Energy-Efficient Tax Credits
Solar Credit (25D) – Available through 2016
The U.S. government offers a tax credit (Solar Tax Credit, 25D) for up to 9% of the total retail cost of the solar-ready heat pump or air conditioner when applying solar modules. Also covered under 25D, 30% of the cost with no upper limit on solar module installation.
HVAC Credit (25C) – Available for equipment purchased and installed in 2012 – 2013
In December 2012, the American Taxpayer Relief Act of 2012 was signed, extending tax credits on high-efficiency heating and cooling equipment purchased and installed from January 1, 2012 through December 31, 2013. This credit (Residential Energy Credit, 25C) covers up to 10% of cost up to $500 or a specific amount from $50 – $300 on energy-efficient improvements made in 2012-2013 on qualifying systems and is offered as part of a larger energy efficiency incentive for home improvements. If you claimed $500 or more for enhancements to your home’s exterior (windows, doors, skylights, insulation, roofing, etc.) from 2006 to 2011, your HVAC purchase made in 2012-2013 will be ineligible for a tax credit. If you claimed $500 or less, you may qualify for a credit, but you may not get the full dollar amount specified.
Claiming 2012-2013 Energy Tax Credits
You can take advantage of energy tax credits by taking three steps:
- Determine if the system you have purchased and installed between January 1, 2012 and December 31, 2013 is eligible by calling Apple Air at 407-654-3777. We also advise you to consult your tax expert and visit one of the following sites for full details on eligible products:
Internal Revenue Service
U.S. Department of Energy
- Save the manufacturer’s certification statement form you will obtain from Apple Air.
- Use IRS form 5695 when claiming your 2012 or 2013 Residential Energy Credit.