Well… Having an air conditioner is so helpful for you to through hottest days during summer season more comfortably. But if your unit is too old, this advantage may be converted to be a lot of disadvantages. Your outdated A/C unit cannot work powerfully anymore and even with inefficiently performance. Therefore, perhaps you have to replace it with new one that promises better of efficiency performance (higher in BTU size, higher value of SEER rating and also with Energy Star approval). Having new central air conditioning system that is friendlier to the environment is also helpful for the tax bill that you have to pay!
Well…, today, in order to encourage anyone, particularly homeowners, to use & invest in eco-friendly technology and energy saving products; the government has offered a good value of positive tax credit project. And in this case, this program (tax credits) is beneficial either for your finance or the environment of your local area in the future. You should take the advantage of this as well. Below are pieces of helpful information on how to get tax credit from a new central air conditioner!
1. The first thing that you should take a look at is the values of energy-efficiency tax credit that are currently available! Analyze and review them carefully! As additional information, the energy efficiency tax credits are offered around 30 % (with $1,500 as the upper limit) by the Reinvestment Act & American Recovery of 2009! This means, if you buy an A/C unit that is priced $4,000.00 then around $1,200.00 will be credited back to you with your federal tax return! For units that are priced $5,000.00 or more than $5,000.00 will get $1,500.00 for the maximum eligible credit.
2. Then consider the specifically energy-efficiency of the unit that you are purchasing! Not all types of air conditioners that are currently available at the marketplaces are qualified with the tax credit agreement of U.S government (Check on this site “Federal tax credits”). Generally, for package A/C units must be qualified with higher than 14 for SEER and higher than 12 for EER. And for split A/C units must be qualified with greater than 16 for SEER and higher than 13 for EER. In addition, SEER is Seasonal Energy Efficiency Ratio and EER is Energy Efficiency Ratio!
3. Don’t miss to ask all receipts after purchasing and installing your new central air conditioning system! Save those receipts as well.
4. Don’t also forget to check the certification statement of the manufacture. It is usually already included one package with the unit. What is the function of the manufacture’s certification statement? Well, it has function to prove that your unit is qualified and meets to the energy efficiency tax credit qualifications! Mostly, that certification is not needed by the Internal Revenue Service for filling the taxes. But it is better to keep the tax records with the certificate.
5. With the federal tax return and proper forms, put forward for the right tax credit!
6. The last, other idea is by contacting a tax professional in your local area for getting more completely information.
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