Some – but not all – of John's Refrigeration products may qualify for the tax credit. We have included a summary of the bill as it applies to residential HVAC equipment:
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- Split system air conditioning efficiency requirements – 16 SEER/13 EER
(both efficiency levels must be met to qualify for the tax credit).
- Split system heat pump efficiency requirements – 15 SEER/12.5 EER/8.5 HSPF
(all three efficiency levels must be met to qualify for the tax credit).
- Gas furnace qualifying levels – 95% AFUE.
- Packaged A/C, H/P, or dual fuel products – 14 SEER, 12 EER, 8 HSPF.
- Maximum tax credit amount - $1500. The legislation specifies 30% of the cost of qualifying equipment, including installation costs, subject to a $1500 maximum per homeowner.
- The tax credit is effective for all qualified systems installed from 1/1/2009 through 12/31/2010.
- The tax credit is only valid for taxpayers that own their home and it is used as the principal residence.
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 Find out more information regarding the government’s summary of Energy Star products that are eligible for HVAC credits.
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. |
