Have you been putting off making those energy-saving improvements your house needs? Are you looking to reduce your energy bills as well as your carbon footprint by upgrading your heating or cooling system? It’s time to stop thinking and start acting. If you make qualifying upgrades to your home by the end of 2011, you’ll be eligible for credits of up to $500 per product on your 2011 federal tax return.
What are the 2011 Tax Credits for Energy Efficiency?
The 2011 tax credits for energy efficiency reward homeowners for making energy-saving improvements to their existing, primary residences. These tax credits apply to the cost of materials as well as labor and installation in most cases. Improvements to rental homes, vacation homes and newly constructed homes are not covered under this program.
Once you have your qualified energy-saving products installed, it’s easy to claim your tax credits. You simply fill out IRS form 5695 and file it with your 2011 federal tax return.
What HVAC Products Qualify for the Tax Credits?
A wide range of heating, ventilation and air conditioning products qualify homeowners for the 2011 tax credits for energy efficiency. Among these are:
- Central air conditioning systems
- Natural gas, oil and propane furnaces
- Gas, oil and propane water heaters
- Electric heat pumps
- Electric heat pump water heaters
- Advanced main air circulating fans
- Gas, oil and propane boilers
Additional Solar Incentives
If you’ve been wanting to try harvesting the San Joaquin Valley sunshine to help reduce your energy usage, there are additional federal tax incentives for installing solar panels and solar water heaters. These incentives don’t expire until the end of 2016 and apply to both existing homes and new construction.
Keep in mind that not every HVAC product – not even all that are Energy Star certified – qualifies you for the 2011 tax credits for energy efficiency. A good HVAC contractor, such as Donald P. Dick Air Conditioning, can help you wade through all of the requirements of the tax-incentive programs while assisting you in finding a product that will work well for your home and family for many years to come. Contact usfor help with tax credits or any other home comfort need.
Our goal is to help educate our customers about energy and home comfort issues (specific to HVAC systems). For more information about energy tax credits and other HVAC topics, download our free Home Comfort Resource guide.
Donald P Dick Air Conditioning services the greater Fresno area in California. Visit our websiteto see our special offers and get started today!
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