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Tax Credits IRS

2011 Tax Credit Extension

As part of the recently passed tax bill, the 25C tax extension for residential high efficiency property has been extended for one year. The maximum tax credit that can be claimed has been reduced from $1500 to $500 for 2011. In addition, the 2011 tax credits have placed maximum amounts that can be claimed for the various components of the HVAC system, such as a $150 maximum tax credit for a 95% gas furnace and $300 for an air conditioner or heat pump. These component maximum amounts are additive to the $500 maximum lifetime tax credit.

Most of the HVAC qualifying efficiency levels have remained the same. The only exceptions are boilers and oil furnaces, where the qualifying efficiency has been increased from 90 AFUE to 95 AFUE. The following chart summarizes the difference between the 2009-10 tax credits and the newly passed 2011 tax credits. Changes in the tax credits for 2011 are highlighted in red

Product	2009-2010 Tax Credit	2011 Tax Credit
General Provision	30% of installed cost up to $1500	10% of installed cost, up to $500
Central AC	Split System:16 SEER & 13 EER Packaged Unit: 14 SEER & 12 EER 30% of installed cost, $1500 max	Split System:16 SEER & 13 EER Packaged Unit: 14 SEER & 12 EER 10% of installed cost, $300 max
Furnaces	Gas Furnace: 95 AFUE Oil Furnace: 90 AFUE Boilers: 90 AFUE 30% of installed cost, $1500 max	Gas Furnace: 95 AFUE Oil Furnace: 95 AFUE Boilers: 95 AFUE 10% of installed cost, $150 max
Efficient Indoor Fan	30% of cost of fan, $1500 max	$50
Heat Pump	Split System: 15 SEER, 12.5 EER. 8.5 HSPF Packaged Unit: 14 SEER, 12 EER, 8 HSPF 30% of installed cost, $1500 max	Split System: 15 SEER, 12.5 EER. 8.5 HSPF Packaged Unit: 14 SEER, 12 EER, 8 HSPF 10% of installed cost, $300 max
* Consumers should consult a tax professional to ensure they qualify for the tax credit. Effective 2011 calendar year.

Find out more information regarding the government’s summary of Energy Star products that are eligible for HVAC credits.

Identify your product and Download the Certificate here

Back to Trane Energy Tax Credit Summary page

The IRS is responsible for the implementation of the tax incentive portions of the legislation, so details of how this tax credit will be administered will be included in future IRS rules. As soon as the IRS releases its applicable rules, Trane will communicate to its independent distributors and dealers, what documentation homeowners will need, how it is to be filed and where they can get the required documentation. Please check with your dealer or revisit this page for updated information coming soon.