If you’re thinking about updating your home’s heating or cooling system, now is the time to act. The government is giving homeowners a bit of a financial break. Homeowners in Kansas and across the United States can get a tax credit for making their heating and cooling systems much more energy efficient. When you are filing taxes in 2022, you may be able to see a big relief in how much you owe or how much you will have returned!
In 2017, the government created a tax credit for homeowners who got new qualifying systems installed in their homes. Some of you may have already taken advantage of this in your 2020 tax return, 2021 tax return, or earlier. And they have extended this tax credit to installations done through December 31, 2021.
3D Electric Plumbing Heating & Air serves homeowners across the entire Wichita, KS area. We can professionally install the items that will qualify you for these big savings.
You can get a $300 credit for a new qualifying air conditioning system, but many other credits are available to homeowners. Some home improvement products qualify for a credit of 10% of the cost up to a total of $500. Other products, like AC, have specific credit values ranging from $50 to $300. Depending on what you get installed, you could get a 2022 tax credit totaling as much as $500.
This is a Federal Energy Tax Credit to provide an incentive for homeowners to make their homes more efficient. So, you will be rewarded for getting modern HVAC systems that run at high efficiency installed in your home. This tax saving is only given for the installation of a qualifying HVAC product. The heating and air products that qualify for this credit have specifications on levels of energy efficiency.
NEW AIR CONDITIONER
The types of cooling systems part of this credit opportunity are those with a higher SEER rating. If your new air conditioner is listed as an ENERGY STAR Most Efficient product, it is likely one that will qualify for a credit of up to $300.
NEW HEATING SYSTEM
For heating systems such as furnaces, boilers, and heat pumps, you could see a saving of up to $150. You will want to get something with at least an AFUE rating of 95 or higher.
HEAT PUMP INSTALLATION
Heat Pumps are excellent HVAC systems that provide both the heating AND cooling for a home or space. They are incredibly efficient and so, not surprisingly, come with a great tax credit. Getting an air source heat pump installed that is ENERGY STAR certified and meets the necessary qualifications for this tax credit could give you a $300 credit!
OTHER HOME SYSTEMS
Other products can qualify you for even more tax savings, including water heaters and circulating fans.
For a complete list of which products qualify and how much credit each qualifies for, check out the property tax credit list on EnergyStar.gov. You will see more home improvement products qualify for a credit, such as insulation, roofs, windows, and doors. However, the 2022 tax credit for these improvements does not include installation costs.
Note: This is a tax credit solely for homeowners making these energy efficiency improvements on their primary residence. This is not available for businesses.
You can find information on how to receive your federal tax credit for these energy-efficient products at Energy Star's Tax Credit page. You will also find links to tax forms and IRS contact information.
This energy efficiency tax credit is available through the end of this year. That means you only have until December 31, 2021 to get a new air conditioning system or other HVAC device installed to take advantage of this savings.
Did you already get a new AC installed? You may still be in luck. What is also good to note about this tax credit is that it is retroactive back to 2018. You still can claim the credit in your tax filing on systems and HVAC units you have recently installed.
Take advantage of this tax credit before it is too late. Contact us today! 3D Plumbing, Electric, Heating & Air are the heating and cooling experts for the Wichita area.
We can provide you with a new air conditioning system, a new water heater, or even a complete HVAC package in time to qualify for this tax credit. Not only will a new furnace or AC save you money on your taxes, but you will also save money on your energy bills. That’s what happens when you have a system using less energy to heat or cool your home.
Request a free estimate for a new heating or air conditioning system by calling us at (316) 744-2326.
While our skilled HVAC team can address any problem or question you have about heating and air systems, we are not tax experts. You will want to see a tax professional for any questions you have regarding taxes and available credits.
3D Plumbing, Electric, Heating and Air is a family owned and operated business. We have been providing quality professional services to Wichita and surrounding communities since 2012. We strive to offer only the highest quality service at an affordable cost to our customers.
3D Plumbing, Electric Heating & Air is a family-owned and operated business serving the Wichita area since 2012. With trained and experienced plumbers, electricians, and HVAC technicians, you can trust our licensed and qualified teams to deliver the home and business services you need.
Located just off I-135 just minutes north of Wichita, we have the team and the equipment to deliver quality service, American-made products, quickly and done right the first time.
Don’t let the fear of costs on a big project delay you from the work you need, get a free quote from the team relied upon to deliver the best prices around.
There’s good reason why customers give raving 5-star reviews to our Wichita plumbers, electricians and HVAC technicians at 3D!
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