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Are you asking yourself that question as to What is included in the 2013 Federal Tax Credit for Energy Efficiency? Well, you came to the right place!




tax credit picIf you haven’t taken advantage of the prior version of the Fed Tax credit in the past years, now is the time to take advantage of it.








Specifically, the following:



Advanced Main Air Circulating Fan

An Advanced Main Air Circulating Fan is an efficient fan, or blower motor which blows the air that your furnace heats up through the duct system.

Tax Credit Amount: $50
Requirements

Must use no more than 2% of the furnace’s total energy.



Air Source Heat Pumps

Air Source Heat PumpsHeat pumps offer an energy-efficient alternative to furnaces and air conditioners in moderate climates. Like your refrigerator, heat pumps use electricity to move heat from a cool space into a warm, making the cool space cooler and the warm space warmer. During the heating season, heat pumps move heat from the cool outdoors into your warm house; during the cooling season, heat pumps move heat from your cool house into the warm outdoors. Because they move heat rather than generate heat, heat pumps can provide up to 4 times the amount of energy they consume.

Tax Credit Amount: $300
Requirements

Split Systems:
HSPF ≥ 8.5
EER ≥ 12.5
SEER ≥ 15

Package systems:
HSPF ≥ 8
EER ≥ 12
SEER ≥ 14



Central Air Conditioning (CAC)

Central Air Conditioning (CAC)The best way to find tax credit eligible CACs is to ask your HVAC Contractor (Heating Ventilation and Air Conditioning). To verify tax credit eligibility, ask your HVAC contractor to provide the Manufacturer Certification Statement for the equipment you plan to purchase. Or, search the Manufacturer’s website.

Tax Credit Amount: $300
Requirements

Split Systems:
SEER ≥ 16
EER ≥ 13

Package systems:
SEER ≥ 14
EER ≥ 12



Gas, Propane, or Oil Hot Water Boiler

Gas, Propane, or Oil Hot Water Boiler. These are heating units that use water circulated throughout the home in a system of baseboard heating units, radiators, and/or in-floor radiant tubing.

Tax Credit Amount: $150
Requirements

AFUE ≥ 95

Tax Credit includes installation costs.



Natural Gas, Propane or Oil Furnace

Natural Gas or Propane Furnace. A furnace uses the combustion of fuel and air to create heat.

Tax Credit Amount: $150
Requirements
AFUE ≥ 95



The following applies to the 3 product categories below:
Tax Credit:
30% of cost with no upper limit
Expires:
December 31, 2016
Details:
Existing homes & new construction qualify. Both principal residences and second homes qualify. Rentals do not qualify.

Geothermal Heat Pumps

Geothermal heat pumps are similar to ordinary heat pumps, but use the ground instead of outside air to provide heating, air conditioning and, in most cases, hot water. Because they use the earth’s natural heat, they are among the most efficient and comfortable heating and cooling technologies currently available.
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Requirements

Must meet the requirements of the ENERGY STAR program which are in effect at the time of the expenditure.

Water-to-Air
Closed Loop:
EER ≥ 17.1
COP ≥ 3.6
Open Loop:
EER ≥ 21.1
COP ≥ 4.1

Water-to-Water
Closed Loop:
EER ≥ 16.1
COP ≥ 3.1
Open Loop:
EER ≥ 20.1
COP ≥ 3.5

Direct Expansion:
EER ≥ 16
COP ≥ 3.6



Solar Panels (Photovoltaic Systems)

Solar Panels or Photovoltaic Systems are solar cells that capture light energy from the sun and convert it directly into electricity.
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Requirements

Photovoltaic systems must provide electricity for the residence, and must meet applicable fire and electrical code requirement.




For complete details on how to claim your Federal Tax Credit please reference: http://energystar.supportportal.com/ics/support/kbanswer.asp?deptID=23018&task=knowledge&questionID=16629

The Walton Team
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