Federal Tax Rebates
- Certificates
- Air Conditioners 16 SEER
- Air Conditioners Best
- Gas Furnaces Best
- Gas Furnaces Better
- Gas Furnaces Counter Flow
- Heat Pumps Best
- Heat Pumps Better
- Water Heaters
WASHINGTON — Legislation that Congress passed and
President Obama signed into law to avoid the so-called “fiscal
cliff” also retroactively reinstated the 25C tax credits for highefficiency
HVAC and water heating equipment that expired at
the end of 2011. The Air-Conditioning, Heating, and
Refrigeration Institute (AHRI) reports that the legislation
extends the tax credits from Jan. 1, 2012 through Dec. 31,
2013, for qualified equipment listed in Section 25C of the
Internal Revenue Code. Because the credits were made
retroactive to Jan. 1, 2012, they can be used for qualified
equipment that was installed any time during the past year as
well as going forward in 2013.
Qualified equipment includes:
- 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 2 percent of the total
energy use of the furnace
- Boilers ($150 tax credit)
- Natural gas, propane, or oil boiler with an AFUE of not less
than 95
- Furnaces ($150 tax credit)
- Natural gas, propane, or oil furnace with an AFUE of not
less than 95
- 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
Publication date: 12/31/2012
As part of the fiscal cliff deal,
Congress reinstated the 25c residential tax credits for 2012 and 2013. While this is great for the homeowners who installed qualified energy efficient appliances, the IRS was not quite ready for it. What does this mean? It means that homeowners who want to make these claims on their 2012 tax returns are going to have to wait until at least late February to file.