If you’ve been thinking about installing a new air conditioner in your Coachella Valley home, this is the year to do it. Why? Because federal tax credits are available for newly-installed, energy-efficient HVAC systems through the end of 2013! Read on to learn everything you need to know about taking advantage of this great money-saving opportunity.
Didn’t federal tax credits for energy-efficient HVAC systems expire in 2011?
If these tax credits sound familiar, that’s because they were previously available to homeowners until they expired at the end of 2011. However, the credits were extended at the beginning of this year and will expire again on December 31, 2013.
Also, these tax credits are retroactive for 2012. That means if you installed a new HVAC system in 2012 that meets the qualifications below, you can still receive the tax credits!
Who qualifies to receive the federal tax credits?
In order to receive the federal tax credits, you must install the new HVAC system in an existing home that is your primary residence. The tax credits are not available for installations in newly constructed homes, rental homes or secondary homes.
What types of HVAC systems qualify for the federal tax credits?
In order to qualify for the tax credits, the HVAC system you install must meet the efficiency requirements listed below. You can get more details by visiting EnergyStar’s federal tax credit page.
- Air source heat pumps: Must have an HSPF rating of at least 8.5, an EER rating of at least 12.5 and a SEER rating of at least 15. Credit amount: $300
- Central air conditioners: Must have a SEER rating of at least 16 and an EER rating of at least 13. Credit amount: $300
- Natural gas furnaces: Must have an AFUE rating of at least 95. Credit amount: $150
If you have any questions about the federal tax credits that are available for energy efficient HVAC systems, or if you’d like a cooling system serviced or installed in your home, contact Hyde’s, your Coachella Valley air conditioning company.