Changes for the 2011 HVAC Federal Tax Credit Program

1. Eligible tax payers can claim 10% of equipment costs excluding labor, up to a maximum total of $500 in the calendar year 2011.
2. An individual or household lifetime cap of $500, which dates back to January 2006. For example, if an individual has claimed the 25C tax credit at any time since 2006, for any qualifying upgrade up to or over $500, they would be ineligible to claim the credit in 2011.
3. As of January 1, 2011, the new credit levels will be at pre-ARRA or stimulus levels:
   -Maximum of $50 for any furnace advanced main air circulating fan (where the total electricity use is equal to or less than 2% of the total energy used by the furnace)
   -Maximum of $150 for any qualified natural gas, propane or oil furnace or hot water boiler with an AFUE of 95% or greater
   -Maximum of $300 for any energy- efficient building property equipment (i.e. Central Air/Heat Pumps)
4. Equipment must be placed in service after 12/31/2010
5. The process to claim these tax credits remains the same, where the consumer will file IRS form F5695 with their 2011 tax return to get their tax credit.
   
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