January 28, 2016
Good news! Congress passed a bill in December 2015 which extended energy efficiency tax credits that had expired in 2014.
Not only can you get the tax credits if you purchase a qualifying item in 2016, but it’s also retroactive for anyone who purchased qualifying equipment in 2015.
Keep in mind, though, that the lifetime limit for a household is $500. So, if you’ve ever filed for this tax credit before (they’ve been available since 2005), your total credit is limited to $500.
For these products, you’ll get back 10% of the cost of the energy-efficient product (up to $500) or a specific amount from $50 to $300.
Here’s the products the credit applies to and the specific tax credit amount:
To get the tax credits, each of these products needs to meet specific energy efficiency requirements.
You can see what those requirements are on ENERGY STAR’s website.
Cool Today installs many of these energy-efficient products in your home and offers financing to make them easier to afford.
If you have any questions or need an estimated price for installation, contact us online or give us a call at (800) 506-6194.
Cool Today provides award-winning air conditioning service to Sarasota, Florida, and the surrounding areas like Bradenton, Tampa, and Port Charlotte.
Posted in: Tips