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stanandalice
New Member

Is there a tax credit for installing a new Mitsubishi ductless ac/heat unit?

if so, please direct me to the correct form to use.
2 Replies
stanandalice
New Member

Is there a tax credit for installing a new Mitsubishi ductless ac/heat unit?

I was using the main house central HVAC unit but it wasn't energy efficient to do it that way. Installing this unit has saved dollars on my monthly utility bill. 

ColeenD3
Expert Alumni

Is there a tax credit for installing a new Mitsubishi ductless ac/heat unit?

Residential energy property costs.

 

Residential energy property costs are costs of new qualified energy property that is installed on or in connection with your main home that you owned during 2020 located in the United States. Include any labor costs properly allocable to the onsite preparation, assembly, or original installation of the energy property. Qualified energy property is any of the following.

  • Certain electric heat pump water heaters; electric heat pumps; central air conditioners; natural gas, propane, or oil water heaters; and stoves that use biomass fuel.

  • Qualified natural gas, propane, or oil furnaces and qualified natural gas, propane, or oil hot water boilers.

  • Certain advanced main air circulating fans used in natural gas, propane, or oil furnaces.

Pleas see this LINK to see if your particular product qualifies.

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