Find Out If You Qualify for These HVAC Tax Credits and Rebates Published on April 12, 2016 It’s that time of year again…tax season! Tax season is never fun, UNLESS you’re getting a little something back! Service Experts Heating & Air Conditioning is bringing you the HVAC tax credits and rebates from EnergyStar® that you can earn in 2016 if you decide to upgrade your home to be more energy-efficient with one of these familiar 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: If you choose a split system:HSPF >= 8.5EER >= 12.5SEER >= 15Qualifications 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: Split System:EER >= 13SEER >= 16Qualifications for package system:EER >= 12SEER >= 14 Gas, Propane, or Oil Furnaces and Fans You can also earn up to $150 in tax credits and rebates if you invest in a qualified gas and/or oil furnaces. Below are the requirements for the HVAC tax credits and rebates on gas and/or oil furnaces: For furnaces:AFUE ≥ 95For fans:Annual electricity use ≤ 2% of total furnace energy Water Heaters (non-solar) For approved non-solar water heaters, you can earn up to $300 in tax credits and rebates. The requirements for the HVAC tax credits are below: Electric heat pump :Energy factor ≥ 2.0Gas, 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 way and choose a geothermal heat pump, which is more efficient since they use the earth’s natural heat, you can earn 30% of cost (no upper limits apply) back in HVAC tax credits and rebates. Due to the variety of geothermal heat pumps, the requirements are provided 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 choose to buy a solar water heater, you can also get 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, state 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. Note that these HVAC tax credits and rebates only apply to existing homes and new construction that are principle residences or second homes. Rental properties do not quality for these credits and rebates. Below are definitions for reference: HSPF – Heating Seasonal Performance FactorSEER – Seasonal Energy Efficiency RatioCOP – Coefficient of PerformanceEER – Energy Efficient Ratio Whew, that was A LOT of information. For more 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 gladly walk you through the options and choose the best heating and cooling system for your residence. Call now for your no-charge in-home Home Comfort Analysis.