Did you know that you can qualify for tax credits when renovating your home? If you aim to make changes to improve your home’s energy efficiency, why not enjoy some financial benefits? One eligible project included is the installation of solar panels and other eco-friendly technology. If you’re wondering if air conditioning repair is eligible for tax credits, refer to the following information:
Non-Solar Water Heaters
Water heaters or oil, propane and gas units that have at least 90% thermal efficiency qualify for tax credits. Electric heat pumps with a 2.0 or higher energy factor also qualify.
HVAC systems
If you install an HVAC system that benefits the entire house, it can also qualify for an energy tax credit. For example, installing a central air conditioner and heat pump can qualify for tax credits. Improving your home’s air quality also counts.
Wind Turbines
You can receive tax credits if you have residential wind turbines that become the main source of power for your property’s electrical system.
Geothermal Heat Pumps
Geothermal heat pumps use the ground’s temperature to provide air conditioning or heating at home. They can also provide hot water for homeowners. You can add this natural source of energy to your tax credits.
To make it simple, you might want to hire a financial adviser and work with your HVAC contractor. These professionals can help you clearly understand which HVAC systems are eligible for tax credits, and tell you about the best energy-efficient solutions for your property.
In the end, you don’t have to exert much effort to reduce your energy bills. Cooper Brothers, Inc., a leading HVAC company, can help you with this matter. We offer air conditioner replacement and other HVAC services. You can call us at (408) 659-8879 and request a free estimate for a new system today. We serve San Jose, CA, and surrounding communities.