The reinstatement of what was known as the 25C tax credit provides for up to $500.00 in homeowner tax credit. As a bonus, the provision was made retroactive to include all qualifying installations starting January 1, 2012 as well as moving forward into 2013.
Qualifying installations must meet certain minimum standards.
Air Conditioners and Heat Pumps
Packaged electric heat pumps that achieve the highest efficiency CEE tier as of January 1, 2009 (8.0 HSPF; 12.00 EER: 14 SEER OR HIGHER)
***For more information please contact your tax consultant