Tax Credit Incentives
Tax Credit Incentives
What's included in the 2011 Federal Tax Credit?
- Geothermal Heat Pumps, Small Residential Wind Turbines, or Solar Energy Systems:
- Tax Credit: 30% of cost with no upper limit
- Expires: December 31, 2016
- Details: Existing home and new construction qualify. Both principal residences and second homes qualify. Rentals do not qualify.
- Residential Fuel Cells and Microturbine Systems
- Tax Credit: 30% of the cost, up to $500 per .5 kW of power capacity
- Expires: December 31, 2016
- Details: Existing homes and new construction qualify. Must be your principal residence. Rentals and second homes do not qualify.
And the savings don't stop there...
Along with the federal tax credit, you may find that your local utility companies offer additional rebates.Here at AC Doctor we've made it easy for you. Check our "Search for Rebates " section for more information.
And remember, not only will you save on the purchase of your new high-efficiency air conditioner, heat pump, or furnace, but you can save as much as 40% over your current inefficient system. That means saving major bucks on your monthly utility bills!
Here are a few other energy saving ideas to consider:
- Energy Audit: It's a good idea to have an energy audit done. It can help identify some other great ways to save money on your home's utility bills. Many of the HVAC professionals in our directory can do this for you.
- Insulate: The US Department of Energy can help you determine the amount of insulation (R-Value) recommended for your zip code. This gives seasonal comfort throught the year and is a very important factor in energy savings. Learn more on our "Get Insulated" page. Here again, many contractors in our directory offer this service.
- Simple solutions: Here are simple steps you can take.
- Plugging small holes in the house that let heat out or cold in can be effective. A spray can of expanding foam insulation can be found at all building supply and hardware stores. This works great for filling holes where pipes, dryer vents, telephone wires, cables and electrical conduits enter your home.
- Foam gaskets can be placed under your outer-wall receptacles and switch plates.
- Weather-stripping doors and windows is another inexpensive solution to energy loss.
- Keep in mind if your house was built before 1970 it could be consuming twice the amount of energy over its newer relative.
Use our Energy Calculator to see exactly how much a new high efficiency air conditioner, heat pump, or furnace can save you. Remember to account for the federal tax credit and any utility rebates that are available when doing your calculations.
