Homeowner Tax Incentives

Published on: April 25, 2012

Although the bulk of air conditioning and heating system tax incentives expired on December 31, 2011, there are still some credits you may be eligible to apply for in 2012. These credits remain in effect until December 31, 2016 and are available for people who install small wind energy systems, solar water heaters, geothermal heat pumps and solar panels. The 2012 tax credit is also extended to those who make use of fuel cells as an alternative energy source.

If you are interested in pursuing any of these air conditioning and heating system upgrades, look for a HVAC company that is also a Carrier® factory authorized dealer. The status of Carrier® factory authorized dealer is one that is highly sought after in the industry. It indicates that the air conditioning and heating system company has submitted an application to Carrier® in order to distribute the company’s products. Nationwide, only five percent of air conditioning and heating system companies are granted the privilege of representing Carrier®. This means that a Carrier® factory authorized dealer can be trusted to provide you with useful information regarding alternative energy sources and tax credits available for utilizing them.

When a representative from a Carrier® factory authorized dealer arrives at your home, he or she will evaluate your property for a possible switch to alternative sources of energy. If you decide to go with geothermal heating and cooling, small wind energy systems or any form of solar power, you can receive a tax credit for up to 30 percent of your cost. There is no limit on how much you can spend to receive this credit. Additionally, those who choose to use fuel cells to power their home comfort equipment can receive a tax credit that is equal to $500 for every kilowatt of energy saved.