IRS Issues Further Guidance on ECM Tax Credit - LIMITS Tax Credit for Furnaces below 95 AFUE

The IRS has issued guidance on the tax credit for furnaces that utilize an 'advanced technology main air circulating fan' or ECM motor. They have stated that only the amount of the purchase allocated to the fan qualifies for the tax credit. This is in the case of a furnace that does not otherwise qualify (a furnace less than 95 AFUE). This would limit the tax credit to something near $150 for most applications (assuming a value of the ECM equipped fan section of about $500). The complete guidance can be found here;

http://www.irs.gov/pub/irs-drop/n-09-53.pdf