Did You Know? If you’ve recently purchased a new high efficiency air conditioning and heating system within the past year for your home, you may be eligible for a federal tax credit for energy efficiency. ENERGY STAR products are eligible for tax credits because they are independently certified to save energy and money while protecting the environment.
The tax credit is up to 10% of cost up to $500 or a specific amount from $50-$300 which expired on December 31, 2016 which falls in line for filing taxes for 2016. **Must be an existing home & your principle residence. New construction and rentals do not apply.
Please note, not all ENERGY STAR qualified products qualify for a tax credit. ENERGY STAR distinguishes energy efficient products which, although they may cost more to purchase than standard models, will pay you back in lower energy bills within a reasonable amount of time, without a tax credit.
For more details please visit: Energystar.gov
