Maximum Tax Credit Available | Product Type | Efficiency Requirements |
$50 | Any advanced main air circulating fan | *See below |
$150 | Natural gas, propane, oil furnace or boiler | 95% AFUE |
$300 | Split system air conditioner | 16 SEER / 13 EER |
$300 | Split system heat pump | 15 SEER / 12.5 EER / 8.5 HSPF |
$300 | Package air conditioner | 14 SEER / 12 EER |
$300 | Package heat pump | 14 SEER / 12 EER / 8 HSPF |
$300 | Package gas / electric | 14 SEER / 12 EER |
The maximum amount an eligible homeowner may receive in tax credits for “residential energy property” will be $500. The cap is on the total amount of credits a homeowner may claim for purchases between 2006 and 2011, not just for 2011. If a homeowner has already claimed credits of $500 or more through this allowance, they will be unable to claim new credits for improvements made during 2011. All furnaces and boilers, whether natural gas, propane or oil, must have an AFUE of 95 or above to be eligible for the credit. The credit is no longer 30% of qualified residential energy property costs (including labor), but is now equal to an amount not to exceed:
Call Sullivan Heating & Cooling at 716-608-8139 for more information.