Federal Tax Credits Have Returned!

If you installed high-efficiency equipment in the last year, your customers may be eligible for a tax credit from the U.S. government. The same goes for any high-efficiency installations that you perform in 2016. There are several conditions that must be met to qualify, so we’ve put together a handy quick-reference guide for our customers to help them understand the program.

What is eligible?

There are four available tax credits that pertain to products sold by Able Distributors.

  1. 95%+ AFUE Gas-Fired Furnaces: Any gas- or oil-fired furnace with an Annual Fuel Utilization Efficiency rating of 95% or greater qualifies for a federal tax credit of $150.
  2. 95%+ AFUE Gas-Fired Boilers: Any gas- or oil-fired boiler with an Annual Fuel Utilization Efficiency rating of 95% or greater qualifies for a federal tax credit of $150.
  3. 16+ SEER/13+ EER Central Split Air-Conditioning Condensers: Any split A/C condensers with a SEER rating greater than 16 and an EER rating greater than 13 qualify for a federal tax credit of $300.
  4. ECM Blower Motors: Any blower that utilizes 2% or less of a furnace’s total energy consumption qualifies for a federal tax credit of $50.

What are the installation requirements?

These are the additional installation conditions that must be met to qualify for the federal tax credits listed above.

  1. The equipment must be installed in 2015 or 2016. Installations made in 2015 qualify for a federal credit on their taxes this year. Installations from 2016 will qualify for a tax credit when they file in early 2017.
  2. Equipment must be installed in an existing home, installations in new construction do not
  3. Equipment must be installed in a primary residence, installation in rental properties do not

How do my customers apply?

Below are links to the 2015 tax form and instructions on filling it out. If you have any questions about whether equipment qualifies for a federal tax credit, please don’t hesitate to ask your Able Distributors sales staff for guidance!

IRS Tax Form #5695 – Energy Efficiency Tax Credits | Instructions for IRS Tax Form #5695

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