Tax Credits for Replacing Your Heating and Cooling System

July 21st, 2014

458148501Older heating and cooling systems use much more energy than newer ones. In order to provide incentive for homeowners to change over to newer, more energy-efficient systems, the government started offering tax credits. Read on to learn more about these credits and how much you could potentially get back for making the switch.

The Units that Qualify

There are certain products that qualify for the tax credit. If you replaced your advanced main air circulating fan or your central air conditioning unit, you can qualify for this tax credit and get some money back. The increased energy efficiency can also save you money on your monthly energy costs, which helps you enjoy comfortable interior temperatures without spending as much.

The Maximum Credit Amount

The maximum amount for the lifetime credit equals about 10% of the total costs, which equals $500 for all of the improvements to your energy systems combined. Once you receive the full $500, you have gotten your full refund. If you have not yet received the full amount, you can expect more money back.

Manufacturer Rebates

Even if you do not qualify for the tax credit, there are plenty of heating and cooling system manufacturers that offer rebates when you purchase their products. Updating your system is a quick and easy way to save some money on energy costs, to stop wasting so much energy, and to enjoy the benefits of newer units.

If you are ready to update your heating and cooling systems, Russett Southwest can help. We can expertly install, service, and repair a wide variety of brands and products. We can help you find the right products to really meet the needs of your home: You can choose between top brands like Rheem, Carrier, York, Lennox, and Ruud. We also have thermostats, filters, electronic air cleaners, humidifiers, and improved filtration systems. To learn more about our products and services, visit us online or call (520) 629-9676.