If you have been considering upgrading your Mokena, IL, home’s heating or cooling system, you need to move fast if you want to take advantage of the 25C Federal Tax Credit. This incentive to improve your home’s energy efficiency expires on December 31, 2013. What this means to homeowners is that you only have a short period of time to purchase your new equipment, have it installed, and have it in service by the end of the year.
As the end of the year draws closer, you may find it difficult to get on a contractor’s installation schedule, as other homeowners like yourself may also be rushing at the last minute to qualify for this tax credit of up to $500. This is why you should act as quickly as possible to avoid missing out on these savings.
Qualifying for the 25C Federal Tax Credit is Easy
You do not need to replace your entire heating and cooling system in order to earn a tax credit. However, you do need to make sure that the energy efficiency rating of the equipment meets the requirements set by the government.
If you want to do just a furnace or boiler upgrade, you can earn a $150 tax credit provided the replacement furnace or boiler is fueled by oil, natural gas or propane and has an AFUE of 95 or greater. You may also qualify for additional incentives from the state or your local utilities by upgrading to a more energy efficient heater.
Instead of waiting until the spring to replace your air conditioner, you can earn a $300 tax credit by upgrading it now. To qualify, a split system central air unit must have a SEER of at least 16 and a 13 EER or better. A package system must have a SEER of 14 or better and an EER of at least 12.
Winter is Just Around the Corner
If your old and inefficient furnace struggled through last winter, then replacing it now, before our harsh winter hits can be a win-win situation for you. You can rest assured that your home will remain warm and comfortable and you will see a major reduction in your heating costs. Your new furnace or boiler upgrade will quickly pay for itself.
Do not let the 25C Federal Tax Credit pass you by! Contact the heating and cooling experts at Climate Master Mechanical Contractors and get started with upgrading the heating and cooling system in your Mokena, IL, home. We can help you select a new heating and or cooling system to fit your budget with our specials and easy financing options