Does my new furnace and air conditioner qualify for a tax credit?

This is the time of year that we are often asked about tax credits.  The government has scaled back the last couple of years in some areas of the energy efficiency tax credits.  Some of the items that qualify for federal tax credits in 2011 and 2012 are:

  • Advanced main air circulating fan, such as a variable speed blower on a furnace: $50
  • Natural gas, propane, or oil furnace or hot water boiler with an annual fuel utilization rate of 95 or greater: $150
  • Electric heat pump which achieves the highest efficiency tier established by the Consortium for Energy Efficiency: $300
  • Central air conditioner which achieves the highest efficiency tier established by the Consortium for Energy Efficiency: $300

Also, Geothermal systems qualify 30% unlimited (no cap) tax credit, valid through 2016.

In addition to these tax credits, many local utility companies offer rebates.

Of course, always confirm that your exact model qualifies for these programs, since this list is only a guide.

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