From November 1st 2024 until December 31st 2024, customers who purchase a heating and cooling system from Bill's Heating & A/C will have a high efficiency tankless water heater installed at no additional cost! Click here for official terms and conditions.
The overall total limit for an efficiency tax credit in one year is $3,200. This breaks down to a total limit of $1,200 for any combination of home envelope improvements (windows/doors/skylights, insulation, electrical) plus furnaces, boilers and central air conditioners. Any combination of heat pumps, heat pump water heaters and biomass stoves/boilers are subject to an annual total limit of $2,000. (Note: ENERGY STAR certified geothermal heat pumps are eligible for a separate tax credit and not counted against these limits.)
Keep Reading...In August of 2022, President Biden signed into law the Inflation Reduction Act of 2022. This landmark bill extended and modified many of the tax credits that were previously offered under the Energy Policy Act of 2005. The Inflation Reduction Act of 2022 features tax credits for consumers and businesses that save money on energy bills, create jobs, make homes and buildings more energy efficient, utilize clean energy sources and lower greenhouse gas emissions that contribute to climate change and global warming.
Keep Reading...Tax credits covering 30% of the project costs will be available for qualifying improvements to your primary residence through 2032. For an ENERGY STAR Home Upgrade, this would apply to the heat pump for heating and cooling, a heat pump water heater, attic insulation and sealing, new windows and upgrades to your electric panel. Based on the requirements for these tax credits, there is a range of ENERGY STAR certified products, across all these categories, that are eligible.
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