A lot of North Carolina residents are looking for ways to save money these days. At Acosta Heating and Cooling, we have some big savings available for you in the form of components eligible for 2011 federal tax credits, and the potential for lower home energy bills.
How much can you save? Well, that depends on which tax-eligible components you’re planning to install. If your central air conditioning didn’t provide the cooling performance you required this past summer, a qualifying upgrade could earn you $300 back; the same holds true for qualifying air-source heat pumps.
If you’re considering an upgrade to your furnace this season, you may be eligible for $150 back in tax credits, provided the systems qualify in terms of annual fuel utilization efficiency (AFUE). Requirements vary based on the equipment and fuel source, but a good rule of thumb is to look for systems carrying a minimum 95 percent AFUE.
In addition, the main air circulating fan of your tax-eligible furnace may qualify for an additional $50 back. To qualify, this fan can consume no more than 2 percent of the total energy used by the furnace. Many fans qualify for tax credits even when the furnace does not, so be sure to ask your technician. In this instance, you could still be eligible for a tax credit of 30 percent on the total cost of the fan.
Remember, these tax credits are good only through the end of 2011. However, the savings and comfort improvements from your home heating and cooling systems will continue for years and years to come. In fact, the long-term savings on your electricity and gas bills could easily exceed thousands in operating cost and you save now via the 2011 tax credits.
To find out exactly how much you can save, contact us at Acosta Heating, Cooling & Electrical. We’ll help you choose the right systems for your home, and ensure that they qualify you for the maximum savings possible. We’ve been serving the Charlotte Metro Area for nearly 40 years, and guarantee that we leave our customers satisfied. Call us today with any questions.