Tax Credits
Products Eligible for Tax Credits Through 2011
Biomass Stoves
Credit: $300
When and Where: 2011 only Existing primary residence
Requirements: Biomass stoves Thermal efficiency rating of at least 75% as measured using a lower heating value. *Credit includes installation costs.
About: Biomass stoves burn biomass fuel to heat a home or heat water. “Biomass fuel” includes agricultural crops and trees, wood and wood waste and residues (including wood pellets), plants (including aquatic plants), grasses, residues, and fibers.
Learn more about:
•Wood and pellet heating systems
•Burning wood safely and efficiently
HVAC
Credit: Multiple
When and Where: 2011 only Existing primary residence
Central Air Conditioning
Credit = $300 Split Systems:
EER >=13; SEER >= 16
Package systems:
EER >= 12; SEER >= 14
Credit includes installation costs.
Learn more about:
•Air conditioners and efficiency ratings•Split systems vs. package systems
You may need to replace both your heating and cooling systems to qualify for the tax credit. Learn why.
Not all ENERGY STAR products qualify.
Electric Heat Pumps
Credit = $300 Split Systems:
HSPF >= 8.5; EER >= 12.5; SEER >= 15
Package systems:
HSPF >= 8; EER >= 12; SEER >= 14
Credit includes installation costs.
Learn more about:
•Air-source heat pumps and efficiency ratings
•Split systems vs. package systems
Not all ENERGY STAR products qualify.
Furnaces and Boilers
Credit = $150 Natural Gas or Propane Furnace: AFUE >= 95
Oil Furnace: AFUE >= 90
Gas, Propane, or Oil Hot Water Boiler: AFUE >= 90
Credit includes installation costs.
Learn more about:
•Furnaces and boilers and efficiency ratings
Not all ENERGY STAR products qualify.
Advanced Main Air Circulating Fan
Credit = $50 No more than 2% of furnace total energy use.
If the fan is qualified but the furnace is not, you can get a 30% tax credit on the cost of the fan alone. Ask your contractor to break out the cost.
