Find Out If You Qualify for These HVAC Tax Credits and Rebates Published on April 12, 2016 Is it already tax season…again?! Tax season is never fun, UNLESS you’re getting a little something back! Mountainwest Service Experts Heating & Air Conditioning is bringing you the HVAC tax credits and rebates from EnergyStar® that you can receive in 2016 if you decide to upgrade your home to be more energy-efficient with one of these familiar systems. Air Source Heat Pumps Earn up to $300 in HVAC tax credits and rebates with a qualified air source heat pump. Qualifications are below: Split System:HSPF >= 8.5EER >= 12.5SEER >= 15Qualifications for package system:HSPF >= 8EER >= 12 SEER >= 14 Central Air Conditioning (CAC) Investing in a qualified central air conditioning system can also earn you $300 in HVAC tax credits and rebates. See below to see if your system qualifies: Requirements for split system:EER >= 13SEER >= 16Package System:EER >= 12SEER >= 14 Gas, Propane, or Oil Furnaces and Fans Earn up to $150 in HVAC tax credits and rebates with a qualified gas and/or oil furnace. Qualifications are below: 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: Qualifications for an electric heat pump:Energy factor ≥ 2.0For gas, oil, or propane:Energy factor ≥ 0.82 or Thermal efficiency of at least 90% Geothermal Heat Pumps If you decide to go the geothermal heating route 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 types, the requirements are listed 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 purchase a solar water heater, you can also earn 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. Keep in mind the HVAC tax credit and rebates do not cover 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. Remember these HVAC tax credits and rebates only apply to existing homes and new construction that are principle residences or second homes. Rental properties are not included in these credits and rebates. Below are definitions for reference: HSPF – Heating Seasonal Performance FactorSEER – Seasonal Energy Efficiency RatioCOP – Coefficient of PerformanceEER – Energy Efficient Ratio Geez, that was a TON of information. For additional 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, Mountainwest Service Experts Heating & Air Conditioning will help walk you through the options and choose the best heating and cooling system for your house. Call us for your free in-home Home Comfort Analysis.