On January 3, 2013, the Federal government renewed the Residential Energy Section 25c Tax Credit. The tax credit was retroacted to January 1, 2012.
New effective dates: January 1, 2012 through December 31, 2013
Maximum amount eligible for claim: Any qualified equipment installed in 2012 or 2013 is eligible for this credit. The cumulative maximum amount of tax credit that can be claimed by a taxpayer for all years combined is $500.
Homeowner eligibility: Since the credits have lifetime caps, homeowners who have claimed $500 or more in Section 25c tax credits since 2005 are ineligible for additional Section 25c credits. Plus, as before, installation must be on homeowner's primary home. *HOMEOWNERS: Please note that tax forms for claiming credits on their 2012 taxes will not be available until mid-February 2013.
Efficiency ratings: Section 25c increases the qualifying standards for oil furnaces and natural gas, oil or propane hot water boilers to 95% AFUE. The qualifying standards for natural gas and propane furnaces remain at 95% AFUE. Central air conditioners and heat pumps must achieve highest efficiency tier established by the consortium for Energy Efficiency.
Johnstone Supply has a wide range of products that qualify under the new Section 25c guidelines. Click on any of the categories below to view all products.
Johnstone Supply carries a complete selection of OEM parts that meet your warranty and service repair needs and more than 17,000 OEM and direct replacement parts for service needs. Contact your local Johnstone Supply for availability and order time.