Homeowners can apply for up to $500 in federal tax credits when they install new energy-efficient heating and cooling systems in their homes.
The new legislation, passed by Congress in February, also makes the credits retroactive starting Dec. 31, 2017. Homeowners who had eligible equipment installed in 2018 and 2019 can also apply for the credit with proper documentation.
The credits came about in large part due to lobbying from the Air Conditioner Contractors of America.
“We’ve been working on a much longer-term reinstatement of the tax credits,” said Todd Washam, vice president of public policy and industry relations for the ACCA. “This is a temporary victory. Our goal is to see it extended through 2026.”
Meanwhile, the credits can be combined with rebates from PECO for installing high-efficiency appliances.
Ron Musser, owner of ECI Comfort, which specializes in high-efficiency installations throughout the Delaware Valley, said these offers speak to a growing awareness of environmental concerns.
“When it comes to efficiency, we’re seeing more and more customers concerned about how their energy choices impact the environment,” he said.
Tom Brubaker, manager of communications for PECO Smart Ideas, said switching to high-efficiency appliances can save anywhere from 10 to 30 percent on energy bills.
“It’s often said that energy efficiency is one of the legs in the stool of the whole renewable debate,” he said. “Just by cutting back your use of electricity, you’re helping the environment, which helps all of us.”
For more information, visit ecicomfort.com/blog/tax-credits-heating-cooling, pecorebateportal.com/heating-cooling and acca.org/news/guest-blog/acca-legislative-priorities-signed-into-law
