or equal to 0.82 or a thermal efficiency no less than 90%.
- Water Heaters (Electric Heat Pump) Rebate Rate: $300 Eligibility: Uniform Energy Factor (UEF) greater than or equal to 2.2.
- Advanced Main Air Circulating Fan (fan blowing hot air from furnace into duct system) Rebate Rate: $50 Eligibility: Fan must not use more than 2% of the furnace’s energy.
- Biomass Stoves Rebate Rate: $300 Eligibility: Thermal efficiency rating equal to or greater than 75%.
Thinking about applying for tax credits in 2020? See how to here. Also make sure to check out the state’s section on the right to find if any state-level tax exemptions also apply to you.
