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2013 Tax Credits: Use Them This Summer With a New A/C

Thinking about replacing your A/C with a new energy-efficient unit this summer? Here’s some good news – you may be able to take advantage of federal tax credits for purchasing energy-efficient heating and cooling systems during 2013. The 25C tax credit, enacted back in December 2012, creates a welcome incentive for homeowners to step up to the latest in energy-efficient cooling equipment. You’ll save hundreds of dollars on your qualified cooling equipment upgrades and save even more in the long run in energy costs.

By purchasing a high-efficiency central A/C unit with a minimum Seasonal Energy Efficiency Ratio (SEER) of 16 and an Energy Efficiency Ratio (EER) of 13 between now and Dec. 31, 2013, you can deduct up to 10 percent of the cost of your new purchase, up to a maximum tax credit of $300. The tax credits apply only to your existing home and principal residence – rental properties and new construction are not eligible. To apply for the tax credits, simply fill out and submit Form 5695 (Residential Energy Credits) with your 1040 tax return.

Don’t forget these helpful tips when searching for the best qualifying A/C system for your home comfort needs:

  • Look for a high-efficiency A/C with a SEER of 16 or higher, and make sure it features the Energy Star label. This way, you’ll get the most efficient system for your money.
  • Verify your system’s tax credit eligibility by requesting your chosen system’s Manufacturer Certification Statement from your contractor.
  • Make sure your contractor calculates your home’s cooling load according to the Air Conditioning Contractors of America’s Manual J guidelines.
  • Check for leaks and gaps in your home’s ductwork. Also, make sure the ducts aren’t too small or overly restrictive for your new central A/C system.

Contact the professionals at Rinaldi’s Energy Solutions to learn more about the 25C tax credits for 2013 and how it can help you save money. Since 1969, we’ve put our knowledge and expertise in cooling and heating to work for homeowners throughout Orlando and the surrounding area.

Our goal is to help educate our customers in Orlando, Florida and surrounding areas about energy and home comfort issues (specific to HVAC systems).  For more information about tax credits and other HVAC topics, download our free Home Comfort Resource guide.

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