Haven’t Used Your 2013 Tax Credits? Apply Them Toward a New A/C

Have you been considering replacing your old A/C with a new, more energy-efficient one, but are afraid to make an expensive investment? Federal energy tax credits can help ease the financial burden. These credits can save you money at tax time, and you’ll continue to save money on energy costs every time you use your new, more efficient unit. Now is the time to act; these credits expire at the end of 2013.

These tax credits are granted in collaboration with the federal Energy Star program, which aims to provide consumers an incentive to purchase more energy-efficient technology. Energy Star technology saves money and reduces the emission of greenhouse gases that can pollute the environment and contribute to global warming. These credits apply for new units in existing homes only. Newly built homes and rental properties are not eligible for the credits.

For central air conditioning units, a tax credit is available until December 31, 2013. This credit is available for up to $300; the amount depends on the price and type of unit installed. Qualifying A/C units must meet certain standards set by the Consortium for Energy Efficiency (CEE). A Seasonal Energy Efficiency Ratio (SEER) of at least 16 is required for most units to qualify. The Energy Star website has more on information on efficiency ratings.

To apply for tax credits, you must file an IRS 5695 form. Be sure to hold on to the receipts from the purchase and installation of your new equipment as well. Manufacturers are responsible for providing a certificate documenting that their product is eligible for the credit, so remember to obtain a copy and keep it for your records.

The team at Preferred Air Conditioning & Mechanical, LLC has been proudly serving South Florida for over 20 years, and is ready to provide solutions for all your A/C and HVAC needs. Contact us today to learn more about federal tax credits and how you can take advantage of them before they expire.


You May Also Like

AC System Needs Maintenance
April 11, 2024

Reasons to Not Skip AC Maintenance This Spring

Living in West Palm Beach, FL, means embracing the sunshine and warm weather year-round. As spring transitions into summer, ensuring your home’s… Continue Reading Reasons to Not Skip AC Maintenance This Spring

Read More…

Confused About New HVAC Restrictions
March 28, 2024

Learn More About the New HVAC System Restrictions

As of 2023, Florida has rolled out new regulations governing HVAC systems to address environmental concerns and improve energy efficiency across the… Continue Reading Learn More About the New HVAC System Restrictions

Read More…

Smart Thermostat Screen
February 8, 2024

What Makes a Smart Thermostat Screen Go Blank

A smart thermostat should display a lot of information on its screen that keys you into the state of your HVAC system… Continue Reading What Makes a Smart Thermostat Screen Go Blank

Read More…

Compliance Settings
Increase Font Size
Simplified Font
Underline Links
Highlight Links