If you own a home, you can apply for federal tax credits when buying an energy-efficient HVAC system, which help to make upgrading more affordable.
Here is a look at a few of the heating- and cooling-equipment tax credits that are available to homeowners:
- Central Air Conditioning: (up to $300 in tax credits) Select either a split system that has an Energy Efficiency Ratio (EER) > 13 and a Seasonal Energy Efficiency Ratio (SEER) > 16; or a package system that has an EER > 12 and a SEER > 14.
- Electric Heat Pumps: (up to $300 in rebates) Select either a split system that has an Heating Seasonal Performance Factor (HSPF) >8.5, EER > 12.5, or a SEER > 15; or a package system that has an EER > 12 or a SEER > 14
- Furnaces and Boilers: (up to $150 in incentives) Select a natural gas or propane furnace with an Annual Fuel Utilization Efficiency (AFUE)> 95; an oil furnace with an AFUE > 90; or a gas, propane, or oil hot-water boiler with an AFUE > 90.
- Advanced Main Air Circulating Fan: (up to $50 in rebates) Choose a fan that utilizes no more than 2 percent of the furnace’s total energy use.
There are a few qualifying guidelines you must meet in order to be eligible for the tax credits: 1) The system must be for your primary residence; 2) The rebates apply to purchases made in 2011.
Manufacturers also offer rebates that give your total savings a boost. For example, Lennox currently offers up to $1,900 in rebates for qualifying equipment.
For more information about rebates, contact Blanton’s Heating & Air Conditioning. Most of our products meet energy-efficient Energy Star qualifications, and offer reliable, quiet and quality solutions to your residential heating and cooling needs. You can speak with one of our knowledgeable sales people who will provide you with more information about the services we offer, the manufacturers we represent, and the rebates and credits for which you may qualify.