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Home Heating Equipment Upgrades that are Eligible for Tax Credits – Boston, Worcester

09 Oct 2013

Are you interested in saving money on home heating this winter? Good, because home heating experts say that heating bills will be high this winter. Now is the time to replace your home heating system. And while you are at it, you can also take advantage of the tax credit for energy-efficient upgrades which expired at the end of the year.

Call a plumber if you want to more efficiently heat your home this winter and for many winters to come. Replacing and upgrading heating systems makes you eligible for up to a $500 tax credit.

Claims can only be made for your primary residence. Here are the details on what heating system upgrades or HVAC upgrades qualify:

Heating, cooling, and water heating –

  • Homeowners who buy HVAC equipment that meets federal requirements can apply for tax credits equal to the full cost of the equipment up to the following caps:
  • Advanced main air circulating fan: $50.
  • Natural gas, propane, or oil furnace or new hot water boiler with an annual fuel utilization rate of 95 or greater: $150.
  • Electric heat pump water heater with an energy factor of at least 2.0: $300.
  • Electric heat pump that achieves the highest efficiency tier established by the Consortium for Energy Efficiency (CEE): $300.
  • Central air conditioner that achieves the highest efficiency tier established by the CEE: $300.
  • Natural gas, propane, or oil water heater that has either an energy factor of at least 0.82 or a thermal efficiency of at least 90 percent: $300.
  • Biomass stoves that use plant-derived fuel such as wood pellets: $300.

For more information and to take advantage of tax credits, contact Greater Boston Plumbing and Heating.

Qualifying information from Consumer Reports