Tax Credits for Home Builders and Commercial Properties It is only for existing homes, not new construction.It only applies to your primary residence, not a vacation home, second home, commercial property, etc.The $300 tax credit is for energy efficiency improvements to residential properties only, with some restrictions. We may also be able to provide you with a Manufacturer Certification Statement. ENERGY STAR certified heat pumps meet the tax credit requirements.Īre you unsure of whether your new air conditioner or heat pump qualifies for the tax credit? Ask your Symbiont Service HVAC installer.Packaged Systems must have an HSPF (Heating Seasonal Performance Factor) of at least 8, an EER (Energy Efficiency Ratio) of at least 12, and a SEER (Seasonal Energy Efficiency Ratio) of at least 14.Split Systems must have an HSPF (Heating Seasonal Performance Factor) of at least 8.5, an EER (Energy Efficiency Ratio) of at least 12.5, and a SEER (Seasonal Energy Efficiency Ratio) of at least 15.Heat Pumps Meeting the Following Requirements are Eligible for a $300 Tax Credit: System must be installed before December 31, 2022.Air conditioners with the designation of ENERGY STAR Most Efficient meet the tax credit requirements.Packaged Systems must have a SEER (Seasonal Energy Efficiency Ratio) of greater than or equal to 14, and an EER (Energy Efficiency Ratio) of greater than or equal to 12.Split Systems must have a SEER (Seasonal Energy Efficiency Ratio) of greater than or equal to 16, and an EER (Energy Efficiency Ratio) of greater than or equal to 13.$300 Federal Tax Credits for Air Conditioners and Heat Pumps Does My New AC System Qualify? Air Conditioners Meeting the Following Requirements are Eligible for a $300 Tax Credit: (The tax credit originally expired December 31, 2017.) If you have not previously claimed the Non-Business Energy Property Tax Credit, consult with your tax professional for details. The tax credit also retroactively applies to new air conditioners installed in the 2018-2021 tax year. This means that certain qualifying air conditioners and heat pumps installed through December 31, 2022 are eligible for a $300 tax credit. In 2022, the government extended the Non-Business Energy Property Tax Credits on residential air conditioning equipment.

In addition to bringing you benefits like lower electric bills, your new AC could save you some cash this tax season. ***Update as of January 12, 2023: Read our post about the federal tax credits for air conditioners and heat pumps under the Inflation Reduction Act.ĭid you upgrade your air conditioner in 2021 or 2022? Keep reading this post for information about the Non-Business Energy Property Tax Credits, which were extended and apply retroactively through. By: Symbiont Service | Category: Air Conditioning, Blog, Home Tips

New tax credits for 2021