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Federal Tax Credits For New Heaters & AC Units

The energy tax credits for Heating and Air Conditioning systems have been extended. How does this affect people in Amarillo?

The Tax Rebate Categories Are:

  • Central air conditioners (split systems and package units):$300
  • Heat pumps (air-to-air and ground source): $300
  • Furnaces (natural gas, propane, or oil; advanced main indoor circulating fan): $150
  • Variable-speed furnace fans: $50
  • Duct sealing: 10% of the material price
  • Other building improvements (windows, doors, insulation, hot water heaters)

For Homeowners:

  • Any of the above improvements must have been made from Jan. 1, 2016-December 31, 2016.
  • The SEER performance rating for your HVAC system must meet the federal requirements.
  • There is a limit (or cap) to what you can claim.

Be sure to check with your comfort advisor on any other improvements you have made in the past and have received a tax credit.

At Gary’s Heating and Air Conditioning, Inc., your comfort advisor will take the guesswork out and provide you with any AHRI certificates that you will need to apply for the tax credit. This way you will know when your new HVAC system is installed if it will qualify for the program.

What To Remember Before Replacing Your System

  1. Hire an HVAC contractor that does a Manual J Load Calculation prior to recommending unit sizes. Not only is it the law, but it will also save you money on utilities with properly sized equipment.
  2. Research any applicable Tax credits thoroughly and talk to your accountant to get all the details on how the Tax credits work. Do not rely on a contractor who may not know all the details.
  3. Make sure you know the SEER and EER rating for the unit you are installing. The SEER rating for tax credit must be a minimum 16 and the EER must be minimum 13.
  4. Always be sure your contractor is licensed and bonded.
  5. Verify that the installation meets local building codes. If you live in city limits, a permit should be pulled, and a city inspector should perform an inspection once the job is complete.