Tax credit starting in Jan. ?

[tjdean]

There was mentioned in a forum thread about a $200 tax credit starting in Jan '06 for purchase of high efficiency furnace. Anybody have details on this? I assume this would apply to any consumer purchasing a 90+ furnace.

[billva]

bump.

i'm curious as well, anyone have the details?

i heard up to 500.00, it would have to include 90's but what seer/hspf for ac/hp installations?

[tjdean]

Thanks to Google was able to find the Energy Policy Act of 2005 at this link: http://aceee.org/press/Tax_incentive05.pdf
There is a lifetime maximum credit of $500 for the years 2006 & 2007. For high eff furnaces, boilers having an AFUE of 95% or higher the tax credit is $150. This applies to equipment placed in service Jan. 1 2006 thru Dec. 31, 2007.

[wyounger]

The key to note for the furnaces is that it has to be *95%*. While 93-94% is fairly common, 95 isn't- and even in lines that may have one, it may only be one size. Folks will have to be on their toes to collect on the rebate.

The other thing I noticed with great interest is that the standard for residential electric water heaters is an energy factor of 2. This is basically a mandate to use heat pump water heaters, because resistance can only get you to an EF of 1. Gas water heaters are set for an EF of 0.8, which as far as I know is only attainable by tankless models.

[Edited by wyounger on 11-15-2005 at 11:27 AM]

[tjdean]

The Amana AMV9 series qualifies for the tax credit with an AFUE of 96%. It's on my short list for a furnace replacement.

[RoBoTeq]

Goodman has a full lineup of 10 furnaces rated at 95% efficiency. The four variable speed models that qualify will qualify the HO for a $200 tax credit.

Of the current 21 furnaces rated at 95% efficiency or better, 20 of them are Goodman/Amana furnaces.

[beenthere]

Originally posted by RoBoTeq
[B

Of the current 21 furnaces rated at 95% efficiency or better, 20 of them are Goodman/Amana furnaces.
[/B]

Show Off LOL...

[nwgasman]

Do you have a link for the qualifying furnaces? I could not find any mention of make/models in the report... Perhaps GAMA has a page?

Thanks
Greg

[nextwave]

I posted this in another thread but haven't received a response yet...

Amana/Goodman is the same box with a different badge (probably some minor differences, RoBo is the guy to ask on that). They recently released new models in the Goodman line that are rated at 95% AFUE. To me it seems a bit suspicious that the government picked this cut off and until Goodman released these models there were very few systems that satisfied that standard - I think they must have a great ability to influence politicians.

To the point...don't pick a system simply for the potential tax credit...something you might not even get the benefit of depending on your year end tax status. Base the decision on being comfortable with both the product AND the professional installing it for you. Even the best system will deliver poor performance if not properly installed.

...and to my understanding the furnace credit is $150. An additional $300 can be captured by installing a high efficiency air conditioner.

[RoBoTeq]

This is the latest that is out on the new 95% furnaces;

http://securenet.goodmanmfg.com/pdf/.../RT6612014.PDF

http://securenet.goodmanmfg.com/pdf/.../RT6612012.PDF

I have been telling you folks for a while now that the Goodman furnaces were underated. The Goodman condensing furnaces are essentially the same as the Amana furnaces but with the heat exchangers made of aluminized steel rather then stainless steel and a Mini-Norton adaptive ignition system rather then the Amana's silicon nitride adaptive ignition system.

This was just a DOE program that just happened to be in line with what Goodman already had.

[nwgasman]

I found 49 qualifying models on GAMA's site with 95+ AFUE. Looks like Bryant/Carrier also have a good lineup with their Plus 90 and Infinity models

http://mctg.phpwebhosting.com/gama/furn.php
(search nat gas + 95 minimum AFUE)

Thanks for the info!

Originally posted by RoBoTeq
Goodman has a full lineup of 10 furnaces rated at 95% efficiency. The four variable speed models that qualify will qualify the HO for a $200 tax credit.

Of the current 21 furnaces rated at 95% efficiency or better, 20 of them are Goodman/Amana furnaces.

[RoBoTeq]

It would make sense that the other manufacturers would get their furnaces to qualify for this program as well. This is going to be one roller coaster ride of a year. Between 13 SEER compressor systems and 95% efficient furnaces we are all going to be very busy.

[RoBoTeq]

Whoops! Better take a closer look at that GAMA ratings list.

13 of the Carrier/Bryant listings are discontinued.

All of the approved Carrier/Bryant furnaces are 40,000 Btu only.

The six Goodman GMS95 furnaces that are approved are not on that list.

Who the heck are Oneida Royal, ECR International Ltd, Olsen Division and Buy Max?