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Thread: FYI if you looking at any energy upgrades to your home

  1. #1
    Join Date
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    Default FYI if you looking at any energy upgrades to your home

    Day 1 of my tax seminars today

    One thing I will give free advice on is if you are needing to upgrade HVAC, water heater , replacement windows doors, etc I would wait until 2023 to do these

    A farily decent energy credit is back for 2023 so if you needing new HVAC or anything that falls in this category I would put it off at least a month

    Here is list of the broad strokes of the change


    • The lifetime maximum of $500 is replaced with an annual limit of $1,200 with the
    following limits:
    ◦ Energy property (insulation, water heaters, etc.) : $600 per unit
    ◦ Windows and skylights: $600 in aggregate
    ◦ Exterior Doors
    ▪ One door: $250
    ▪ All exterior doors combined: $500
    • Heat pump and heat pump water heaters, biomass stoves and boilers
    ◦ $2,000 annual limit
    ▪ 75% efficiency required if placed into service after Dec. 31, 2022, and before
    Jan. 1, 2027
    ▪ 90% efficiency if placed into service after Dec. 31, 2026
    • Improving or replacing an electric panel
    ◦ Load capacity of at least 200 amps
    ◦ Installed in connection with other energy improvements
    Last edited by tprice; 12-06-2022 at 08:35 PM.

  2. #2
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    I have been told several times HVAC units are going up 30% January 1st because of some change. Something to consider, as I’m not sure the tax break will offset the price increase.

  3. #3
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    FJB
    Gettin old is for pussies! AND MY NEW TRUE people say like Capt. Tom >>>>>>>>>/
    "Wow, often imitated but never duplicated. No one can do it like the master. My hat is off to you DRDUCK!"

  4. #4
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    But thanks for the Info!!!!!!!
    Gettin old is for pussies! AND MY NEW TRUE people say like Capt. Tom >>>>>>>>>/
    "Wow, often imitated but never duplicated. No one can do it like the master. My hat is off to you DRDUCK!"

  5. #5
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    Quote Originally Posted by Tigerbdog View Post
    I have been told several times HVAC units are going up 30% January 1st because of some change. Something to consider, as I’m not sure the tax break will offset the price increase.
    Same here. My HVAC guy was out yesterday to do the service and said they are hearing at least 25 percent from the manufacturers. New systems.

  6. #6
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    Greenville, SC
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    I believe they are upping the minimum seer rating you're able to install

  7. #7
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    What he said^^
    Houndsmen are born, not made

    Quote Originally Posted by 2thDoc View Post
    I STAND WITH DUCK CUTTER!
    Quote Originally Posted by JABIII View Post
    I knew it wasn't real because no dogbox...

  8. #8
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    Quote Originally Posted by Tigerbdog View Post
    I have been told several times HVAC units are going up 30% January 1st because of some change. Something to consider, as I’m not sure the tax break will offset the price increase.
    Does not surprise me , kind of like years ago when the window replacement was a big tax credit I was shocked at what some folks were paying what they were for windows

    However had to install new HVAC in back part of my office 2 1/2 yrs ago, 3 ton gas pack $6500

    New downstairs 3 ton at home this time last year quite a bit more , HVAC guy told me equipment had jumped that much in 2 yrs
    Last edited by tprice; 12-07-2022 at 08:47 AM.

  9. #9
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    Dec 2009
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    I think "Green Energy" means we pay more green for energy and the thing that use it.

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