Find Out If You Qualify for These HVAC Tax Credits and Rebates Published on April 12, 2016 Is it already tax season…again?! Nobody wants to think about taxes UNLESS you’re learning how to save on them! Service Experts Heating & Air Conditioning is outlining the HVAC tax credits and rebates from EnergyStar® that you can receive in 2016 if you choose to upgrade your home and make it more energy-efficient with one of these common systems. Air Source Heat Pumps You can earn up to $300 if you decide to invest in qualified air source heat pumps. To receive your HVAC tax credit or rebate, you must meet the following requirements: Requirements for split system:HSPF >= 8.5EER >= 12.5SEER >= 15Requirements for package system:HSPF >= 8EER >= 12 SEER >= 14 Central Air Conditioning (CAC) You can also earn up to $300 in tax credits and rebates if you invest in a qualified center air conditioning system. Below are the requirements for the HVAC tax credits and rebates on central A/C systems: Qualifications for split system:EER >= 13SEER >= 16If you choose a package system:EER >= 12SEER >= 14 Gas, Propane, or Oil Furnaces and Fans Investing in a qualified gas and/or oil furnace can also earn you $150 in HVAC tax credits and rebates. See below to see if your system qualifies: Requirements for furnaces:AFUE ≥ 95Requirements for fans:Annual electricity use ≤ 2% of total furnace energy Water Heaters (non-solar) Earn up to $300 in HVAC tax credits and rebates with a qualified non-solar water heater. Qualifications are below: Requirements for an electric heat pump:Energy factor ≥ 2.0For gas, oil, or propane:Energy factor ≥ 0.82 or Thermal efficiency of at least 90% Geothermal Heat Pumps If you opt to go the geothermal heating route and choose a geothermal heat pump, which is more efficient since they use the earth’s natural heat, you can receive 30% of cost (no upper limits apply) back in HVAC tax credits and rebates. Due to the variety of styles, the requirements are broken down below: Water-to-Air – Closed Loop:EER >= 17.1COP >= 3.6Water-to-Air – Open Loop:EER >= 21.1COP >= 4.1Water-to-Water – Closed Loop:EER >= 16.1COP >= 3.1Water-to-Water – Open Loop:EER >= 20.1COP >= 3.5Direct Expansion:EER >= 16COP >= 3.6 Solar Energy Systems If you decide to purchase a solar water heater, you can also earn 30% of cost (no upper limits apply) back in HVAC tax credits and rebates. The requirements for this tax credit, as stated by Energy Star, say that at least 50% of the energy generated by the qualifying property must come from the sun. The system must be certified by the SRCC (Solar Rating and Certification Corporation) or a comparable entity endorsed by the government of the state in which the property is installed. Furthermore, photovoltaic systems must provide electricity for the residence and must meet applicable fire and electrical code requirements. Note that the HVAC tax credit and rebates exclude swimming pools or hot tubs. Energy Star is clear that to be eligible for the tax credits, the water must be used in the home. Remember these HVAC tax credits and rebates only apply to existing homes and new construction that are principle residences or second homes. Rental properties are not included in these credits and rebates. We’ve also provided definitions below: HSPF – Heating Seasonal Performance FactorSEER – Seasonal Energy Efficiency RatioCOP – Coefficient of PerformanceEER – Energy Efficient Ratio Dear grief, that was SO MUCH information. For further information, visit EnergyStar’s website or visit the U.S. Department of Energy page for tax credits, rebates, and savings. If you want to upgrade your home this year, Service Experts Heating & Air Conditioning will happily walk you through the options and choose the best heating and cooling system for your home. Call now for your free in-home Home Comfort Analysis.