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Federal Tax Credits - Oil Furnace
Adapted from http://www.energystar.gov
Oil Furnace
A furnace uses the combustion of fuel and air to create heat.
Tax Credit: 30% of cost up to $1,500
Expires: December 31, 2010
Details: Must be an existing home and your principal residence. New construction and rentals do not qualify.
Requirements
AFUE ≥ 90
Tax Credit includes installation costs.
Definitions:
- AFUE (Annual Fuel Utilization Efficiency) - is a rating that denotes the efficiency of gas heating equipment. It is the amount of heating your equipment delivers for every dollar spent on fuel. A higher rating indicates more efficient equipment.
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