Does my unit qualify for the tax credits? Before replacing your HVAC equipment, check to see if your unit meets the criteria below. Product TypeTax Credit AmountRegionAFUESEER2EER2HSPF2COP (5°F)Capacity Ratio Gas Furnace$600All≥ 95%N/AN/AN/AN/AN/A ...
Replacing your HVAC system Completing an extensive kitchen or bathroom remodeling project Resurfacing your driveway Is a HELOC Worth it if the Interest Isn’t Deductible? Taking out a home equity line of credit may still be worth it even if the interest is not deductible, depending on how you...
Residential clean energy tax creditsvary by the year the system was placed in service.As a rule of thumb, you must have put the renewable energy system in service between January 1, 2006, and December 31st, 2034. The following tax credit conditions apply for solar electric, solar water heate...
By installing solar panels or other solar energy systems, homeowners not only reduce their carbon footprint but also increase their potential for tax deductions. The Residential Renewable Energy Tax Credit allows homeowners to claim a credit of up to 26% of the cost of installing these systems in...
(windows are capped at $200).* Water heaters: $300 credit.* HVAC systems: $300 credit on central air conditioners; $300 credit on electric heat pumps; $150 credit on furnaces and boilers; and $50 credit on advanced main circulating fans.Additionally, tax credits are available through 2016...
major renovations that add value to your home. In fact, you can save up to thousands of dollars onrenovations or improvements that are energy efficient. These may include adding an energy-efficient HVAC system, energy-efficient windows or additional insulation, ormodifying doorways for wheelchairs ...
Replacing an outdated HVAC system with a new one Repairing or replacing your roof Installing support columns in your crawlspace to reinforce your home’s foundation Renovating your kitchen and other living spaces Building an addition or deck