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Energy-efficient tax credit
Tax breaks bring savings on high-efficiency Lennox products
As a four-time winner of the ENERGY STAR® Manufacturing Partner of the Year award—and the first and only winner in the heating and cooling industry—Lennox offers a complete selection of high-efficiency home comfort systems that qualify for tax credits by meeting the minimum energy-efficiency ratings stipulated in the Middle Class Tax Relief Act of 2010.
Guidelines
Tax Credit
As a homeowner, you are entitled to a total tax credit of 10% of cost up to $500 or a specific amount from $50 - $300 for energy-efficient improvements made in 2011. This credit covers the costs and installation of enhancements to your home’s exterior (windows, doors, skylights, insulation, roofing, etc.), as well as investments in qualifying heating, cooling and water-heating equipment.
Dollar Amount Cap
The $500 home-improvement cap includes tax credits for any efficiency upgrades made in 2006 through 2010—not just 2011. If you claimed $500 or more of these tax credits in any previous year, your purchase made in 2011 will be ineligible for a tax credit. If you filed claims that fall below the $500 limit, you may still qualify for a credit, but you may not get the full dollar amount specified.
For instance, if you claimed $450 in 2006 to 2010, you are only eligible for $50 in 2011. Please consult a tax expert for questions and on any tex credit to which you may be entitled.
Requirements
Must be an existing home and your principal residence. New construction and rentals do NOT qualify. Qualifying equipment must be purchased and installed between January 1, 2011 and December 31, 2011.
HVAC Products
Dollar amounts listed are the maximum for that category.
- $50 = Any advanced main air circulating fan whose electricity use is no more than 2% of the total energy use of the furnace
- $150 = Natural gas, propane, oil furnace or boiler with a minimum of a 95% AFUE rating
- $300 = Air Conditioner with a minimum 16 SEER / 13 EER rating
- $300 = Heat Pump with a minimum 15 SEER / 12.5 EER / 8.5 HSPF rating
- $300 = Packaged Air Conditioner with a minimum 14 SEER / 12 EER rating
- $300 = Packaged Heat Pump with a minimum 14 SEER / 12 EER / 8 HSPF rating
- $300 = Packaged Gas / Electric Unit with a minimum 14 SEER / 12 EER rating
Solar HVAC Products
Photovoltaic Energy Installation Tax Credit (25D) = 30% of the cost with no upper limit on solar panel installation
Additional Solar Tax Credit (25D) = 9% of the total retail cost of the outdoor unit when applying solar panels
Claiming your Credit
To complete the claim you will need:
- IRS Form 5695
- For products placed in service in 2011, you need to file the 2011 IRS Form 5695 and submit it with your 2011 taxes (by April 15, 2012).
- Manufacturer’s Certification Statement
- Your Lennox dealer should provide you with a signed and certified document for you to keep for your own records or you can print one from our Claiming Your Credit section of this site.
For detailed guidelines on how to qualify for the energy-efficiency tax credit, please consult your tax expert or visit energystar.gov/taxcredits.
NOTES
Please consult your tax expert on any tax credit to which you may be entitled.
Not all ENERGY STAR products will qualify for a tax credit.
Federal Solar Tax Credits are available through 2016.
For full details on tax credits available for home heating and cooling systems, visit one of the following sites:
