HVAC Tax Credits and Dominion Energy Rebates

The Federal government has retroactively extended the HVAC tax credits for qualifying HVAC equipment installed in a principal residence and placed in service between January 1, 2018, and December 31, 2020. The attached certificates list the Amana, Goodman, and Daikin brand residential products identified as “Qualified Energy Property” as defined in Section 25C of the Internal Revenue Code (IRC), specific requirements, and the tax credit available.

HVAC Tax Credits are Retro Active back to January 1, 2018, and are Active through December 31, 2020

Total of $500 Tax Credits Available to Homeowners

Advanced Main Air Circulating Fan

If an advanced main air circulating fan is used in natural gas, propane, or oil furnace and has an annual electricity use of no more than 2 percent of the total annual energy use of the furnace (as determined in the standard Department of Energy test procedures), is installed in the homeowner's principal residence and is placed in service between January 1, 2018 and December 31, 2020, then the homeowner may qualify for a non-refundable tax credit under Section 25C of the IRC for expenditures made for the advanced main air circulating fan up to $50, subject to an overall lifetime limitation of $500 for all prior taxable years ending after December 31, 2005. Please click on the Tax Credit Certificate below for additional information and to determine if your model qualifies.

Home Heating Equipment (Furnaces)

Natural gas, propane, and oil furnaces with an annual fuel utilization efficiency rate (AFUE) of not less than 95 percent that are installed in the homeowner's principal residence and placed in service between January 1, 2018 and December 31, 2020 may qualify for a nonrefundable tax credit under Section 25C of the IRC for expenditures made for the furnace up to $150, subject to an overall lifetime limitation of $500 for all prior taxable years ending after December 31, 2005. Please click on the Tax Credit Certificate below for additional information and to determine if your model qualifies.

Home Cooling and Heating Equipment - Packaged Units

If installed in the homeowner's principal residence and placed in service between January 1, 2018 and December 31, 2020, the homeowner may qualify for a nonrefundable tax credit under Section 25 of the IRC up to $300 for expenditures made for the packaged unit, subject to an overall lifetime limitation of $500 for all prior taxable years ending after December 31, 2005, of certain home cooling and heating packaged units achieving the following efficiencies:

  • Packaged Air Conditioners: a cooling efficiency of greater than or equal to 14 SEER and 12 EER.
  • Packaged Heat Pumps: a cooling efficiency of greater than or equal to 14 SEER, 12 EER, and a heating efficiency of greater than or equal to 8.0 HSPF.

Home Air Conditioning and Heat Pump - Split Systems

If installed in the homeowner’s principal residence and placed in service between January 1, 2018 and December 31, 2020, the homeowner may qualify for a nonrefundable tax credit under Section 25C of the IRC for expenditures made for a split system up to $300, subject to an overall lifetime limitation of $500 for all prior taxable years ending after December 31, 2005. The products listed in the attachment are properly matched with a correct indoor coil and/or furnace to achieve the energy efficiency criteria required to qualify for the tax credit:

  • Air Source Heat Pumps: a cooling efficiency of greater than or equal to 15 SEER, 12.5 EER or higher, and heating efficiency of greater than or equal to 8.5 HSPF.
  • Central Air Conditioners: a cooling efficiency of greater than or equal to 16 SEER and 13 EER. Please click on the Tax Credit Certificate below for additional information and to determine if your model qualifies.

Please click on the Tax Credit Certificate below for additional information and to determine if your model qualifies.

Amana Tax Credit Certificates:

 Advanced Main Air Circulating Fan Tax Credit Certificate
 Home Heating Equipment (Furnaces) Tax Credit Certificate
 Home Cooling and Heating Equipment: Packaged Units Tax Credit Certificate
 Home Air Conditioning and Heat Pump Split Systems Tax Credit Certificate

Links to Tax Certificates for Amana Equipment are Below:

https://www.amana-hac.com/resources/tax-credits

 

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Dominion Energy Rebates

Customers that use Dominion Energy for natural gas in their home or business will receive rebates when they have qualifying equipment installed.

Humphrey Plumbing Heating and Air installs these high-efficiency products and we can help you with the rebate forms. The most common of these appliances are listed below:

  • 95% efficient furnace $300
  • 97.5% efficient furnace with an ECM motor $350
  • 85% to 94.9% efficient residential gas boiler $400
  • 95% efficient residential gas boiler $600
  • Tankless Water Heater $300
  • Smart Thermostat $50

For more information please visit Thermwise.com