First, I know the rules for the energy credit for new furnace, one being an energy credit audit. However, my clients did not put in the new furnace for the credit. The gas company did a reading because of trouble with the old furnace........the gas company literally shut their old furnace down and said "Do NOT turn on again".
Is there any way to get a credit because they did have to install a new one? Again, not for the energy credit, but at over $4,000, the credit would be great.
They are happy just to get the furnace and be safe, but they fit all the other requirements for the credit.
Any ideas? Thanks!
The form doesn't ask for motive. If the item qualifies, claim the credit. (I didn't know there was one for furnaces, we use heat pumps here, not because of the credit but because they are efficient and effective. Congress knew that when they enacted the credit.)
If it meets the energy star specs. the credit is max of $600
A "reading" isn't an energy audit. It could be reading emissions, for instance. A whole house audit is comprehensive. If they didn't pay for an audit, there is no credit for an audit. They likely had an inspection.
Here is HVAC credit info:
https://www.irs.gov/credits-deductions/energy-efficient-home-improvement-credit
Consortium for Energy Efficiency is not the same as Energy Star. The utility provider might rebate against Energy Star. The IRS uses CEE.
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