Get Tax Credit for New HVAC

By
Real Estate Agent with Coldwell Banker Preferred Properties

Ahh, it's raining right now, temp in the 70s, and really muggy outside.  But a huge COLD FRONT is supposed to be on its way.  Anyone who knows me knows I LOVE the cold weather.  My idea of the perfect day is 40 degrees with the sun shining and no wind. It is easy to breathe and it's just exhilarating!

Soon we will be able to stop running the A/C and open the windows for fresh air.  This summer wasn't as hot as it has been in the past, but I for one will be glad to see a little relief from that big summer electric bill.  My electric bill is less than ½ in the spring and fall when I don't run the HVAC.

One thing I've been hearing a lot about is the tax credit for getting energy efficient appliances.  The credit is part of President Obama's Recovery and Reinvestment Act. The Environmental Protection Agency has a rating system called Energy Star which means appliances that qualify meet strict energy standards.  You can get a tax credit for up 30% of the cost of a new qualifying HVAC unit (with a cap of $1500).  Now that means if you buy a new HVAC system with the new energy star ratings, you save big bucks on your utility bill (statistics show up to 30% if your HVAC is over 12 years old), AND you can get MONEY BACK when you file your taxes next January.

That sounds lime a WIN, WIN, to me.

 If you want more info on the requirements for getting a tax credit for a new HVAC unit click here.

Home for Sale Hoover AlabamaWant to save money on heating and cooling but don't want to go through the effort of having a new HVAC unit installed?  You could buy this house.  These owners have already purchased a new HVAC unit for this lovely house.  Big rock, wood burning fireplace - very romantic on a cool evening, hardwood floors - the real thing (not laminate), new kitchen counters, fabulous deck and now a NEW HVAC. It doesn't get any better than this!  And if you haven't owned a home in the last 3 years, this one qualifies for an $8000 first time home buyer tax credit. 

Something to think about.  Some people sit around and complain about the "government spending all that money".  Well here is your chance to make it work for you.

 

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Toni Bird

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