Is your AC performance lagging of late? It may be time for a
new AC unit in Tampa. With more than three decades in the HVAC industry, Del-Air knows that
a poorly functioning AC system can have a serious impact on your energy
costs throughout the year. Although homeowners are often hesitant to purchase
a new air conditioner, the truth is that buying an energy-efficient cooling
unit can significantly slash your utility costs while saving you a small
fortune on your tax bill. Here are answers to some of the most commonly
posed questions about energy tax credits on AC equipment:
What Types of Equipment Qualify for the Tax Credit? Homeowners can currently
earn tax breaks by purchasing various types of HVAC equipment including
new central AC systems, air source heat pumps, and advanced main air circulating
fans. Additionally, gas, propane, and oil hot water boilers and furnaces
qualify for the credit. At Del-Air, we can help you select the best heating
and cooling products to boost energy efficiency while cutting your tax bill.
How Do I Secure My Tax Credit After Purchasing New HVAC Equipment? Once
you’ve purchased your new HVAC system, you need to file a form 5695
with the IRS to secure your credit. To guard against IRS audits, take
care to keep a copy of your receipt as well as the Manufacturer’s
Certification Statement. Because tax credits for new ACs may expire at
the end of 2016, homeowners should consider buying now so they don’t
miss out on this tax-saving opportunity.
Are There Loans to Help Me Purchase a New AC? Yes! If you can’t afford
a new AC, consider applying for a loan from SELF, the Solar and Energy
Loan Fund. With interest rates ranging from 5 to 9.5 percent, these loans
are available even to those with below-average credit.
Let Del-Air Help Slash Your Energy Bills: Tired of high utility bills ruining
your day? A leader in Florida HVAC services, Del-Air is more than happy
to advise you on the best ways to take advantage of the above tax breaks
and credits. For more information about installing a
new AC unit in Tampa with better energy efficiency, call our offices or
schedule your cooling consultation online.