Living an environmentally conscious lifestyle is one trend that just won’t seem to go out of style. That may be attributable to the fact that it’s now easier than ever to incorporate green products into your life. But your environmental efforts don’t have to be limited to just recycling or buying special light bulbs. Installing an energy efficient air conditioner is a great way to reduce your environmental impact. Typically, energy efficient home upgrades require an initial financial investment, but these installations, including air conditioning installation in Tuscaloosa, AL, can continue to pay off for years through tax credits and reduced monthly energy bills.
Ready to get started? Here’s all the information you’ll need when it comes to cashing in on your new energy efficient air conditioning unit.
Money saving potential
Installing an energy efficient unit is one investment that will continue to pay for itself for years to come. Your monthly utility bill could be reduced by about 20 percent—approximately $200 annually. In addition to monthly savings on your energy bill, installing an air conditioner recognized as efficient by Energy Star could result in up to a $300 tax credit. Plus, many states also offer additional rebates and tax credits for central air conditioning installation in Tuscaloosa, AL and elsewhere. Your unit could be entirely paid for in as little as 10 years!
How to obtain your tax credit
The process of claiming your energy tax credit is actually relatively easy. To get started, all you need to do is find IRS form 5695 and include it as part of your tax return. On this form, you will be instructed to enter the product number of your qualifying energy efficient air conditioner. Consult your installation specialist if you are unable to find the number.
The form can be a bit tricky, so pay special attention to the details to ensure your claim is submitted correctly. Hang on to any manufacturer certifications and receipts in case you need them for your filing. Remember that only cooling systems installed before Dec. 31 of the same year you are filing for will qualify for the tax credit!
Choose Adams Heating & Cooling
Unfortunately, not all units qualify for the tax rebate. Many less reputable air conditioning installers may not know the details of the tax credit program, or might even say a unit is eligible when it actually isn’t in an attempt to make a sale. When you’re looking into air conditioning installation in Tuscaloosa, AL, trust the professionals at Adams Heating & Cooling to ensure you get the most for your money.
Adams Heating & Cooling specializes in heating in cooling installations, which means you’ll always know you’re receiving quality service at a competitive price. Our qualified team will guide you through the entire process from installation to any future repairs. Plus, our experienced specialists are highly knowledgeable concerning energy efficient units. Whether you’re interested in living sustainably or just the tax credit, our team is on hand to guide you through the process. Call today to learn more!