Don't Overlook Your HVAC Tax Rebate!
June 3, 2020
You Might As Well Take What They Are Giving
Not only can you save money by replacing your existing air conditioner with a newer, more efficient unit. But did you know that you can also save on taxes by purchasing a new unit?
Last year, in 2020, the government extended the previously-expired Non-Business Energy Property Tax Credits for purchasing new residential air conditioning equipment. As of January of this year, 2021, the Tax Credit was extended again. So until December 31, 2021, air conditioners meeting certain qualifications are again eligible for a $300 tax credit.
This tax credit also retroactively applies to new air conditioners installed in the 2018-2020 tax years. So if you have not claimed this tax credit before, consult with your tax preparer for details.
You might also like
Modern HVAC Efficiency Standards
The Elements of HVAC, How They Work Together, and Why They Matter?
Can This Decide the Battle Between Those Cold and Those Hot?
