If you have been putting off a heating and cooling upgrade due to budget concerns, consider the financial benefits of the 2011 federal energy-based tax credits. While not quite as generous as the tax credits of 2010, you can still save a great deal on your initial investment and reap the long-term benefits of an efficiency upgrade. Consider a few of your options:
- A tax credit of $300 is available on qualifying air source heat pumps. To be eligible, the model you choose must have minimum 15 SEER, 12.5 EER and 8 HSPF ratings.
- Also eligible for $300 back are central air conditioners. Qualifying models require a minimum 16 SEER and 13 EER.
- Oil, propane and natural gas furnaces may qualify for a tax credit of $150 if they carry an AFUE rating of at least 95 percent.
- Also eligible for a tax credit of $150 are oil, propane and natural gas hot water boilers. To qualify, boilers should carry an AFUE rating of at least 95 percent.
- If your new furnace includes an air blower that uses less than 2 percent of total energy consumption, you may also qualify for a tax credit of $50.
Thanks to the 2011 federal energy-based tax credits, you can upgrade your HVAC system efficiency at an affordable price, improve the comfort of your home and reduce your energy costs over the long term. If you’d like more information on how to take advantage of this money-saving opportunity, contact us today at Around the Clock Air Conditioning and Heating, and let our trained technicians help you find the system that best suits your household’s needs.
Our goal is to help educate our customers about energy and home comfort issues (specific to HVAC systems). For more information, click here to download our free Home Comfort Resource guide.