Tax Credits on HVAC Equipment Through 2025
If you’re in need of a new heat pump or air conditioning unit, or if you’ve recently had one installed in your home or business, you could be eligible for big tax credits through the end of 2025.
Who is Eligible?
Homeowners who had a heat pump or air conditioning unit installed from January 1, 2023 through December 31, 2025 could be eligible for these federal tax credits through Energy Star. The credits are for equipment that is ranked as Energy Star most efficient products (installations of 16 SEER or higher) including both central heat pumps and ductless heat pumps as well as qualified central air conditioning units
How much is the credit?
The energy efficient home improvement credits are available for up to 30% of the total cost. For air source heat pumps this is up to $2000 and for central air conditioning units up to $1200. These credits can be combined for a total credit of up to $3200. According to Energy Star, “these credits are managed by the U.S. Internal Revenue Service (IRS) and can be claimed with your federal income taxes for the year in which the upgrades are made.”
Why now is a great time to upgrade your HVAC unit.
If you’ve been considering a new energy efficient heating or air conditioning system, taking advantage of these tax credits over the next several months could mean big savings for you but you’ll want to hurry. These tax credits expire December 31, 2025. Thornton’s Heating & Air is here to help you along the way with any questions that may have. In addition to quality products, we make it easy to get the new units you need now with our financing options for approved buyers.
For more information, answers to your questions, see eligible equipment, or how to claim your credit visit Energy Star here. If you’ve been considering a new unit and think this may be a perfect opportunity, Thornton’s Heating & Air Conditioning is happy to provide you with a free quote on a new unit. Call us today with any questions or to set up an appointment and get saving before time runs out!
