Offers and Rebates
American Tax Payer Relief Act
What You Need to Know and how it Benefits You!
On Jan. 1st, 2013, the 112th Congress passed the American Taxpayer Relief act of 2012. Within this was the reinstatement of the 25C Tax credit. The 25C tax credit allows tax payers who have qualifying equipment installed able to claim 10% of the cost of the installation for a tax credit. The maximum allowable tax credit is up to $500. Any taxpayer that has claimed the maximum allowable tax credit of $500 since Jan.1st, 2005 is not eligible for any further tax credits on the 25C American Taxpayer Relief Act.
Allowable time frame:
- Any Qualifying equipment installed from January 1st, 2012 through December 31st, 2013 is eligible for the tax credit.
- Geothermal tax credit expires on December 31st, 2016.
QUALIFYING EQUIPMENT, AVAILABLE CREDIT &MINIMUM RATES
|Equipment type||Max. Tax Credit||Notes||AFUE||SEER||EER||HSPF||COP|
|Split System Air Conditioner||$300||16.0||13.0|
|Split System Heat Pump||$300||15.0||12.5||8.5|
|Packaged Dual Fuel||$300||14.0||12.0|
|Furnaces(Nat.Gas, Propane, Oil)||$150||95%|
|Water Heater (Electric Heat Pump)||$300||1|
|Water Heater (Nat.Gas, Propane, Oil)||$300||2|
Notes1) Must have at least a 2.0 energy factor. 2) Must have at least a .82 energy factor & equal to or greater than 90% thermal efficiency. 3) Must use less than 2% of the total furnace energy usage. 4) You must meet all criteria of a product to receive the tax credit. 5) Geothermal are allowed to take 30% of the total installation. 6) Commercial three phase geothermal units are not eligible for tax credits.