AHRI calls on industry to protect HVAC tax credit

AHRI, the trade group representing manufacturers, last week encouraged the industry to sign a letter supporting the 25C tax credit as the government considers eliminating it. 

Why it matters: The 25C tax credit allows homeowners nationwide to claim up to a $3,200 credit every year until 2032 for qualified home improvements, including HVAC and water heater upgrades. Catch up

What’s happening: The credit, supported across the industry, is now “at risk,” says AHRI’s Samantha Slater.

• “The incoming Congress plans to pass a $5 trillion tax bill, and the tax writers are looking for ways to partially pay for its cost,” she writes.  
• “The energy efficiency tax credits are on the list for potential elimination. If our industry values the improved 25C tax credit, we must be loud and persistent in opposing its elimination.”

Zoom in: AHRI is collecting signatures for a letter that will be sent to two Congressmen, urging them to keep the credit in place. 

• “In 2023, nearly 2.4 million tax filers claimed the credit and reduced their tax burden by an average of $860,” the letter says.

What’s next: Signatures require only a company name, city, and state. Sign here