Federal Tax Credits Still On For Energy Efficient Systems

Lots of homeowners took advantage of the generous federal tax credits offered for heating and air conditioning systems in 2010. Those credits have been reduced, but you can still see some tax benefit if you are considering an upgrade in your heating and cooling systems. Now is the time to think about installing new air conditioning or an air-source heat pump.

Here’s what you need to know about the federal tax credits for these types of equipment:

■The credit is good for 10 percent of the cost up to $500, or a specified amount between $50 and $300. Action Air can help you determine which models qualify.

■The equipment must be purchased and installed before the end of 2011.

■The tax credit can only be claimed for your principal residence and the equipment must be installed in an existing home.

■Second homes, rental properties, and new construction are not eligible.

Air source heat pumps are an energy-efficient home comfort solution that provides both heating and cooling.They work by moving heat, rather than generating heat, so they consume much less energy than a furnace or conventional air conditioner. The professionals at Action Air have years of experience installing air source heat pumps in northeast Florida, so we know which models work best for different situations.

If you are looking to install a new central air conditioning system, we can help you with that, too. There are countless numbers of models available, but not all of them are eligible for federal tax credits. The best way to determine the right unit for your home is to work with a professional to make sure the equipment you purchase is not too large or too small for your home comfort needs. Contact us at Action Air to learn more about which energy-efficient air conditioners are available.

Schedule time with us now, before your home gets hot and uncomfortable, and you will not miss out on this year’s federal tax credits.