$150 & $500 Tax Credit on 95% AFUE Furnaces

The U.S. Internal Revenue Service (IRS) is now providing consumers with a tax credit on 95% AFUE high-efficiency heating equipment. The equipment must be installed after Dec. 31, 2005 and before Jan. 1, 2008 in a homeowners primary residence and meet the criteria of “Qualified energy Property” as set forth by section 25c of the Internal Revenue code. The State of New York is offering a $500 Tax Credit on Energy Star rated furnaces when installed as replacement furnace in a primary residence. This means that all our 90% furnaces which are Energy Star rated are eligible. The installation must meet New York States requirements. Check with your tax adviser for all the details on both the State and Federal Tax Credits. This Tax credit will help offset the price which will help you sell these higher efficiency furnaces which will also lower the consumers fuel bills.