The size of its tax credits may be shrinking but the U.S. government is still offering incentives to switch to more energy efficient heating and cooling equipment. It looks like 2011 will be the last year for these savings, though, so if your current system is aging, now is the time to think about replacing it.
To qualify for the available federal tax credits, you must make sure that the equipment you are purchasing meets the government’s efficiency standards. For central air conditioning units, this means a minimum SEER rating of 16 on traditional spilt systems and at least 14 on package systems. SEER measures the Seasonal Energy Efficiency Ratio. The credit on the purchase of this type of cooling unit is $300.
Just as important as your air conditioning equipment is the heating source that warms you during the cold Connecticut winters. Tax credits for new furnaces and boilers are being offered by the U.S. government as well. The savings on these units is $150. The efficiency requirements vary by the type of heating source that you use. A natural gas or propane furnace must have an AFUE of 95. If you have an oil furnace or a gas, propane or oil hot water boiler, the AFUE is 90. AFUE stands for Annual Fuel Utilization Efficiency.
The biggest tax credits offered are for the most efficient heating and cooling system of all, geothermal heat pumps. The government will pay you back 30 percent of the cost of these units, and that includes installation. Instead of generating heat on its own, the geothermal unit takes warm air out of the ground to heat your home and then reverses the process to pull warm air out of the house in the summer to keep it cool.
Glasco Heating and Cooling has expert service technicians who are skilled in the installation of high efficiency HVAC equipment. They can answer any questions about tax credits and help you find other rebates that may be available from the state of Connecticut or your local utility company.
Our goal is to help educate our customers about energy and home comfort issues (specific to HVAC systems).
Glasco Heating & Air Conditioning services South Windsor, Connecticut and the surrounding areas. To get started, check out our website.