Federal Grants for Residential Oil Boiler Replacement

  • Marcus Vance
  • Biophilic Interiors
  • 2 min read
Federal Grants for Residential Oil Boiler Replacement

Discover in-depth perspectives related to Federal Grants for Residential Oil Boiler Replacement with our comprehensive overview.

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Replacing an oil boiler can save on heating costs.

The federal government offers a tax credit of up to $1,500 or 30 percent of the cost of the new furnace if it is a fuel efficient model. This tax credit can only be used on existing primary residences. Claim this tax credit by filing IRS Tax Form 5695 when filing your taxes. Save your purchase receipts. The manufacturer of the new boiler needs to provide a statement that indicates the new product is fuel efficient. This tax credit is not only for upgrading oil furnaces. It can be used on purchases of energy efficient air cooling systems, insulation, roofing and exterior window replacement.

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Marcus Vance

Marcus Vance

Cybersecurity & Digital Privacy Researcher

Marcus Vance is a cybersecurity auditor and technology writer dedicated to educating the public about online safety, data privacy regulations, enterprise security, and emerging cyber threats.

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