Are you a resident of West Palm Beach, FL who is looking to upgrade their HVAC system? If so, you may be eligible for a tax credit and refund from the federal government. Sara Fuquay, a resident of West Palm Beach, FL, told WPTV that when she's not spending time at the City Paws dog park in the summer months, she's at home turning on the air conditioning. Now is the perfect time to start considering replacing your HVAC system, as you could be eligible for a tax credit and refund from the federal government. The federal government offers tax credits for those who purchase energy-efficient HVAC systems. These credits are available for both residential and commercial properties.
The amount of the credit depends on the type of system you purchase and how energy-efficient it is. The credit can be up to 10% of the cost of the system, up to a maximum of $500. In addition to the tax credit, you may also be eligible for a refund from your utility company. Many utility companies offer rebates for customers who purchase energy-efficient HVAC systems. The amount of the rebate varies by utility company, but it can be up to $500 or more.
To find out if your utility company offers a rebate program, contact them directly.
Maximize Your Savings with Tax Credits and Utility Rebates
Replacing your HVAC system can be expensive, but with the help of tax credits and rebates from your utility company, it can be more affordable. If you're a resident of West Palm Beach, FL and are looking to upgrade your HVAC system, make sure to take advantage of these incentives. The federal government offers tax credits for energy-efficient HVAC systems, which can save you up to 10% on your purchase. Additionally, many utility companies offer rebates that can save you up to $500 or more. By taking advantage of these incentives, you can maximize your savings when replacing your HVAC system.How to Claim Your Tax Credit and Utility Rebate
To claim your tax credit, you will need to fill out IRS Form 5695 and submit it with your taxes. You will need to provide proof that you purchased an energy-efficient HVAC system, such as an Energy Star certification or manufacturer's statement. To find out if your utility company offers a rebate program, contact them directly. By taking advantage of these incentives, you can save money when replacing your HVAC system.Make sure to do your research and take advantage of all available incentives when upgrading your HVAC system in West Palm Beach, FL.
