[Donegalkid]

Originally Posted by CosmicTrucker

I believe I had talked about the tax incentives for installing energy efficient hvac systems, but I too cannot find the thread here. I may have talked about it on FB. I don’t remember the exact numbers, but the tax credit is somewhere between $2000 and $3000 for qualified installs.

Tax credit is effective for products (e.g. qualifying mini splits) purchased and installed between January 1, 2023, and December 31, 2032.

You can claim 30% of project cost; $2,000 maximum amount credited.

Source:

Air Source Heat Pumps Tax Credit | ENERGY STAR

[skippy05]

Wasting money and a lot of it. Go on Facebook Marketplace search "mini split install" let one of those guys do it 2500 total bill. No permits no nothing, just done. Cheap and high quality product plus quality install. Or do it the legal way and spend 7k.

[pokeefe45@aol.com]

Up to an $8,000 combination rebate/tax credit for installing an electric heat pump system-If your system is now not all electric-you could replace your main system with a heat pump,and just include ducting a lanai area,or whatever else you were considering. IF your income qualifies (pretty high threshold for at least half that mount). Part of the Inflation Reduction Act and called 'HEEHRA' Understanding The High Efficiency Electric Home Rebate Act (HEEHRA) - CleanTechnica

Before you discount it,'low' income is defined as less than $68,000,and moderate income is defined as no more than $124K a year (both per couple).

[Nana2Teddy]

Originally Posted by jarodrig

Kalos should be able to provide you with this information (if it exists) and also provide you with the documentation needed for tax time ….. again, IF such a tax break exists.

I know this doesn’t answer your question about a mini-split, but when we added <solar tubes> a year and 1/2 ago , The Solar Guys provided all of the information and forms to file at tax time .

Kalos installed 3 mini-splits for us in April (2 lanai, 1 garage), and never mentioned anything about tax credits. Interesting.

[Spartan86]

Interesting. We added a lanai mini split in ‘22. The energy star link posted above shows air source heat pumps as being eligible, but if you look at IRS instructions for form 5695 it only lists geothermal heat pumps.

[CoachKandSportsguy]

Originally Posted by rsmurano

1 more note, I got the mini split that installs in the ceiling which you can't see, instead of looking at the huge ugly box on the wall. It costs more but much better looking it you happen to look up.

In the MA home, we have a wall and 2 ceiling units. The ceiling unit is definitely the way to go if the ceiling is normal height and you want the invisibility . . . .

(Don't Look UP!)

[asianthree]

Originally Posted by Nana2Teddy

Kalos installed 3 mini-splits for us in April (2 lanai, 1 garage), and never mentioned anything about tax credits. Interesting.

Has it helped in the garage?