Tax Credit

Tax Credits
There’s never been a better time to make energy efficient upgrades.  Johnson Heating and Cooling offers a wide variety of products that not only meet the requirements for the Federal Tax Credit for Residential Energy Property Expenditures, they can provide years of substantial savings on monthly energy bills. Additionally, state and utility incentives can be combined with the federal tax credit for even more savings.Geothermal Diagram

When you choose Johnson Heating and Cooling to install your new energy efficient air conditioning and heating systems, your comfort advisor can show you several options, including systems that could be included in the federal tax credit program. Installing these energy efficient systems can save you money with improved energy efficiency and provide additional savings when you file your taxes. Remember that unlike a deduction, which lowers taxable income, a tax credit reduces the actual tax paid, dollar-for-dollar. But since every taxpayer’s situation is different you should consult with a tax adviser.

Contact Johnson Heating and Cooling for an evaluation on your HVAC systems and start saving today!

Geothermal Tax Credits in Alexandria

If you install a geothermal heat pump to your principal or secondary residence, you could qualify for the renewable Federal Income Tax Credit, which continues until Dec. 31, 2016. The credit is equal to 30% of the cost and installation, with no upper limit.

To be eligible for this tax credit, you must owe money on your taxes. However, if you are unable to claim the entire 30% of your renewable energy purchase, you may be able to carry forward the unclaimed portion to future years. Please consult with your financial advisor or a tax professional for details and how to make sure you are getting the full tax benefit when choosing your new unit.

Qualifying HVAC Equipment Tax Break Down:

  • Geothermal Heat Pump Systems: 30% of cost and installation, with no upper limit
  • Central Air Conditioners: 16 SEER and 13 EER = $300 credit
  • Heat Pumps: 15 SEER and 12.5 EER = $300 credit
  • Natural Gas Furnaces: 95% AFUE = $150 credit
  • Advanced Main Air Circulating Fan: ECM Blower = $50 credit

Important Energy Saving Tax Incentive Links

  • Ohio Residents Click Here
  • Kentucky Click Here
  • Indiana Click Here
  • Energy Star Click Here
  • DSIRE is a comprehensive source of information on state, local, utility and federal incentives and policies that promote renewable energy and energy efficiency. Click Here