Homeowners can take advantage of the modified and extended Residential Clean Energy credit, the Section 45L Tax Credit for Energy Efficient New Homes, and the energy efficient commercial buildings deduction^2. For systems installed and running before December 31st, 2021, the tax credit is either 10% of the cost up to $500 or a fixed value between $50 and $300, or 26% of the cost, depending on the system's SEER and EER ratings^1^,^2. For systems installed and running after December 31st, 2021 but before January 1st, 2024, the tax credit is 22% of the cost^1. For systems installed and running in 2022, the tax credit is $300, regardless of the system's energy efficiency^3. All systems must be Energy Star certified and nonbusiness to qualify^1^,^2^,^3. Any taxpayer would qualify for the federal tax credits^4.
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Mini-split systems provide a range of benefits, from energy-efficient heating and cooling to versatile mount options. They also qualify for federal tax credits. As a homeowner, you can claim up to 500 dollars in tax credits with a mini-split system that meets the various qualifications.
Do Mini-Split Units Qualify for Federal Tax Credits?
Any taxpayer would qualify for the federal tax credits.
For the tax credit program, the new incentives will apply to equipment installed on January 1, 2023 or later. (A smaller tax credit of up to $300 for a heat pump meeting the CEE’s top tier of efficiency is available for heat pumps installed during 2022.)
Product Reviews and Ratings - Consumer Reports
Effective Jan 1, 2023: Provides a tax credit to homeowners equal to 30% of installation costs for the highest efficiency tier products, up to a maximum of $600 for qualified…
Federal Tax Credits | Bryant