Federal Tax Credits

Extension of “25C” Tax Credit

Carrier is pleased to report that the federal tax credits on qualifying high-efficiency HVAC equipment were extended retroactively for 2012 and through December 31, 2013 by The American Taxpayer Relief Act on 2012.

• The maximum amount an eligible homeowner may receive in tax credits for “residential energy property” is $500. The cap is on the total amount of credits a homeowner may claim for purchases between 2006 and 2013, not just for 2013. 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 2013.

• All furnaces and boilers, whether natural gas, propane or oil, must have an AFUE of 95 or above to be eligible for the credit.

2013-tax-credit-table

*An advanced main air circulating fan is a fan used in a natural gas, propane, or oil furnace and which has an annual electricity use of no more than 2 percent of the total annual energy use of the furnace.