central air

ira24601 · ‎September 28, 2022

Hi,

What are the specifics of the new tax credit for Central Air installation after January 1, 2023?

OmM1 · ‎September 28, 2022

Hello ira24601,

The central air installation should meet the ENERGYSTAR ratings and the credit is limited 30% with an overall limit of $600.

Hope this is helpful.

Thanks again,

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MariaDG · ‎September 28, 2022

You can claim up to 30% of the purchase price of each energy efficient home improvement, but not more than the limit for each type of equipment. The limit for an air conditioner is $600. However, there is also an annual total limit of $1200 per year. So if you want to plan your home improvements, you can take advantage of this credit for several years! Here's a great article with details on the limits.

https://www.kiplinger.com/taxes/605069/inflation-reduction-act-tax-credits-energy-efficient-home-imp...