Tax Credits Available for Going Green
An Energy Star certified HVAC unit or water heater will guarantee lower monthly energy bills. Some Energy Star units even qualify for a tax credit. Read on to learn more about how you can get a tax credit for going green with an eco-friendly HVAC unit, water heater, or insulation product.
The energy required to run a water heater can account for up to 25% of the energy consumed inside your home. If you purchase a gas, oil, or propane water heater with an Energy Factor greater than or equal to 0.82 or a thermal efficiency of 90% or more, you may be eligible for a $300 tax credit. If you buy an electric heat pump water heater with an Energy Factor greater than or equal to 2.0, you may also be eligible for a $300 tax credit.
As long as you are buying an HVAC unit for your existing home and your principal residence, you may qualify for a tax credit. Advanced main air recirculating fans, air source heat pumps, central air conditioners, hot water boilers, and furnaces qualify for a tax credit between $50 and $300, provided they meet the Energy Star energy efficiency requirements listed online.
If you want to add insulation to your home in order to improve its efficiency, provided it is an existing home and your primary residence, then you can get a tax credit of 10% of the cost up to $500, not including installation costs. Qualifying products include weather stripping, house wrap, caulk, and spray foam.
To learn more about the tax credits that you can earn on a new residential HVAC system, call Estes Services Atlanta at (678) 733-9791. We’ve been the industry experts in Atlanta since 1949. Visit our website to learn more about our eco-friendly products.