Tax Credit Certificates

Tax Certificates for Extended Federal Tax Credit Program of Qualifying Residential Indoor Comfort Systems

The Federal government has retroactively extended the HVAC tax credits for qualifying HVAC equipment installed in a principal residence and placed in service between December 31, 2022, and January 1, 2024. The attached certificates list the Lloyd brand residential products identified as “Qualified Energy Property” as defined in Section 25C of the Internal Revenue Code (IRC), specific requirements, and the tax credit available.

Federal Energy Efficient Tax Credit

In late 2020, the Further Consolidated Appropriations Act, 2021 was passed and signed by the government. Under this act, if you bought or will buy a ductless mini split system before December 31st, 2021 and you’re a nonbusiness, then you could be eligible for a tax credit.

If your ductless mini split system was installed and running after December 31st, 2022 but before January 1st, 2024, you could get 22 percent off as a tax credit. If your system was installed and running after December 31st, 2019 but before January 1st, 2023, the tax credit is 26 percent.

For those homeowners with a ductless mini split system that was in service before or on December 31st 2019, you could get a 30 percent credit as well.

Advanced Main Air Circulating Fan

If an advanced main air circulating fan that meets the definition of “Qualified Energy Property” in Section 25C of the IRC, is installed in the homeowner's principal residence and is placed in service between January 1, 2023 and December 31, 2023, then the homeowner may qualify for a non-refundable tax credit under Section 25C of the IRC for expenditures made for the advanced main air circulating fan up to $50, subject to an overall lifetime limitation of $500 for all prior taxable years ending after December 31, 2005. Please click on the Tax Credit Certificate below for additional information and to determine if your model qualifies.

Home Heating Equipment

Natural gas, propane, and oil furnaces with an annual fuel utilization efficiency rate (AFUE) of not less than 95 percent that are installed in the homeowner's principal residence and placed in service between January 1, 2023 and December 31, 2023 may qualify for a nonrefundable tax credit under Section 25C of the IRC for expenditures made for the furnace up to $150, subject to an overall lifetime limitation of $500 for all prior taxable years ending after December 31, 2005. Please click on the Tax Credit Certificate below for additional information and to determine if your model qualifies.

Home Air Conditioning and Heat Pump - Split Systems

If installed in the homeowner’s principal residence and placed in service between January 1, 2023, and December 31, 2023, the homeowner may qualify for a nonrefundable tax credit under Section 25C of the IRC for expenditures made for a split system up to $300, subject to an overall lifetime limitation of $500 for all prior taxable years ending after December 31, 2005. The products listed in the attachment are properly matched with a correct indoor coil and/or furnace to achieve the energy efficiency criteria required to qualify for the tax credit:

• Air Source Heat Pumps: a cooling efficiency of greater than or equal to 15 SEER, 12.5 EER or higher, and a heating efficiency of greater than or equal to 8.5 HSPF.
• Central Air Conditioners: a cooling efficiency of greater than or equal to 16 SEER and 13 EER.

Please click on the Tax Credit Certificate below for additional information and to determine if your model qualifies.

Home Heating Equipment Containing an Advanced Main Air Circulating Fan

Home Air Conditioning and Heat Pump Split Systems

Home Air Conditioning and Heat Pump Ductless Systems

The make, model number, and other suitable identifiers of the Qualified Energy Property can be found on the Air-Conditioning, Heating, & Refrigeration Institute (AHRI) directory (www.ahridirectory.org).

An AHRI certificate may be required to ensure a properly matched system and verify tax credit status.

Contact your installing contractor for more information.

Lloyd North America does not offer tax advice. This information is provided for discussion purposes only and is provided as a generic guideline. This information does not represent tax advice. Contact your local tax professional to determine how these credits may apply to your circumstances and

visit https://www.energy.gov/savings/dsire-page for more information.