Although general conditions are changing, the current government standards that permit tax credit for Central Air Conditioners (CACs) or Heat Pumps will remain in effect until December 31 of 2013. This tax credit stands good for select energy-efficient heating and cooling equipment, including certain Goodman central AC units and heat pumps. The tax credit applies to select packaged units as well as select split-system units.
This is a closing window of opportunity. As the say goes, “Time marches on.” December 31st is rushing toward current homeowners with a speed that will shortly defy memory. Now is the time to upgrade, replace or install new an Goodman central AC or Heat Pump system.
To schedule an immediate Phoenix A/C installation estimate, contact American Cooling and Heating at http://www.americancoolingandheating.com/air-conditioning-and-heating-installation. You get courteous service, reliable system answers, professional technicians and the best pricing in the Valley.
Federal Energy Tax Credit Defined
When congress recently modified and extended the existing U.S. energy efficiency tax guidelines, they passed the American Tax Payer Relief Act of 2012. Incentive components of the modified Federal Energy Tax Credit that relate to 25C heating and cooling equipment includes HVAC units used in new homes as well as units retrofitted to existing homes. Federal legislation also embraces retroactive extensions for previously established heating and cooling tax credits.
As such, Phoenix homeowners who purchase select types of Goodman Central AC equipment as well as other eligible heating, ventilation and A/C units are entitled to the benefits of the tax credit program. Note: The tax credit is not limited to air conditioning equipment. However, A/C installation is one of the more costly energy-related home improvement projects.
The new tax credit legislation remains in effect from January 1, 2012 to December 31. Five hundred dollars is established as the cumulative cap or maximum tax credit.
Geothermal tax credits are also components of the Federal Tax Credit program, but this article limits itself to American Cooling and Heating installed Arizona Central Air Conditioning systems and American Cooling and Heating installed Arizona Heat Pump systems. When referring to Phoenix Arizona, we include all regional towns and cities that are serviced by the AC&H maintenance, repair and A/C installation teams, including:
Anthem, Apache Junction, Avondale, Ahwatukee, Biltmore, Cave Creek, Carefree, Chandler, Desert Foothills, El Mirage, Fountain Hills, Gilbert, Glendale, Gold Canyon, Goodyear, Higley, Litchfield Park, Luke AFB, Mesa, New River, Paradise Valley, Peoria, Queen Creek, Scottsdale, Sun City, Sun City West, Sun Lakes, Surprise, Tempe, Tolleson, Wadell, Youngtown and other areas within the greater Phoenix Arizona Metro.
How To Get Your Tax Credit For An AC&H Installed Phoenix A/C System
Before addressing tax credit details specific to AC&H installed Goodman centeral AC or heat pump units, you need to understand the general principles of how to apply for a 25C Air Conditioning tax credit. A few basic rules apply:
- The installed unit must meet precise energy efficiency standards
- The filling papers must include a copy of the Manufacturer’s Certification Statement (MCS) for the equipment in use
- The credit is limited to $500 maximum or 10-percent of the A/C installation costs, whichever is the less of the two
- The unit must be installed in your principle residences between January 1, 2011 and December 31, 2013
- The IRS directs residential taxpayers to apply using Form 5695
- Wise consumers will consult with a tax professional before filing the claim.
When Arizona-based American Cooling and Heating installs your qualifying Goodman heating and cooling system, or any other qualifying brand name system such as Carrier, Trane or Rheem, you will receive the necessary Manufacturer’s Certification Statement. AC&H customer support also includes a detailed unit service manual, a list of system operations and system maintenance routines, and hands-on instructions for thermostat management and setup.
American Cooling and Heating installs the following federal tax credit qualified residential Goodman central AC heating and cooling products:
- Split system A/C systems that meet efficiency levels for both 16 SEER and 13 EER
- Split system Heat Pump units that meet efficiency levels of 15 SEER, 12.5 EER and 8.5 HSPF
- Packaged Goodman air conditioning, heat pump or dual fuel products that meet efficiency levels of 14 SEER, 12 EER and 8 HSPF.
Your AC&H Phoenix A/C installation sales representative will advise you of product specifics, Goodman “EcoRebates” and the government synopsis of eligible Energy Star Goodman products.
Timing is essential to tax credit eligibility. In order for you to claim an existing A/C tax credit, the system must be installed for use in your principal residence before the closing hours of December 31, 2013. So Call Now. The American Cooling and Heating staff is on-hand 24/7/365.
The above information is established as a generic guideline and does not represent professional tax advice. Do not claim any tax credits without first consulting with a professional tax preparation service.