We manage quite a few houses at Home Rental Services, Inc. Every month, we replace between 5 and 10 central heating and air conditioning units for our owners. It is important to know that you can receive up to $500 worth of tax credits when you install approved energy efficient units. If you are doing any home improvements, there is a good chance that some of the work will be eligible for tax credits, especially if you are replacing key systems or working on the exterior of your home.
Types of things that are eligible for these credits are:
- Water Heaters
- Heat Pumps
- Central Air Conditioners
- Building Insulation
- Circulating Fans (used in a qualifying furnace)
Here is a quote that talks about the maximum incentive (in aggregate) you can be eligible for:
For purchases made in 2011, 2012, and 2013: Aggregate amount of credit is limited to $500. Taxpayer is ineligible for this tax credit if this credit has already been claimed by the taxpayer in an amount of $500 in any previous year. For purchases made in 2009 or 2010: Aggregate amount of credit for all technologies placed in service in 2009 and 2010 combined is limited to $1,500
For more information, please visit the DSIREUSA.org website.