We are happy to announce new Federal Energy Tax Credits for 2015 and 2016. Below is a summary of the credits. Give us a call at 952-746-5200 for more information on what credits may apply to your situation.
The 25(c) tax credits are back. Here is a summary:
Tax Credit Summary
- $50 Tax Credit for Furnaces with an Advanced Main Air Circulating Fan
- $150 Tax Credit for furnaces with an AFUE of 95%+
- $300 Tax Credit for air conditioners achieving 16 SEER/13 EER
- $300 Tax Credit for heat pumps achieving 15 SEER/12.5 EER/8.5 HSPF
Explanation of Provision
The provision extends the credit for two years, through December 31, 2016.
The provision is effective for property placed in service after December 31, 2014. The modification to the credit applies to property placed in service after December 31, 2015. (This means that the tax credit is retroactive for 2015 and will run through 2016)
Give us a call at 952-746-5200 for more detail information on these Federal Energy Tax Credits.