View our Service Area

Savings on Energy Efficient Equipment are Back!

Apr. 05, 2013

If you’re in the market for a new high-efficiency furnace, heat pump, air conditioning system or water heater, you’re in luck!  The high-efficiency heating, cooling, ventilation, and water heating tax credits that expired on December 31, 2011 have been reinstated and extending through the end of 2013.

The Energy Improvement and Extension Act of 2008, in conjunction with Internal Revenue Code Section 25C, allowed for tax credits for equipment of specific efficiency levels.

The tax credits have very specific requirements:

  1. Central air conditioners, $300 credit
    1. Split systems must be at least 16 SEER or 13 EER
    2. Packaged systems must be at least 14 SEER or 12 EER
  2. Electric heat pumps, $300 credit
    1. Split systems must be at least 8.5 HSPF; 12.5 EER; or 15 SEER
    2. Packaged systems must be at least 8.0 HSPF; 12.0 EER; or 14 SEER
  3. Furnaces, $150 credit
    1. Must be natural gas, oil, or propane
    2. AFUE of 95 or greater
  4. Boilers, $150 credit
    1. Must be natural gas, oil, or propane
    2. AFUE of 95 or greater
  5. Water heaters, $300 credit
    1. Natural gas, oil, or propane water heaters must be 90% efficient or have an energy factor of at least 0.82.
    2. Electric heat pump water heaters must have an energy factor of 2.0 or more.
  6. Advanced main air circulating fans, $50 credit
    1. Must be used in a natural, gas, propane, or oil furnace
    2. Annual electricity use must me no more than two percent of the furnace’s total energy use.

If you purchased any of these products in 2012, be sure to claim all the tax credits to which you are entitled.  If you’ve been thinking about installing new heating and cooling equipment, a new water heater, or whole-house fan in your home, this is the year to do it.  When you take into account the tax credit, you can more easily afford to upgrade a mid-efficiency unit to a high-efficiency unit.  It will save you hundreds of dollars over the life of the unit, and that’s lucky indeed!

 

Source: 

www.energystar.gov

Bookmark and Share
Looking for a career?
View Available Positions
Looking for a career?
View Available Positions

Contact Us

Thornton & Grooms
24565 Hallwood Ct
Farmington Hills, MI 48335
(248) 644-7810
MI Plumbing Lic. #: 8106666
MI Contractors Lic. #: 7100232
View service area

Follow us on our social networks for special updates and offers!

Hearts and Heroes

Hearts & Heroes

Help Thornton and Grooms Give Back to the Community With Your Vote! Cast your vote for your favorite charity to give them a chance at a $1000 donation from Thornton and Grooms.

Hearts and Heroes Past Winners ButtonHearts and Heroes Nominate Button