As Federal Bill’s seem to be these days, the last minute deal to avert the “fiscal cliff” didn’t escape the reach of special interests. For once some of the things thrown in might actually benefit consumers, or at least balance out the increase in social security tax. Enough of my editorializing though, let’s get down to the facts.
While tax credits had ended at the end of 2011, this deal included a retroactive and forward component that allows high efficiency systems installed in 2012 and 2013 eligible to receive the same credit available in 2011. Unfortunately, it’s not the $1500 that was available prior to 2011, but it does allow for up to $500 in credits.
The specifics related to heating and cooling are capped at the following:
As the specifics are still being figured out, we’ll be here to provide more detail. If you have any questions about high efficiency systems, please call us today.