Tuesday, February 18, 2014

How to Get a Tax Credit for Going Green on a New HVAC System

Heating and cooling your house are essential things that aid in the comfort of your life at home. Unfortunately, outdated and old heating and cooling systems are often inefficient, and require hundreds of dollars in operation and energy costs each year. To keep your home at the perfect temperature, reduce your carbon footprint, save money, and even get a tax credit, you should consider going green with a new HVAC system. Read on for all the details about energy efficient HVAC systems, as well as how you can get a tax credit for installing one in your home:

Benefits of Replacing Your Old HVAC System


A new HVAC system has three components: heating, ventilating, and air conditioning. In order to make each of these components “green,” or energy efficient, you’ll need to purchase an entirely new HVAC system. Purchasing a new and updated HVAC system can actually do more than just save you money; a new HVAC system can help to filter out harmful pollutants and chemicals like nitrogen oxide, carbon monoxide, and sulfur oxides.

For installations needs, or to have your HVAC system inspected or checked, consider hiring a heating a cooling expert.


What to Look for in a New HVAC System


After making the decision to purchase a new HVAC, there are a couple of things that you should look for:
  • Make sure that the HVAC system you purchase has an Energy Star seal, so you know it is energy efficient.
  • Purchase the HVAC system that’s most efficient.
  • Consider purchasing an HVAC system that has additional energy efficient features, such as power-saving options or options that allow you to program the HVAC to set temperatures or put your HVAC on a temperature schedule.
  • Choose an HVAC system that, when turned off, uses very little energy. Believe it or not, many HVAC systems are still energy hogs even when not in use.


Get Your Tax Credit



Not only will purchasing a new HVAC save you money throughout the year on energy costs and help protect your family’s health, you’ll also be able to qualify for a federal tax credit by going green. The credit is applicable to energy efficient improvements in already existing homes (you can get a tax credit for other improvements too, such as solar panels). The maximum tax credit you can get for installing your new HVAC is $500. For more information about other home renovation tax credits that you may qualify for, visit the United States Department of Energy.

In order to apply for the tax credit that’s applicable to you for installing a new HVAC system, simply file your IRS 5695 tax form for Residential Energy Credits. You can access the form here.


Do the best thing for yourself, your family, and the planet. Improve the efficiency of your homes heating, cooling, and ventilation system, save money, and get a tax credit by installing a new, energy efficient HVACsystem today.