Will a New HVAC System Lower My Taxes in North Port, FL?

Are you considering a new HVAC system for your North Port, FL, home? You’ve probably already weighed some of the financial aspects, including purchase price, home equity and utilities costs. Tax reductions may be a missing piece of your financial analysis of the total cost of a new system. Let’s take a look at some ways that a new HVAC system can provide tax benefits.

Federal Tax Credits

Firstly, the federal government offers multiple tax credits that may apply to the installation of a new high-efficiency HVAC system. These systems are likely to reduce your energy bills in addition to saving you money on your taxes. Energy credit programs that may apply to a new HVAC system include:

  • Renewable energy credits.
  • Equipment tax credits for primary residences.
  • Tax credits for home builders.

Florida Public Utilities Rebates

The Florida Public Utilities Residential HVAC Rebate Program offers rebates for the purchase and installation of new heat pumps or central air units with a SEER rating of 14 or higher. All residential units are eligible for a $100 rebate.

Florida Power and Light Rebates

Finally, Florida Power and Light offers a $150 air conditioning rebate for the installation of a new high-efficiency AC system with a SEER rating of 16 or 17. These rebates apply to installations in single-family homes only.

Florida Power and Light’s Residential Energy Efficiency Program offers rebates from $140 to $1,930 for new heat pumps and AC units. There’s also a rebate for duct sealing. These rebates apply to single-family and multi-family dwellings.

New HVAC systems provide many benefits beyond enhanced comfort. Reduced utility costs coupled with additional savings from tax credits and rebates allow you to maximize the return on your investment. Now is a great time to reach out to us at All American Heating & Cooling to discuss a new HVAC system installation. We’re happy to help you save as much as possible.

Image provided by iStock

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