If you purchased a high-efficiency Lennox® furnace in 2011, you may be eligible for a tax credit of up to 10% of the installed costs ($200 limit). This credit is offered by the U.S. federal government as part of a larger energy efficiency incentive for home improvements. If you claimed $500 or more for enhancements to your home's exterior (windows, doors, skylights, insulation, roofing, etc.) from 2006 to 2010, your furnace purchase made in 2011 will be ineligible for a tax credit.
You can take advantage of energy tax credits by taking three steps:
If you're a Canadian resident, an investment in energy-efficient upgrades, such as Lennox® furnaces, heat pumps and air conditioners, for your home may make you eligible for up to $5,000 in federal grants. Use the link below to visit the ecoEnergy Retrofit – Homes Program for more details and view a full list of qualifying products.