Your HVAC system is an integral component in your home. It provides you with heat during the cool, winter months and air in the sweltering, summer heat. Without this unit, you would be stuck trying to fight against all of the elements on your own. Instead of having to fight against the harsh elements, your unit delivers just the right temperature you need at a time when you need it the most.
If your unit isn’t working properly or you are simply looking to upgrade, there are a number of different tax incentives and rebates that you can take advantage of. Just because you are investing in a new unit, that doesn’t mean you shouldn’t be rewarded in the process. Getting some of the money you spent back has never been as easy as it is today.
One of the most exciting tax credits available for those who own their home is that of a geothermal heating and cooling system. Thanks to the federal energy efficiency incentives, you can get a one-time credit on your taxes of 30 percent of the total amount of money spent on the system itself. Think of it as if you are paying 70 percent of the cost for your new system. Who doesn’t want to save that much on their new geothermal system?
If you purchase the unit for your business, you can enjoy tax savings of 10 percent on the total cost. Either way you look at it, you are going to save a nice chunk of change on your new unit. Not only is it going to keep your home at just the tight temperature, but it will save you a small fortune in the long run. When your unit operates at peak efficiency, it keeps your energy bill lower than ever before thought possible.
Beyond the credits for a geothermal system, there are also other tax incentives and rebates available for your new unit. Make sure to ask about the energy star federal credits for energy-efficiency. You don’t want to miss out on anything that is going to save you money. Speak with a licensed HVAC service technician to determine what unit is going to work the best for your home or business, while providing you with the most savings on your income tax return.
Tax credits can change at any time, so you want to get in on the savings while they are still available. You will love saving money and relaxing in the comfort of your own home all at the same time. It really doesn’t get any better than that.
