What HVAC Systems Qualify for Tax Credit

what HVAC systems qualify for tax credit apopkaIf you are shopping for a new heating and cooling you it will help you to know what HVAC systems qualify for tax credit. That way not only will you get a more modern and efficient HVAC system, your tax credit will also offset the cost of that heating and cooling unit. Many times, these tax credits are equivalent to purchasing a new HVAC unit that is on sale and drastically marked down.

 

You will get other benefits that will help offset the cost of your new heating and cooling system too. That’s because these tax credits only apply to high-efficiency HVAC units. So there are long-term savings on energy costs too. If your unit works long enough, this energy savings can even offset the entire cost of your new HVAC system. Often the amount of these tax credits depend on the energy-efficiency rating of the new heating and cooling system that’s being purchased. 

 

Federal Tax Credits

 

These are the most common types of tax credits. They will reward you for replacing your older less-efficient central heating and cooling system with a more modern and energy-efficient one. They usually apply to mini-split ductless systems too which are great if you have a new addition, detached garage, or finished basement which does not have ductwork already in it. Federal tax credits at the current time run in the $300 – $500 range. It may not seem like much but remember you are installing a more energy-efficient heating and cooling system, so you will be saving a substantial amount of money on energy bills after your initial investment too. Ask your local HVAC services provider what HVAC systems qualify for tax credit on the Federal level.

 

State and Local Tax Credits

 

Not every state offers tax credits for upgrading central heating and air systems but many do. Arizona and Florida are two states that are known to do this. Again, your local HVAC services provider should be privy as to what HVAC systems qualify for tax credit on the state and local government levels. They make it their business to know what tax credits are available because it helps them sell new HVAC units. When these tax credits are combined with federal tax credits it can add up to a nice amount of saving on a more modern and efficient HVAC system. 

 

Other Sources of Credit

 

Some other lesser-known credits are out there when it comes to new HVAC system purchases too. These do not come in the form of tax credits, but they can help offset the cost of a new central heating and cooling system nonetheless. One of these is through one of your local utility companies. Often your local natural gas company will give you such incentives to switch over your oil-based HVAC system to gas or upgrade your current gas model. This often applies to oil companies in the reverse direction too, where they will give you an incentive to switch from a gas to an oil-burning HVAC system.  

 

Energy-Efficient HVAC System in Apopka, FL

 

Tax credits are usually awarded to those using energy-efficient HVAC systems on their property. To be sure you’re installing the right one in your home, contact a trusted HVAC installation and maintenance contractor such as Eggert Cooling and Heating. Our HVAC services are available in Orlando, Clermont, Apopka, Ocoee, Windermere, and the surrounding areas. Call 407-252-3785 for an appointment today.