If you didn’t have a chance to replace your aging HVAC system during 2010, you may still be eligible for a 2011 tax break. While the $1,500 tax credit was only available through December 31, the federal government is offering a reduced energy tax credit (up to $500) in 2011. Here are the details:
1. The 2011 tax credit is only available to homeowners who have not previously received at least $500 in credits from prior years.
2. Qualifying improvements include furnaces, air conditioners, insulation, water heaters, roofs, windows and doors. Check with the Mauzy Heating and Air Conditioning team to find out which equipment is eligible.
3. The new tax credit law allows homeowners to claim up to 10 percent of installation costs, with deductions capping at $300 for AC units/heat pumps and $150 for furnaces.
Remember, you must retain all product/system receipts and obtain a Manufacturer Certification Statement to be eligible for tax rebates. Ask your Mauzy HVAC expert about what documentation you’ll need to complete your 2011 tax credit forms.
For more information about which products are eligible for the 2011 federal tax credit, visit EnergySavers.gov—or contact the Mauzy family to inquire about energy-efficient product requirements, total system costs and available installation dates.
And HAPPY 2011 from the Mauzy family to yours!
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