Tax Credits and Rebates
Are New HVAC Systems Tax Deductible?
The 2019 tax season (for tax year 2018) is upon us, which means people are trying to find ways to deduct expenses. Curious if you can write off a new HVAC system on your taxes? Are there any other energy-efficiency improvements that qualify for a federal or state tax credit? The answer is a qualified…
Read MoreBest Energy Efficient Air Conditioners in 2018
Did you know that air conditioners account for around 5% of all energy consumed in the U.S.? With all that power being allocated to keep us cool, wouldn’t you want the most energy efficient air conditioner possible in order to help keep your home cool and comfortable this summer? What Are SEER and EER Ratings…
Read MoreTax Credits for Geothermal Installations: Still in Place Even as Other Incentives Expire
Wichita homeowners considering making a switch to geothermal energy should act soon to take advantage of federal tax credits. The tax credits for geothermal installations can help to significantly defray the cost of a new system, if installed by the end of 2016. Savings on operating costs are also considerable. As EnergyStar.gov notes, geothermal heat pumps “are…
Read MoreThose Restored Federal Tax Credits–In a Few Months, They’ll Be Retired
In January, Congress renewed the 25C tax credits for energy-efficient heating and cooling equipment, as well as some home improvements. If you had been thinking about a system replacement, this was welcome news. But you may not have rushed out to get that new system, because you had a whole year to act. Well, the…
Read MoreTake Advantage of Tax Credits for High-Efficiency Cooling Systems
Homeowners who need to replace their heat pumps or air conditioning equipment can take advantage of federal tax credits for high-efficiency cooling systems this year. The equipment has to meet minimum energy efficiency standards, known as the SEER (seasonal energy efficiency ratio) and EER (energy efficiency ratio). The credits are retroactive to Jan. 1, 2012…
Read MoreEnergy Tax Credits: Thanks To The Fiscal Cliff Agreement, They’re Back
On Jan. 1, 2013, Congress approved legislation to help avoid the “fiscal cliff” by reinstating many popular tax breaks that originally expired in 2011. The legislation extends energy tax credits to Dec. 31, 2013, and many are also retroactive for 2012. This means you can claim energy tax credits for purchases and installations you made…
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