HVAC Breaking News / News

Jan. 4, 2013: Legislation Retroactively Extends 25C Tax Credits for HVAC and Water Heating

WASHINGTON — Legislation that Congress passed and President Obama signed into law to avoid the so-called “fiscal cliff” also retroactively reinstated the 25C tax credits for high-efficiency HVAC and water heating equipment that expired at the end of 2011. The Air-Conditioning, Heating, and Refrigeration Institute (AHRI) reports that the legislation extends the tax credits from Jan. 1, 2012 through Dec. 31, 2013, for qualified equipment listed in Section 25C of the Internal Revenue Code. Because the credits were made retroactive to Jan. 1, 2012, they can be used for qualified equipment that was installed any time during the past year as well as going forward in 2013.

Qualified equipment includes:

• Air conditioners and heat pumps ($300 tax credit)
— Split system central air conditioner that achieves the highest efficiency CEE tier as of Jan. 1, 2009 (16 SEER; 13 EER)
— Packaged central air conditioner that achieves the highest efficiency CEE tier as of Jan. 1, 2009 (14 SEER; 12 EER)
— Split system electric heat pump that achieves the highest efficiency CEE tier as of Jan. 1, 2009 (8.5 HSPF; 12.5 EER; 15 SEER)
— Packaged electric heat pump that achieves the highest efficiency CEE tier as of Jan. 1, 2009 (8.0 HSPF; 12.0 EER; 14 SEER)

• Advanced main air circulating fan ($50 tax credit)
— A fan used in a natural gas, propane, or oil furnace with an annual electricity use of no more than 2 percent of the total energy use of the furnace

• Boilers ($150 tax credit)
— Natural gas, propane, or oil boiler with an AFUE of not less than 95

• Furnaces ($150 tax credit)
— Natural gas, propane, or oil furnace with an AFUE of not less than 95

• Water heaters ($300 tax credit)
— Electric heat pump water heaters with an energy factor of at least 2.0
— Natural gas, propane, or oil water heater with an energy factor of at least 0.82 or a thermal efficiency of at least 90 percent

Publication date: 12/31/2012

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2015 ACCA Conference

Images from the 2015 ACCA Conference in Grapevine, Texas. Posted on April 8, 2015.

Podcasts

NEWSMakers: Mark Crockett
Mark Crockett vice president, Crockett Facilities Services, explains the importance of technician training, the value of being a top minority-owned company in the U.S., current projects the company is managing, and much more. Posted on April 24.
More Podcasts

ACHRNEWS

NEWS 04-20-15 cover

2015 April 20

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Global Warming

Do you believe in man-made global warming?
View Results Poll Archive

HVACR INDUSTRY STORE

2015.jpg
2015 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con