{"id":3123,"date":"2020-03-07T17:48:08","date_gmt":"2020-03-07T21:48:08","guid":{"rendered":"https:\/\/hbmcclure.com\/hbhome\/blog\/federal-tax-credits\/"},"modified":"2025-01-13T09:16:34","modified_gmt":"2025-01-13T13:16:34","slug":"federal-tax-credits","status":"publish","type":"post","link":"https:\/\/hbmcclure.com\/hbhome\/blog\/federal-tax-credits\/","title":{"rendered":"Federal Energy Property Tax Credits"},"content":{"rendered":"\n\t<section class=\"wysiwyg  section-margins bg-white\" id=\"wysiwyg-block_0d71d10625e2feeb7f37247df1009fd8\">\n        <div class=\"container\">\n            <div class=\"row\">\n                <div class=\"col-lg-10 col-lg-offset-1\">\n                    <h2><img decoding=\"async\" class=\"size-full wp-image-6923 aligncenter\" src=\"https:\/\/hbmcclure.com\/hbhome\/wp-content\/uploads\/2020\/03\/hb-federal-energy-tax-credits.png\" alt=\"\" width=\"1053\" height=\"617\" srcset=\"https:\/\/hbmcclure.com\/hbhome\/wp-content\/uploads\/2020\/03\/hb-federal-energy-tax-credits.png 1053w, https:\/\/hbmcclure.com\/hbhome\/wp-content\/uploads\/2020\/03\/hb-federal-energy-tax-credits-300x176.png 300w, https:\/\/hbmcclure.com\/hbhome\/wp-content\/uploads\/2020\/03\/hb-federal-energy-tax-credits-1024x600.png 1024w, https:\/\/hbmcclure.com\/hbhome\/wp-content\/uploads\/2020\/03\/hb-federal-energy-tax-credits-768x450.png 768w\" sizes=\"(max-width: 1053px) 100vw, 1053px\" \/>Equipment Tax Credits for Primary Residences<\/h2>\n<p>In January, Federal Energy Property Tax Credits were reinstated and applied retroactively from 12\/31\/2017 through 12\/31\/2021. These Federal Tax Credits are up to $300 and are applicable to primary residences only. Please consult your tax professional to see how this program applies to your circumstances. Here\u2019s an overview of the available Federal Tax Credits:<\/p>\n<h3>Air Source Heat Pumps<\/h3>\n<p>Heat pumps that are ENERGY STAR certified meet the requirements for this tax credit.<\/p>\n<p>Tax Credit Amount: $300<\/p>\n<p><strong>Requirements<\/strong><br \/>\n<em><strong>Split Systems:<\/strong><\/em><br \/>\nHSPF &gt;= 8.5<br \/>\nEER &gt;= 12.5<br \/>\nSEER &gt;= 15<\/p>\n<p><em><strong>Package systems:<\/strong><\/em><br \/>\nHSPF &gt;= 8<br \/>\nEER &gt;= 12<br \/>\nSEER &gt;= 14<\/p>\n<p><a href=\"https:\/\/www.energystar.gov\/about\/federal_tax_credits_consumer_energy_efficiency_definitions\" target=\"_blank\" rel=\"noopener\">See Definitions.<\/a><\/p>\n<p><strong>More Information<\/strong><\/p>\n<p><a href=\"https:\/\/energystar-mesa.force.com\/ENERGYSTAR\/s\/article\/How-Do-I-Apply-for-the-Tax-Credit-1600088463236\" target=\"_blank\" rel=\"noopener\">How to apply<\/a><\/p>\n<hr \/>\n<h2>Central Air Conditioning<\/h2>\n<p>Air conditioners recognized as ENERGY STAR Most Efficient meet the requirements for this tax credit. To verify tax credit eligibility, ask your HVAC contractor to provide the Manufacturer Certification Statement for the equipment you plan to purchase.<\/p>\n<p>Tax Credit Amount: $300<\/p>\n<p><strong>Requirements<\/strong><br \/>\n<em><strong>Split Systems:<\/strong><\/em><br \/>\nSEER&gt;= 16<br \/>\nEER &gt;= 13<\/p>\n<p><strong>Package systems:<\/strong><br \/>\nSEER &gt;= 14<br \/>\nEER &gt;= 12<\/p>\n<p><a href=\"https:\/\/www.energystar.gov\/about\/federal_tax_credits_consumer_energy_efficiency_definitions\" target=\"_blank\" rel=\"noopener\">See definitions.