Recently, the government has extended tax credits through the end of 2011 on all heating and cooling equipment that meets Energy Star’s requirements. This means that now is the best time to upgrade your system to a more energy-efficient model. The energy-efficient models that meet the requirements for the tax credits and utility rebates will not only drop the cost of your utility bills through energy savings, but can now be installed in your home for a discounted price.
If you have a specific system in mind and want to check and see if it is available for any tax credits or rebates, get in touch with your heating and cooling contractor and ask for the Manufacturer’s Certification Statement of the piece of equipment you may purchase. This statement informs you of whether it meets the criteria to be eligible for the credit. Before you select your new unit, you should also check current requirements from Energy Star, because the criteria is constantly changing as newer and more efficient equipment comes out.
Currently, Energy Star rewards a tax credit to those who purchase a split-system air conditioner with a SEER over 16. According to the government, air conditioning models that meet Energy Star’s guidelines are about 14 percent more efficient than traditional air conditioners.
You may also receive additional tax credits by upgrading your furnace at the same time. Models that are at least 95% efficient and/or have high efficient blower motors qualify as well.
With the purchase of new heating and cooling equipment, it is possible to decrease the energy usage of your home by up to 40 percent. So, the tax credits will lower the cost of installation as well as save you money through energy savings.
With the tax credit extension, right now is the perfect time to upgrade equipment. While the initial cost of an efficient system can run a bit high, extended tax credits will help you reduce that cost significantly. With a new system, your home will produce optimal comfort levels in an extremely energy-efficient way. For further assistance on upgrading your system, contact that professionals at Team Bob’s.
Our goal is to help educate our customers about energy and home comfort issues (specific to HVAC systems). For more information, click hereto download our free Home Comfort Resource guide.
Team Bob’s services Traverse City, Michigan and the surrounding areas. To get started, check out our website.