ARRA Tax Credits for Home Owners Through 2013

Last Updated:
Thu, 2014-07-31 16:53
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Congress has updated the home owner tax credits for the American Recovery and Reinvestment Act (ARRA) for 2013.

The Results: Claim up to $500 dollars back in tax returns from installing qualified energy-efficient products (products listed at the bottom).

The Good News: Because the previous ARRA tax credits expired December 31 2011, the updated tax credit is retroactive from that date. This means, any qualifying products installed after December 31, 2011 are eligible for the tax credit until December 31, 2013.

ARRA tax creditThe Bad News: The updated 2013 tax credit available is drastically less than the previous ARRA tax credit initiated in 2009, which allowed home owners to claim up to $1500 in tax return from energy-efficient home improvement projects. Regardless, $500 dollars tax credit is better than no tax credit. And, if your home is in serious need of a HVAC system upgrade, now is the time to act. Stay tuned to Everblue's blog for up-to-date energy efficiency tax credit and incentive information.

ARRA Qualifying Products:

Water Heaters ($300 Tax Credit)

• Electric heat pump water heaters with energy factors of at least 2.0

• Natural gas, propane, or oil water heaters with energy factors of at least 0.82 or thermal efficiencies of at least 90 percent

Furnaces ($150 Tax Credit)

• Natural gas, propane, or oil furnaces with AFUE ratings of not less than 95 percent

Boilers ($150TaxCredit)

• Natural gas, propane, or oil boilers with AFUE ratings of not less than 95 percent

Air Conditioners and Heat Pumps ($300 Tax Credit)

• Split-system central air conditioners that achieve the highest-efficiency CEE tier as of Jan. 1, 2009 (16 SEER; 13 EER)

• Packaged central air conditioners that achieve the highest-efficiency CEE tier as of Jan. 1, 2009 (14 SEER; 12 EER)

• Split system electric heat pumps that achieve the highest-efficiency CEE tier as of Jan. 1, 2009 (8.5 HSPF; 12.5 EER; 15 SEER

• Packaged electric heat pumps that achieve the highest-efficiency CEE tier as of Jan. 1, 2009 (8.0 HSPF; 12.0 EER; 14 SEER)

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

• A fan used in a natural gas, propane, or oil furnaces with annual electricity use of no more than 2 percent of the furnace’s total energy use

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