On August 16, 2022 the U.S. government signed into law the Inflation Reduction Act (IRA) in an effort to reduce greenhouse gas (GHG) emissions by 40% by 2030. As part of the Inflation Reduction Act, homeowners have access to cost-saving options for purchasing energy efficient and electric appliances or making home improvements to electrify their home or increase its energy efficiency.
The previous Nonbusiness Energy Property credit (25C) for installing high-efficiency equipment was extended through 2022 and provides federal tax credits of up to $500.
The amended Energy Efficient Home Improvement Credit (25C) begins in 2023 and extends the offering through 2032. It increases the tax credit limits for high-efficiency equipment as follows:
To simplify your search for eligible equipment, check out the Credits and Rebates section on the AHRI Matchup Tool. You can filter indoor and outdoor equipment by 25C tax credit eligibility. The results page will display a dedicated column for the 25C tax credit, highlighting potential savings for each piece of equipment to help homeowners make informed buying decisions about their energy-efficient upgrades.
For homeowners interested in replacing or repairing their HVAC system, walk them through the Lennox lineup of innovative, energy-efficient home comfort solutions that qualify for these programs. On this page of LennoxPros.com you can find the list of products that qualify for 25C federal tax credits up to $500 in 2022 and up to $2,000 beginning in 2023.
With the new rebate program and extended tax credits, there’s no better time for you to sell and inform homeowners about the Lennox lineup of innovative, energy-efficient home comfort solutions.
Lennox boasts a broad assortment of ENERGY STAR® qualifying products eligible for these programs – including but not limited to the Dave Lennox Signature® Collection SL25XPV, the most efficient heat pump on the market with a SEER rating up to 24, the SL28XCV, the most efficient air conditioner on the market with a SEER rating up to 28, and the SLP99V, the most efficient furnace on the market boasting an efficiency rating of up to 99%.
Lennox Industries Inc. (“Lennox”) is not acting in the capacity of a legal or tax advisor and does not make any representation, warranty, guarantee or other assurance as to whether a particular matchup qualifies or is eligible for a tax credit or rebate. This document has been prepared for informational purposes only and is not intended to provide, and should not be relied on for, tax or legal advice. The IRS, DOE, and state energy offices are responsible for the implementation and administration of tax certificates/rebates. There are important requirements and limitations for the homeowner to qualify for tax credits/rebates. Moreover, the laws are subject to change. As a result, Lennox highly recommends that you and your customers consult with a tax advisor or attorney regarding a homeowner’s qualification for a tax credit/rebate in their particular circumstance and verify and review the applicable laws and regulations. Lennox expressly disclaims all liability for damages of any kind arising out of a homeowner’s claim for a tax credit/rebate. This information is subject to change without notice.
