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Tax Credits IRS

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.

Most of the HVAC qualifying efficiency levels have remained the same.  The only exceptions are boilers and oil furnaces, where the qualifying efficiency has been increased from 90 AFUE to 95 AFUE.  The following chart summarizes the difference between the 2009-10 tax credits and the newly passed 2011 tax credits.  Changes in the tax credits for 2011 are highlighted in red

Product 2009-2010 Tax Credit 2011 Tax Credit
General Provision 30% of installed cost up to $1500 10% of installed cost, up to $500
Central AC Split System:16 SEER & 13 EER
Packaged Unit: 14 SEER & 12 EER
30% of installed cost, $1500 max
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: 90 AFUE
Boilers: 90 AFUE
30% of installed cost, $1500 max
Gas Furnace: 95 AFUE
Oil Furnace:
95 AFUE
Boilers:
95 AFUE
10% of installed cost, $150 max
Efficient Indoor Fan 30% of cost of fan, $1500 max $50
Heat Pump Split System: 15 SEER, 12.5 EER. 8.5 HSPF
Packaged Unit: 14 SEER, 12 EER, 8 HSPF
30% of installed cost, $1500 max
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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Amistad Heating and Air Conditioning  -  110 Bauer Ave. Del Rio, TX 78840  Tel (830) 774-1313  -  TACLA006415E