Tax break for select equipment.
When you purchase a high-efficiency air
conditioner and/or heating system, you may qualify for a tax credit under the
U.S. Energy Policy Act of 2005.
Unlike a tax deduction, which reduces
the amount of income subject to tax, a tax credit reduces the tax itself. The
tax credits that apply to qualifying Aspen air-conditioning and heating coils and air handlers are available for products placed in
service from January 1, 2006 through December 31, 2007.
To
learn more about energy-efficiency or the availability of a tax credit for
high-efficiency air conditioning and heating equipment, click here.
In a few
quick steps, you can find out whether you're eligible for various
energy-efficiency tax credits allowed by the U.S. IRS under Section 25C of the
Internal Revenue Code. Plus, you can obtain a certification statement to
include with your tax records.
Is my equipment eligible?
If you
have purchased one of these products between January 1, 2006 and December 31,
2007, you may be eligible to receive energy-efficiency tax credits totaling up
to $500.
Central air
conditioners that achieve the highest efficiency tier established by the
Consortium of Energy Efficiency in effect January 1, 2006 and are matched with
the correct indoor coil, blower coil and/or furnace (up to $300 tax
credit).*
Electric heat
pumps
that have a heating seasonal performance factor (HSPF) of at least 9, a
seasonal energy-efficiency ratio (SEER) of at least 15, and an
energy-efficiency ratio (EER) of at least 13 (up to $300 tax credit).*
*Air conditioners and heat pumps must be matched with the correct indoor coil, blower coil, and/or furnace to qualify for the tax credit.
A fan that is used in
a natural gas, propane or oil furnace and has an annual electricity use of no
more than 2 percent of the total annual site energy use of the furnace (as
determined in the standard DOE test procedure) (up to $50 tax credit).
A
natural gas, propane or oil furnace or hot water boiler that achieves an annual
fuel utilization efficiency rate of not less than 95% (up to $150 tax
credit).**
Click
here and enter your outdoor unit model number, indoor coil or air handler
model number, and furnace model number. You should receive your tax certificate
within 1-2 business days.