Installing energy-efficient appliances in your home can not only save money on your utility bills, it can save money on your federal taxes. Tax credits are available if you upgrade heaters, air conditioners and hot water heaters with equipment that meets energy-saving requirements.
To claim tax credits in 2011 you must:
- Submit 2011 IRS form 5695 with your 2011 1040 form by April 15, 2012.
- Save receipts and Manufacturer’s Certification Statements for all energy-saving equipment you purchase.
Among the qualifying energy-efficient equipment and the tax credits available:
- Air-source heat pump. Replacing furnaces and air conditioners with a heat pump provides a $300 tax credit. Heat pumps can create 1.5 to three times more energy than it uses, according to the federal Energy Savers program. That's because they transfer heat from one place to another rather than producing it from a fuel.
- Natural gas, propane or oil furnaces. These systems create heat through the combustion of fuel and air and earn a $150 tax credit.
- Gas, propane or oil hot water boilers. Installing water heating systems to heat homes through baseboard heat, radiators or in-floor radiant tubing receive a $150 tax credit.
- Geothermal heat pumps. These heat pumps use the natural heat contained in the ground to provide heating, air conditioning and hot water. Geothermal heat pumps qualify for a 30 percent tax credit.
- Central air conditioning. Energy-efficient central air conditioning systems are eligible for a $300 tax credit.
- Advanced main air circulating fan. Installing a fan or blower motor that moves heated air from the furnace through the duct system gives a $50 tax credit. The fan cannot use more than 2 percent of the energy used by the furnace.
- Gas, oil or propane water heater. These water heaters must have an energy factor at least 0.82 or a thermal efficiency of at least 90 percent to receive a $300 tax credit.
- Electric heat pump water heater. These water heaters must have an energy factor of at least 2.0 to receive a $300 tax credit.
It's important to make sure your purchase meets specifications set out by the government to earn a tax credit. The experts at Rodenhiser would be glad to help.
Our goal is to help educate our customers about energy and home comfort issues (specific to HVAC systems). For more information about tax credits and other HVAC topics, download our free Home Comfort Solutions Guide.
Rodenhiser Plumbing, Heating and Air Conditioning serves the Route 495/128 area of Massachusetts. To get started, check out our website or see our current promotions.
Photo courtesy of Shutterstock.
Nice people.
Great service.
Since 1928
Read From Over 10000 Happy Customers
-
Both Alex and Patrick were knowledgeable, courteous, and professional. They made a change that might have solved the recent problem and have structured a more complete solution. We agreed to this...
-
Mike was thorough, thoughtful and considerate. Covered their shoes before entering, surveyed my issue and provided an explanation of the services and costs. Great Job!
-
Alex did a great job providing an explanation of the services provided and went out of his way to offer assistance/advice on other issues outside of our scheduled maintenance visit.
-
Brian did an excellent job inspecting our 18-year old boiler and replacing some of the accessory hardware that needed it, he also adjusted the outgoing hot water settings for our radiators and...
-
Rodenhiser is my one stop shop!!! They take care of my HVAC, electrical, and plumbing issues & are always helpful addressing any questions I may have about the systems in my house! Everyone...
-
Chris G. and Nick V. showed up bright and early at 8am to fix my water heater issue. They were on time, polite and were able to fix an issue that has been plaguing my house for a good year. They...
Call Rodenhiser at 1-800-462-9710
When you are looking for plumbing, electrical, heating or air conditioning in the Route 495 / 128 area, you will be delighted that you called Massachusetts' trusted choice since 1928.
With a total dedication to professional workmanship and excellent service, discover why families and businesses continue to trust Rodenhiser after generations of service
