Have you been putting off upgrading your furnace or replacing your water heater with a more energy-efficient model? Now is the time to act — before the winter chill settles over central Georgia. Not only will you stay warm throughout the season, but you also might be able to qualify for federal energy tax credits that are expiring at the end of 2011.
What Are the 2011 Federal Energy Tax Incentives?
The 2011 federal energy tax credits allow homeowners who make energy-saving improvements to their existing primary residence by Dec. 31, 2011, a tax credit of up to $500 per improvement on their 2011 federal income tax return. These credits apply to materials and sometimes labor and installation, depending on the product. These credits do not apply to improvements made to rental homes, vacation houses or newly constructed homes.
To claim the credit, homeowners need to complete IRS form 5695 and file it with their 2011 federal income tax return.
HVAC Products That Qualify
A wide variety of heating, ventilation and air conditioning (HVAC) products qualify for the 2011 tax incentives. Among these are:
- Central air conditioning systems
- Natural gas, oil and propane furnaces
- Advanced air main circulating fans
- Heat pumps
- Natural gas, oil and propane water heaters
- Electric heat pump water heaters
- Natural gas, oil or propane hot water boiler
Keep in mind that not all HVAC products, even those that are Energy Star certified, qualify for the 2011 federal energy tax credits.
If you need help choosing new HVAC equipment, contact the friendly experts at Powers Heating & Air.
Our goal is to help educate our customers about energy and home comfort issues (specific to HVAC systems). For more information about energy tax credits and other HVAC topics, download our free Home Comfort Resource guide.
Powers Heating & Air serves Peachtree, GA and the surrounding areas. Visit our website to see our special offers and get started today!