Tax Certificates for Extended Federal Tax Credit Program of Qualifying Residential Indoor Comfort Systems
The Federal government has retroactively extended the HVAC tax credits for qualifying HVAC equipment installed in a principal residence and placed in service between January 1, 2018, and December 31, 2020. The attached certificates list the Daikin brand residential products identified as “Qualified Energy Property” as defined in Section 25C of the Internal Revenue Code (IRC), specific requirements, and the tax credit available.
Advanced Main Air Circulating Fan
If an advanced main air circulating fan is used in a natural gas, propane, or oil furnace and has an annual electricity use of no more than 2 percent of the total annual energy use of the furnace (as determined in the standard Department of Energy test procedures), is installed in the homeowner's principal residence and is placed in service between January 1, 2018 and December 31, 2020, then the homeowner may qualify for a non-refundable tax credit under Section 25C of the IRC for expenditures made for the advanced main air circulating fan up to $50, subject to an overall lifetime limitation of $500 for all prior taxable years ending after December 31, 2005. Please click on the Tax Credit Certificate below for additional information and to determine if your model qualifies.
Home Heating Equipment
Natural gas, propane, and oil furnaces with an annual fuel utilization efficiency rate (AFUE) of not less than 95 percent that are installed in the homeowner's principal residence and placed in service between January 1, 2018 and December 31, 2020 may qualify for a nonrefundable tax credit under Section 25C of the IRC for expenditures made for the furnace up to $150, subject to an overall lifetime limitation of $500 for all prior taxable years ending after December 31, 2005. Please click on the Tax Credit Certificate below for additional information and to determine if your model qualifies.