Tax Credits for Switching to Energy Efficient HVAC Systems

As part of the green movement to save the environment, many homeowners are investigating tax credits and rebates that are available for those who invest in home improvements designed to make their home more energy efficient. These programs range from credits for installing solar panels to rebates for using energy efficient appliances. There are even programs for installing better windows or using specific building materials and paints.

One ongoing credit has been extended to apply to 2011. It provides a tax credit for those who install energy efficient retrofits on hot water equipment or HVAC systems. These energy tax credits, also known as 25c tax credits , have been in effect for several years. However, the amounts for 2011 have be reduced. Homeowners can deduct up to 10% of the costs associated with the improvement up to $500. There is also a lifetime cap, so that homeowners who have claimed 25c tax credits since 2005 are limited to a total of $500.

These credits apply to qualified improvements to central air conditioning, heat pumps, furnaces, and hot water boilers. There are credits for advanced main air circulating fans, natural gas and propane boilers as well as oil furnaces and oil hot water boilers. Homeowners can consult with their preferred heating Phoenix company to see which improvements will qualify for specific credits.

No related posts.