Get up to $500 in Federal Tax Credits
Did you upgrade your HVAC system in 2020? Or are you still planning to do so? Well, if you had Energy Star certified equipment installed before December 31, 2020, you may qualify for up to $500 in tax credits on your 2020 income tax return.
What may qualify: – Energy Star Heat Pumps – Energy Star Central Air Conditioning – Energy Star Gas Furnaces – Advanced Main Air Circulating Fan – See more at EnergyStar.com
Earlier this year, Congress extended the Non-business Energy Property Tax Credit through December 31, 2020. So, if you were considering upgrading your HVAC, there’s still time to take advantage of the credit. Give our team a call to start the process.
If we’ve already helped install a new HVAC system in your home, there’s still a chance you could claim this credit…even if the work was done in 2018 or 2019. Yes, that’s right, when Congress extended the credit, they retroactively extended it to January 1, 2018.
We can provide information on the efficiency of the system that was installed. But we highly recommend you consult with your tax professional on what qualifies, who can take the credit, and what is needed to file with the IRS.
Key Questions: – Was the improvement made to an existing home? – Was it your primary residence? – Have you taken this credit before? (Learn more at IRS.gov) – How do I apply for the tax credit? (See the steps at EnergyStar.com)