Fiscal Cliff Tax Credits Keep Your Home Energy Efficient
Legislation passed to solve the recent "fiscal cliff" dispute reinstated tax credits for homeowners who increase the energy-efficiency of their residence.
Legislation passed to solve the recent "fiscal cliff" dispute reinstated tax credits for homeowners who increase the energy-efficiency of their residence.
There’s good news for Norfolk MA homeowners who want to save on their energy bills but find the initial cost of purchasing energy-efficient HVAC equipment and appliances hard to swallow. Federal tax credits are available that will help offset these costs.
If it’s time for a new hot water heater, consider switching to an energy efficient tankless water heater. This technology offers Norfolk MA homeowners a host of benefits and advantages over traditional hot water heaters. And, you can save up to $2,500 if you purchase your system in 2010!
Tax credits on HVAC equipment were extended by Congress for 2011. Norfolk MA homeowners may be eligible for cumulative tax credits of up to $500 dollars, making an air conditioner or furnace upgrade more affordable. You should always consult with your tax advisor to see if you're eligible.
To qualify for these tax credits, your new HVAC equipment must meet energy efficiency requirements or standards, which are explained in detail on the Energy Star site, a U.S. Department of Energy website that provides useful and easy-to-understand information about energy efficient products and practices. HVAC equipment tax credits available to you include:
It's a great time to upgrade your HVAC equipment to energy-efficient systems. While the federal government has extended tax credits for various HVAC-related equipment, the incentives are not at the same levels as 2010. Homeowners shouldn’t let that fact dissuade them, however. With additional rebates available from HVAC companies, incentives at the local level and those from utility companies, a conscientious homeowner can get big savings.
That’s where Rodenhiser steps in, because we want our customers to get the most savings possible off the price of equipment and installation, as well as savings from energy-efficient equipment.
You've probably heard the old proverb from Ben Franklin, that "nothing is certain but death and taxes." It turns out that old Ben might need to narrow the list down a bit. In order to encourage homeowners to save energy by investing in energy-efficient equipment, the U.S. government is offering tax credits to people who upgrade their home's heating and cooling equipment.