Absolute Air Solutions - 866.681.HVAC (4822)

25C Residential Tax Credits

The information below applies to qualified products installed from January 1, 2012, to December 31, 2013.

Background: On January 2, 2013, President Obama signed legislation extending the following tax credits through December 31, 2013.

Tax Credit Details for Homeowners:

  • The efficiency levels required reflect the highest tier of the CEE High-efficiency Specification for Residential HVAC Systems as of January 1, 2009.
  • Improvements made in 2012 will be claimed on your 2012 taxes (filed by April 15, 2013)
  • The lifetime credit cap of $500 was reinstated.
  • If you have claimed more than $500 in 25C tax credits since January 1, 2005, you are disqualified from any further credits.
  • A Manufacturer’s Certification is a signed statement from the manufacturer certifying that the product or component qualifies for the tax credit. The IRS encourages manufacturers to provide these Certifications on their website to facilitate identification of qualified products. Taxpayers must keep a copy of the certification statement for their records, but do not have to submit a copy with their tax return.

    How to Obtain the Tax Credit Eligible contractors need to fill out IRS Form 8908 to get the tax credit. The IRS has provided the following guidance regarding the tax credits for constructing energy efficient new homes available under the Energy Policy Act of 2005: IRS Notice 2006–27 provides guidance for the credit for building energy efficient homes other than manufactured homes.

 

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