<\/a><\/p>\n<p><strong>More Information<\/strong><\/p>\n<p><a href=\"https:\/\/energystar-mesa.force.com\/ENERGYSTAR\/s\/article\/How-Do-I-Apply-for-the-Tax-Credit-1600088463236\" target=\"_blank\" rel=\"noopener\">How to apply<\/a><\/p>\n<hr \/>\n<h2>Gas, Propane, or Oil Hot Water Boiler<\/h2>\n<p>Gas powered boilers that are recognized as ENERGY STAR Most Efficient meet the requirements of this tax credit.<\/p>\n<p>Tax Credit Amount: $150<\/p>\n<p><strong>Requirements<\/strong><br \/>\nAFUE &gt;= 95<\/p>\n<p>Tax Credit includes installation costs.<\/p>\n<p><a href=\"https:\/\/www.energystar.gov\/about\/federal_tax_credits_consumer_energy_efficiency_definitions\" target=\"_blank\" rel=\"noopener\">See definitions.<\/a><\/p>\n<p><strong>More Information<\/strong><\/p>\n<p><a href=\"https:\/\/energystar-mesa.force.com\/ENERGYSTAR\/s\/article\/How-Do-I-Apply-for-the-Tax-Credit-1600088463236\" target=\"_blank\" rel=\"noopener\">How to apply<\/a><\/p>\n<hr \/>\n<h2>Gas, Propane, or Oil Furnaces and Fans<\/h2>\n<p>Gas furnaces that are ENERGY STAR certified (except those for U.S. South only) meet the requirements for the furnace tax credit. Gas and oil furnaces that have earned the ENERGY STAR include fans that meet the requirements of the fan tax credit.<\/p>\n<p>Tax Credit Amount: $150<\/p>\n<p><strong>Requirements<\/strong><br \/>\nAFUE &gt;= 95<\/p>\n<hr \/>\n<h2>Water Heaters (non-solar)<\/h2>\n<p>Gas, Oil, Propane Water Heater<br \/>\nCertain ENERGY STAR certified gas water heaters meet the requirements for this tax credit. Water heaters account for 12% of the energy consumed in your home.<\/p>\n<p>Tax Credit Amount: $300<\/p>\n<p><strong>Requirements<\/strong><br \/>\nUniform Energy Factor (UEF) &gt;= 0.82 OR a thermal efficiency of at least 90%.<\/p>\n<p><strong>More Information<\/strong><\/p>\n<p><a href=\"http:\/\/energystar-mesa.force.com\/ENERGYSTAR\/s\/article\/How-Do-I-Apply-for-the-Tax-Credit-1600088463236\" target=\"_blank\" rel=\"noopener\">How to apply<\/a><\/p>\n<hr \/>\n<h2>Electric Heat Pump Water Heater<\/h2>\n<p>Most ENERGY STAR certified water heaters meet the requirements of this tax credit. Water heaters account for 12% of the energy consumed in your home.<\/p>\n<p>Tax Credit Amount: $300<\/p>\n<p>Requirements<br \/>\nUniform Energy Factor (UEF) &gt;= 2.2<\/p>\n<hr \/>\n<h2>Non-Business Energy Property Tax Credits<\/h2>\n<p>Retroactively extended from 12\/31\/2017 to 12\/31\/2020.<\/p>\n<p>Tax Credit: 10% of cost up to $500 or a specific amount from $50 to $300<\/p>\n<p>Learn more about <a href=\"https:\/\/www.energystar.gov\/about\/federal_tax_credits\/non_business_energy_property_tax_credits\" target=\"_blank\" rel=\"noopener\">Federal Tax Credits<\/a>.<\/p>\n                <\/div>\n            <\/div>\n        <\/div>\n    <\/section>\n","protected":false},"excerpt":{"rendered":"<p>In January, Federal Energy Property Tax Credits were reinstated and applied retroactively from 12\/31\/2017 through 12\/31\/2021. These Federal Tax Credits are up to $300 and are applicable to primary residences only. Please consult your tax professional to see how this program applies to your circumstances.<\/p>\n","protected":false},"author":6,"featured_media":6923,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[30],"tags":[],"class_list":["post-3123","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-promotions"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Federal Energy Property Tax Credits Reinstated | HB Home Service Team<\/title>\n<meta name=\"description\" content=\"Federal Energy Property Tax Credits were reinstated and applied retroactively from 12\/31\/2017 through 12\/31\/2020. 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