One of the most important steps homeowners can take is to make use of the soon to be expiring federal tax credits on HVAC upgrades. These energy-efficiency tax credits expire on Dec. 31, 2011. Considering the home tends to be an individual’s most valuable asset, modernizing your heating and cooling systems will not only increase the value of this asset, but will also allow you to live comfortably without having such a pronounced effect on the environment.
Here are some of the available credits:
Advanced Main Air Circulating Fans: Receive a $50 credit, or take 30 percent of the cost of the fan (only if fan consumes 2 percent or less of furnace energy).
Central Air Conditioning (with installation costs included): Receive a credit of $300 for equipment meeting the minimum SEER (efficiency) rating of 14 (16 for split systems)
Heat Pumps (electric, including installation): $300 credit if the unit has a SEER rating of at least 14 (or a 15 rating for split systems).
Furnaces and Boilers (including installation): Receive a $150 credit for equipment with a minimum AFUE (annual fuel utilization efficiency) rating of 90 percent (or at least a 95 percent rating for gas or propane units).
Solar Energy or Geothermal Systems: 30 percent credit on total cost including installation, with no limits on amount.
Along with these examples, water heaters, insulation and biomass heating stoves may also be eligible for credits.
If you would like to get more information on taking advantage of these great federal tax credits, along with learning more about what steps are necessary to upgrade your current equipment, contact Glasco Heating & Air Conditioning, Inc. for an expert consultation today.
Our goal is to help educate our customers about energy and home comfort issues (specific to HVAC systems). For more information about tax credits and other HVAC topics, visit our website.
Glasco Heating & Air Conditioning services South Windsor, Connecticut and the surrounding areas.