This year the government extended the previously expired non business energy property tax credits on residential air conditioning equipment.
Air source heat pump tax credit.
This means that certain qualifying air conditioners and heat pumps installed through december 31 2020 are eligible for a 300 tax credit.
Any new upgrades must have the energy star approval.
Electric heat pump water heater.
Called heat pumps or ground source heat pumps as opposed to the more common air source equipment.
They are far more efficient than air source heat pumps hence the offer of tax credits.
Boilers furnaces and fans powered by oil propane and gas.
300 requirements uniform energy factor uef 0 82 or a thermal efficiency of at least 90.
Popular improvement such as insulation new windows doors highlights and roofs are eligible for this tax credit but you won t be able to claim the installation costs.
Water heaters account for 12 of the energy consumed in your home.