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How to Get a Tax Credit for Installing a New Energy-Efficient AC Unit

Install a New 16 SEER Unit or Better and Get a Tax Credit for 2022

Homeowners know that the cost of living can be unpredictable. Prices for everything from groceries to gas seem to be constantly on the rise, which can put a strain on budgets. But there's some good news on the horizon: the Inflation Reduction Act. It was recently passed by Congress and provides tax breaks for homeowners who install energy-efficient appliances in their homes. So if homeowners have been considering upgrading their old AC unit, now is the time to do it! Here's what homeowners need to know about this money-saving opportunity.

What Does SEER Mean?

high SEER rating saves moneySEER is short for seasonal energy efficiency ratio. It measures how much energy an air conditioner uses to cool a home during the summer. The higher the SEER number, the more energy-efficient the air conditioner is. The current minimum SEER rating is 14 in Texas, but units with a SEER rating of 16 or higher are eligible for the tax credit.

SEER ratings are important because they can help homeowners save money on their energy bills. The higher the SEER rating, the less energy the air conditioner will use to cool their home. This means that they'll see lower energy bills during the summer months.

How to Claim the Credit

claim tax creditsHomeowners can claim the credit by including it on their annual tax returns. Homeowners should be sure to keep all receipts and documentation related to the purchase and installation of the appliance so that they have everything they need when it comes time to file their taxes.

The Energy Tax Credits provide families with much-needed relief from rising costs. By making energy-efficient upgrades to their home, homeowners can save money on their monthly utility bills and receive a tax break. This law is a win-win for families struggling to keep up with the cost of living.

If homeowners are considering purchasing a new energy-efficient appliance for their home, now is the time to do it! Thanks to the Energy Tax Credit, they can get a tax credit of up to $500. So, if homeowners are in the market for a new AC unit, they should choose one with a SEER rating of 16 or higher to take advantage of this money-saving opportunity. There are also additional HVAC installation rebates provided by Austin Energy for these higher-efficiency systems.

About A-Plus Air Conditioning & Home Solutions

A-Plus Air Conditioning & Home Solutions is a family-owned and operated business serving Austin, TX, and the surrounding areas for over 40 years. They offer flat rate pricing, financing, and peace of mind maintenance agreements. Call them today for air conditioning installation and replacement in Austin, TX.