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2011 Tax Credit Extension
As part of the recently
passed tax bill, the 25C tax extension for residential high
efficiency property has been extended for one year. The
maximum tax credit that can be claimed has been reduced from
$1500 to $500 for 2011. In addition, the 2011 tax credits
have placed maximum amounts that can be claimed for the
various components of the HVAC system, such as a $150
maximum tax credit for a 95% gas furnace and $300 for an air
conditioner or heat pump. These component maximum amounts
are additive to the $500 maximum lifetime tax credit.
|
Product |
2011 Tax Credit |
| General
Provision |
10% of
installed cost, up to $500 |
| Central
AC |
Split
System:16 SEER & 13 EER
Packaged Unit: 14 SEER & 12 EER
10% of installed cost, $300
max |
| Furnaces |
Gas
Furnace: 95 AFUE
Oil Furnace: 95 AFUE
Boilers: 95 AFUE
10% of installed cost, $150
max |
|
Efficient Indoor Fan |
$50 |
| Heat
Pump |
Split
System: 15 SEER, 12.5 EER. 8.5 HSPF
Packaged Unit: 14 SEER, 12 EER, 8 HSPF
10% of installed cost, $300
max |
| *
Consumers should consult a tax professional to
ensure they qualify for the tax credit. Effective
2011 calendar year. |
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