Equipment Tax Credits for Primary Residences
Disclaimer: The tax credit information contained found on this website is provided for informational purposes only and is not intended to substitute for expert advice from a professional tax/financial planner or the Internal Revenue Service (IRS).
Heat pumps that are ENERGY STAR certified meet the requirements for this tax credit.
Tax Credit Amount: $300
Requirements
Split Systems:
HSPF >= 8.5
EER >= 12.5
SEER >= 15
Package systems:
HSPF >= 8
EER >= 12
SEER >= 14
Air conditioners recognized as ENERGY STAR Most Efficient meet the requirements for this tax credit. To verify tax credit eligibility, ask your HVAC contractor to provide the Manufacturer Certification Statement for the equipment you plan to purchase.
Tax Credit Amount: $300
Requirements
Split Systems:
SEER>= 16
EER >= 13
Package systems:
SEER >= 14
EER >= 12
Gas powered boilers that are recognized as ENERGY STAR Most Efficient meet the requirements of this tax credit.
Tax Credit Amount: $150
Requirements
AFUE >= 95
Tax Credit includes installation costs.
Gas, Oil, Propane Water Heater
Certain ENERGY STAR certified gas water heaters meet the requirements for this tax credit. Water heaters account for 12% of the energy consumed in your home.
Tax Credit Amount: $300
Requirements
Uniform Energy Factor (UEF) >= 0.82 OR a thermal efficiency of at least 90%.
Electric Heat Pump Water Heater
Most ENERGY STAR certified water heaters meet the requirements of this tax credit. Water heaters account for 12% of the energy consumed in your home.
Tax Credit Amount: $300
Requirements
Uniform Energy Factor (UEF) >= 2.2
An Advanced Main Air Circulating Fan is an efficient fan, or blower motor which blows the air that your furnace heats up through the duct system.
Tax Credit Amount: $50
Requirements
Must use no more than 2% of the furnace’s total energy.
Biomass stoves burn biomass fuel to heat a home or heat water. Biomass fuel includes agricultural crops and trees, wood and wood waste and residues (including wood
pellets), plants (including acquating plants), grasses, residues, and fibers.
Tax Credit Amount: $300
**Please note: This tax credit may still be claimed on your 2020 tax return for qualifying purchases and installations completed before December 31, 2020.
Effective January 1, 2021, these systems will qualify as a Renewable Energy Tax Credit.
Beginning in 2021, if you purchase and install a wood or pellet stove or larger residential biomass heating system with a Thermal Efficiency Rating of at least 75%, you will be able to claim a 26% tax credit that is uncapped and based on the full cost (purchase and installation) of the unit. The credit will remain at 26% throughout 2021 and 2022, and reduce to 22% in 2023.
The credit must be claimed on the tax return for the year the product installation is completed. Therefore, any product purchased in 2020 that qualifies for the new credit, but is not installed until 2021, should be claimed under the new credit on your 2021 tax return.
Requirements:
Thermal efficiency rating of at least 75%
Residential Renewable Energy Tax Credit
In 2015, the U.S. government renewed the 25C tax credit for Solar Energy Systems installed between 2012-2019. This credit is offered as part of a larger energy-efficiency incentive for home improvements.
The residential renewable energy tax credit incentive provides up 30% on the cost and installation of most of the solar assisted comfort systems available at Charlotte Comfort Systems. The current incentives for installing solar plus the long term savings you’ll receive is well worth considering a solar assisted comfort system for your next home comfort purchase.
**UPDATE 08/18/2022** As part of the Inflation Reduction Act of 2022 signed into law on August 16, 2022, residential energy efficiency tax credits have been extended through 2032. This information applies to the existing tax credits for 2022. Changes to residential energy efficiency tax credits under the Inflation Reduction Act will become effective starting in 2023.
If you’d like to know more about the Federal Renewable Energy tax credit, visit- EnergyStar.gov
Expires: 12/31/2032
Smart $aver® Eligibility
Who Is Eligible for Rebates?
Incentives are paid for qualifying heat pumps or air conditioners installed on or after June 1, 2009 for Duke Energy Carolinas electric residential retail customers residing in a single-family home, condominium, duplex or mobile home. Incentives are paid after the qualified system is installed and operating.
If you have additional questions about the Smart $aver program, please call 1-866-785-6209
Smart $aver® Incentive Application PDF (129 KB)
Piedmont Natural Gas Appliance Rebates
Piedmont Natural Gas Appliance RebatesDid you know?
- Water heating accounts for approximately 15 percent of a home’s energy use
- A new high-efficiency furnace and cooling system can save you up to $1,200 per year in operating costs
Now is the time to cut the cost of heating water and your home by replacing your old inefficient water heater or furnace with a new high-efficiency one. Residential customers in North Carolina who replace existing natural gas equipment with qualifying high-efficiency natural gas equipment are eligible for up to a $300 rebate and may qualify for federal tax credits as well. This includes the following qualifying high-efficiency gas water heaters and furnaces.
Piedmont Natural Gas Rebate Application PDF (104 KB)
Qualified Energy Efficiency Improvements
Please note: Tax credit DOES NOT INCLUDE INSTALLATION FOR THE FOLLOWING PRODUCTS.
HVAC Tax Credit Inquiries
Please use the form below if you have any questions regarding current tax credits. For more details on Federal & State HVAC Tax Credits please visit energystar.gov, dsire.org, or dukeenergy.com.
