If you don’t have an energy efficient HVAC system, you’re losing money. Some homes have HVAC systems that are 20, 30 even 40 years old. Technology and energy useage has changed a great deal over the past decade, not to mention the past 2, 3 or 4 decades. Furnaces and air conditioners are much more energy efficient and the cost to have a new one installed can pay off in a few short years with decreased energy bills.
According to energystar.gov, “Tax credits for residential energy efficiency have now been extended retroactively, through December 31, 2021. The tax credit for builders of energy efficient homes has also been retroactively extended, through December 31, 2021.Tax deductions for energy efficient commercial buildings allowed under Section 179D of the Internal Revenue Code were made permanent under the Consolidated Appropriations Act of 2021.”
It’s definitely worth it to explore the benefits of this tax credit and the fact that you could save on energy costs every time you use your HVAC system.
For more information, give Peter Needham Electrical and HVAC a call at 781.396.4800. Peter also has emergency hours and offers a 10% senior discount.