Limited Time Savings on Heating and Air Conditioning Systems
Uncle Sam Pays 30% of Installed Price
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Tax Credits on Heating and Air Conditioning Installations
We can install a qualifying energy-efficient heating and air conditioning system and Uncle Sam will pay 30% of the price up to $1,500 as a tax credit. To take advantage of this offer, you must purchase your qualifying high-efficiency comfort system before December 31, 2010.
Your savings won't be limited to a one-time tax credit. You'll continue saving every month with reduced monthly cooling and heating bills. For more information, contact a Home Comfort expert today at (800) 616-2699.
Slash Your Taxes
The reason many homeowners are so excited about this program is because tax credits, unlike deductions, are subtracted directly from the total amount you owe on your personal income taxes. For example, if you complete your tax return and calculate that you owe the IRS $2,000, a tax credit of $1,500 will reduce your tax bill to only $500. Of course, be sure to check with your tax adviser on how to best take advantage of the tax credits.
More About Your Tax Savings and Energy Savings
To reduce dependence on foreign sources of energy and our carbon footprint, the American Recovery and Reinvestment Act of 2009 provides a tax credit to help offset the costs of making energy efficiency improvements to your home. Some key details of the program are as follows:
- The tax credits apply to a qualified Heating and Air Conditioning equipment (including installation costs).
- The amount of the credit is equal to 30% of the installed cost of the qualifying equipment, up to a total of $1,500.
- If a qualifying purchase is not large enough to qualify for the maximum credit of $1,500, the remaining available tax credit can be claimed for additional qualifying purchases.
