Choosing the right home comfort system can seem tough. There are more brands and features to choose from than ever. But one thing that can make the search more difficult is cost. Many people worry quality systems are too expensive for their budget.
But there are several tax credits available for certain HVAC equipment. Selecting one with manufacturer and local utility rebates can lower costs of even the best makes and models.
Thinking about air conditioning installation in Omaha, NE, or furnace installation in Omaha, NE? Learn more about the tax credits that you may be able to take advantage of.
What HVAC Equipment Qualifies for Tax Credits?
It’s important to know that not every HVAC system qualifies for a federal tax credit. In general, they are limited to high-efficiency systems. A high-efficiency designation can be for a furnace, air conditioner, ductless mini-split or heat pump. They can be more expensive than other options but make up for it over time with lower energy bills.
Some available HVAC tax credits include:
HVAC Tax Credits
A residential HVAC tax credit for cooling equipment can cover up to 10% of your total installation costs. Some restrictions will apply, including the cost of the system itself. This plan is offered as part of a larger incentive for home improvement. Making enough improvements past a dollar amount threshold will remove the tax credit eligibility.
This is a similar credit for high-efficiency Lennox® furnaces and ductless mini-split systems. Remember that exceeding certain costs will make you unable to use these tax credits.
Renewable Energy Tax Credits
Federal tax credits are also available for the energy you use. Using renewable energy sources like solar are eligible for energy rebates. These credits are also available for equipment like geothermal heat pumps. The amount you can receive back is proportionate to when the equipment was installed. Older models may be eligible for higher rates of the energy tax credit.
We partner with Lennox® and their available tax credits to keep your costs down. We can walk you through options with Lennox. Our staff can also provide the equipment certificates to give to your tax professional.
A1 United Offers Many Helpful Tax Credits
Do you need information about available tax credits? For rebates and more, call A1 United Heating, Air & Electrical. We’re a heating and cooling company in Omaha, NE, and surrounding areas. We’re proud to offer a variety of energy rebates and HVAC tax credits. We’ll work with you to ensure you’re getting the best possible deal.
Give us a call today at 402-593-7500 to get started.