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On January 1st, 2013, Congress passed the American Taxpayer Relief Act of 2012. In it was an extension of the 25C Residential Energy-Efficiency Tax Credit through Dec. 31, 2013.

The tax credit has a $500 limit allowing homeowners who purchase qualifying high-efficiency HVAC/R or water-heating equipment the opportunity to claim up to $500 of the cost.

 

There is qualifying energy-efficient equipment in the following categories:

Water Heaters   ($300 Tax Credit)

Furnaces ($150 tax credit)

Boilers ($150 tax credit)

Air Conditioners and Heat Pumps ($300 Tax Credit)

Advanced Main Air-Circulating Fan ($50 Tax Credit)

 

For more information on qualified equipment, you can go to the following link:

http://www.achrnews.com/articles/122035-fiscal-cliff-deal-includes-hvac-tax-credit

 

Consult your accountant or tax preparer for additional guidance on eligibility.