Consumer Tax Credits for Energy Efficient Appliances Expires This Month

If you’re not already aware, the federal government instituted the American Recovery and Reinvestment Act of 2009 which provides a tax credit to help offset the costs of making energy efficiency improvements to your home – including energy-efficient windows, insulation, doors, roofs, and heating and cooling equipment. If you install any of these qualifying energy efficiencies in your existing home you could be eligible to receive a tax credit for 30% of the cost (up to $1,500).

However, it is important to note that this program expires on December 31, 2010. Therefore, to take advantage of this program and determine which central air conditioning units are eligible for tax credit, call an accredited Heating Ventilation and Air Conditioning (HVAC) Contractor. As part of the verification process, you will need to review the Manufacturer Certification Statement for the equipment you plan to purchase. Again, a trusted HVAC contractor will not only walk you through the process, they can help you complete the required Form 5695 and submit all necessary documentation required.

One of the many benefits of this program is that that unlike deductions, tax credits are subtracted directly from the total amount you owe on your personal income taxes. Better yet, your savings go far beyond a one-time tax credit. With a newer, energy efficient central air conditioning unit, you’ll continue saving every month with reduced monthly cooling and heating bills. For more information on this program, contact your HVAC dealer today because you only have a few more weeks before this tax credit expires.

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