Tax Credit For New Furnace 2017

Is there a 2017 tax credit for installing energy efficient furnace and ac in home.

Tax credit for new furnace 2017. This includes the cost of installation. Heating ventilation and air conditioning some heating ventilation and air conditioning equipment qualifies for an energy tax credit. 150 requirements afue 95 more information. 150 maximum credit available for qualifying furnaces and boilers.

Qualified equipment includes solar hot water heaters solar electric equipment wind turbines and fuel cell property. Up to 10 of the cost to 500 or a specific amount from 50 to 300. South only meet the requirements for the furnace tax credit. For full details see the energy star.

300 maximum credit available for qualifying central air conditioners heat pumps packaged units and ductless mini split systems. This tax credit is 30 percent of the cost of alternative energy equipment installed on or in a home. Renewable energy tax credits for fuel cells small wind turbines and geothermal heat pumps now feature a gradual step down in the credit value the same as those for solar energy systems. The tax credit for builders of energy efficient homes and tax deductions for energy efficient commercial buildings have also been retroactively extended through december 31 2020.

Gas furnaces that are energy star certified except those for u s. The tax credits for residential renewable energy products are still available through december 31 2021.