Ways to Save Big Using HVAC Tax Credits
Homeowners can save big while upgrading to high-efficiency heating and cooling units—with the HVAC tax credit. Worth up to $2,600, the federal HVAC tax credit not only reduces upfront costs for high-quality HVAC installations in Farmingdale, but the efficient new systems help minimize monthly energy costs in the future.
Here, the HVAC specialists at HomeServe will walk you through details of the HVAC tax credit, show you what kinds of HVAC systems meet minimum efficiency requirements for a tax credit and why you should act now to claim the credits before they expire on December 31, 2025.
What is the Energy Efficient Home Improvement Credit for Heating and Cooling Equipment?
The federal tax credit for installing new HVAC equipment is an easy way to save when replacing your HVAC system in your main residence. You can get up to 30% back on eligible costs for approved HVAC equipment installed between 2023 and 2025.
There are some limits and rules—for instance, you can only get as much as $2,000 per year for some systems—and you’ll need to include IRS Form 5695 to claim it on your tax return. Units must also exceed minimum efficiency standards to qualify. The credit phases out on Dec. 31, 2025, so homeowners who want to save need to take action now while it’s still available.
What Systems Qualify for an HVAC Tax Credit in Farmingdale
Considering an upgrade, but unsure what HVAC systems qualify for tax credits? A wide range of energy-saving systems are eligible for the federal HVAC tax credit, giving homeowners many choices when it comes to lowering expenses. This credit helps reduce both the cost of high-quality HVAC systems and energy expenses.
Here are some of the most common HVAC systems that qualify for a federal HVAC tax credit:
- Central AC: Qualifying central air conditioning units qualify for a HVAC tax credit of as much as $600. Installing an energy-efficient air conditioning system in your Farmingdale home can make your home more comfortable and lower energy use during hot summer months.
- Water heaters: Qualifying energy-efficient electric or gas water heaters may be eligible for a federal HVAC tax credit of up to $600. These systems operate more efficiently while providing dependable hot water throughout the home.
- Furnaces: Natural gas, propane or oil furnaces that meet efficiency minimums are eligible for a federal HVAC tax credit of up to $600. Professional furnace installation can enhance your comfort and cut down on your winter energy bills.
- Heat pumps: Heat pumps are among the industry’s most efficient HVAC systems and can earn a tax credit of as much as $2,000. These systems keep your home comfortable in all seasons with heating and cooling capabilities while helping reduce energy usage.
How to Claim a New HVAC Tax Credit in Farmingdale
The first step to claiming the federal HVAC tax credit in Farmingdale starts with HomeServe. Our Comfort Advisors will break down how the HVAC tax credit applies to your home, how much you can receive and assist you in selecting eligible HVAC systems. Then, we’ll handle expert HVAC installation for lasting efficiency and comfort.
Contact us online or by dialing 866-608-8020 today to start cutting costs on energy-efficient upgrades!
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